Members from the Federation of Indian Chambers of Commerce and Industry (FICCI) have communicated their conflict with the prohibition of online betting in the territory of Karnataka.

An amendment banning all types of gambling in the state keeps on drawing analysis from the industry even as it becomes effective recently. Members from FICCI have said the change would prompt a gigantic loss of revenue.

Sameer Barde, convenor of the FICCI Gaming Committee, noticed that Karnataka is one of India’s startup centers and that the amendment would profoundly harm the industry. Dilip Chenoy, FICCI’s secretary-general, has said he trusts authorities will update the amendment to the Karnataka Police Act 1963 in the light of analysis.

Roland Landers, the AIGF CEO, who is also a member of FICCI, complained that the new law sees no difference between online gambling and online games of skill. He contended that the latter has been a significant area of development for India.

Landers said the sector had added to the Indian economy and is relied upon to create revenue of over US$3bn by 2025.

Sanjay Agarwal, co-founder and managing partner of Umbrella Infocare, said that although online gambling could have unfortunate results, “the bill should separate among gambling and games of skill.”

He said there ought to be close checking by a regulatory authority yet that online sports gaming can’t be classified as gambling as it is skill-based.

Then again, home minister Araga Jnanendra has said that the legal amendment is essential since it was hard for the police to deal with betting and gambling because of the new request from a bench of the state high court at Dharwad, which has halted the police striking gambling dens.

As per the Indian Express, Araga Jnanendra said: “There is a ton of gambling happening using electronic gadgets and this must be controlled.

“The bill intends to reinforce provisions of the Karnataka Police Act to make gambling a cognizable and non-bailable offense and incorporate the use of cyberspace including PC components or any communication gadget as defined in the Information Technology Act, 2000.”

Credits: Focus Gaming News