AIGF aims at managing issues that concern the gaming industry and involves game operators, players, gaming organizations, social activists, lawyers, economists, policy analysts, industry experts, legal and advisory firms, tech organizations, game developers, payment gateway vendors, game enthusiasts, game bloggers and responsible gaming companies, who are fundamental for running the gaming sector.

Established in 2016, AIGF is the Oldest Industry Body for Online Skill Gaming in India. AIGF’s prime goal is to facilitate recognition for the sunrise sector of the Indian economy – the Online Skill Gaming Industry. AIGF’s Skill Games Charter focuses on self-regulating all games of skill played online in pay-to-play formats, which is essential to stay aware of selective requirements of inclination and user security in the skill gaming industry.

AIGF is committed to inclusively representing the totality of the gaming industry.

Financial Integrity

1. Members will keep up with separate bank accounts for (a) operational costs, and (b) user funds, and will guarantee that user funds and payouts won’t be in danger assuming the Member were to stop carrying on with work.
2. Funds from the user accounts won’t be coordinated to or used by a Member under any conditions for everyday operational costs or to subsidize the development of the Member’s business. A Member won’t get to any user funds, or pull out/extract such assets for any use other than settling user rewards.
3. Members will keep a user liability account and secure player funds. Members will give AIGF certification in connection thereto on a quarterly premise.
4. All Members that hold user funds will set out sincerely in the agreements under which they give their games whether user funds are secured in the occasion of Insolvency, the degree of such insurance, and the strategy by which this is accomplished
5. Members will direct the identity check of a winner before payment of payouts or allowing withdrawals as needed under applicable laws. In India (including anti-money laundering laws), it will be done by mentioning either the user’s PAN Card, Aadhaar Card, or potentially some other important KYC document allowed under the law and Bank Account details of the winner.
6. On the occasion when the winner’s PAN card details are required and the details are inaccessible, then Member will require the winner to provide a declaration by the law.
7. The suitable measure of duty deducted at source (T05) for all rewards or payouts will be deducted as per the Income Tax Act 1961 and amendments thereto and notifications thereunder.
8. With the purpose of TDS, the Members ought to define “rewards” as the distinction of receipts earned from the game and investment by the player to deduct the tax at source.
9. Winners will be provided with TDS certificates regarding any such tax deductions inside the courses of events indicated under appropriate law.
10. Members will keep up with records of all exchanges on its platforms regardless of whether such exchanges contain a single exchange or sense of exchanges integrally associated with one another, including without limitation the games played by users, exchanges attempted through the platform, and user information (“Game Records”) for 3 years from the date of creation of the exchanges between the player and Member.
11. Members will, as a part of their internal controls and financial accounting systems, execute suitable approaches and techniques concerning the use of cash and cash equivalents (e g., banker’s drafts, cheques, debit cards, and digital currencies) by users, intended to limit the risk of comes, for example, tax evasion, to keep away from the giving of illegal credit to users.
12. Members will lead a yearly evaluation of the risks of their Platforms being used for illegal tax avoidance and terrorist financing.

Credit: AIGF