News Karnataka
Sunday, February 05 2023
Online Games

Online gaming companies can’t bet on outcome of games: MoS IT

Online gaming companies cant bet on outcome of games MoS IT
Photo Credit : IANS

New Delhi: Betting on the outcome of games won’t be allowed by online gaming companies under the draft rules, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Monday.

“As per the principles laid under the rule, wagering on the outcome of a game will not be allowed. All online gaming companies will have to register with the self-regulatory body that will decide on the action required to be taken as per the rules,” Chandrasekhar said.

The rules are meant for encouraging innovation and helping the online gaming sector, the minister said.

The ministry has published draft rules for online gaming companies and has invited comments on them by Jan 17.

Chandrasekhar said that the online gaming rules would be finalised by early next month.

Read more:

Industry hails shift to MeitY as nodal ministry for online gaming

Delhi: GoM on online gaming likely to recommend 28% GST

Tamil Nadu: Dhinakaran demands ordinance to ban online gaming

K’taka HC strikes down law banning online gaming

MP govt to bring Act to control online gaming

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