PROPOSALS FOR INDUSTRY BODY REJECTED, CENTRE TO REGULATE E-GAMING
Why in the news?
IT rules mandate approval from a regulatory body for online real money games.
source: clipground
Regulatory Requirements for Online Gaming:
- Government Regulation of E-Gaming:
- Ministry of Electronics and Information Technology (MeitY) to prepare guidelines for regulating the online gaming sector.
- Rejects proposals for an industry-led self-regulatory organization (SRO), citing industry dominance in submissions.
- Online Gaming Rules:
- IT rules mandate approval by a regulatory body for online real money games.
- Games without real money involvement exempt from regulatory requirements.
- Government’s Approach:
- Rejects industry-dominated applications, emphasizing the need for a neutral regulatory body.
- Industry Response and Expectations:
- Industry associations and companies seek clarity on rules, responsible gaming, player protection, and financial fraud prevention.
- Demand for a regulatory structure similar to SEBI for the e-gaming sector.
What is E-gaming?
E-gaming in India refers to the participation in electronic games, often competitive, across various platforms such as PC, console, and mobile devices, encompassing a wide range of genres and competitions. |