The proposed guidelines additionally ban all ads, or manufacturing thereof, involving money-based on-line gaming platforms

The draft guidelines bar banks, monetary establishments and “people” from facilitating any transactions associated to on-line money-based gaming platforms

Sources stated that working a money-based on-line gaming platform might appeal to a jail time period of as much as three years or a nice of INR 1 Cr or each

The homegrown actual cash on-line gaming ecosystem is looking at a possible wipeout as the federal government is planning to introduce a Invoice to ban on-line video games involving cash.

The Union cupboard accepted the net gaming invoice earlier immediately.

Sources informed Inc42 that the draft norms plan to ban all actual cash video games, no matter whether or not they’re video games of probability or talent or each. The one exception granted has been for esports competitions. 

The proposed guidelines additionally ban all ads, or manufacturing thereof, involving money-based on-line gaming platforms. Not simply this, the draft guidelines additionally bar banks, monetary establishments and “people” from facilitating any transactions associated to on-line money-based gaming platforms.

Known as the “Promotion & Regulation of On-line Gaming Invoice 2025”, the Invoice proposes organising of a devoted company to “recognise, categorise and register on-line video games”. The sources stated that the brand new authority can be tasked with addressing complaints associated to on-line gaming platforms. 

The draft guidelines additionally underline strict punishments for flouting the stated norms. Working a money-based on-line gaming platform might appeal to a jail time period of as much as three years or a nice of INR 1 Cr or each. 

Promoting an actual cash gaming platform might invite imprisonment for a time period of two years or a nice of INR 50 Lakh, or each. Any entity or particular person processing transactions for money-based gaming apps will likely be liable to pay a nice of as much as INR 1 Cr and an imprisonment of as much as three years, or each. 

Recurring violations will entail stricter provisions. 

(This story will likely be up to date quickly)