The government will establish three self-regulatory organisations (SROs) to licence games that correspond to the country's operating requirements, according to Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology.
The Indian government enacted regulations to regulate the online pay-to-earn industry, prohibiting pay-to-win games involving actual money. Rajeev Chandrasekhar, Minister of ... Read More
29
May2023
24
Mar2023
Ashneer Grover, Co-Founder and ousted CEO of fintech startup BharatPe, announced his new venture CrickPe, a fantasy cricket platform via Twitter.
This news comes a year after Madhuri Jain, his wife, and he started their firm Third Unicorn, situated in Delhi. The name 'Third Unicorn' came after Ashneer Grover helped ... Read More
24
Sep2021
Karnataka Assembly has passed an amendment to the Karnataka Police Act, 1963, which tries to boycott online gaming and curtail online gambling. Chief Minister Basavaraj Bommai said the proposition isn't substantial for online games that rigorously comply with "games of skill".
The Indian online gaming industry is at the cusp ... Read More
24
Sep2021
Karnataka Assembly has passed an amendment to the Karnataka Police Act, 1963, which tries to boycott online gaming and curtail online gaming. Chief Minister Basavaraj Bommai said the proposition isn't substantial for online games that rigorously comply with "games of skill". The online Skill Gaming industry expresses worries over the ... Read More
24
Sep2021
The All-India Gaming Federation (AIGF) claimed the forbidding of online gambling would harm the state's reputation as a tech- hub and start-up capital.
The news that the Karnataka state government is thinking about revising the Karnataka Police Act 1963 to boycott all types of gambling in the state, including online gambling ... Read More
24
Sep2021
Experts say the Karnataka Police Bill, 2021, which tries to ban online gambling and betting, may confront legal obstacles.
The Karnataka government on Tuesday, 21 September, passed a controversial bill that outlaws online gambling and 'games of chance'. The Legislative Assembly decided on Saturday to change the Karnataka Police Act, ... Read More
23
Sep2021
As the Karnataka Assembly passed amendments to Karnataka Police Act, seriously affecting the online gaming industry, the industry is confident of an explanation on the bill in regards to the rejection of 'games of skill'.
According to the bill that was tabled and passed in the Karnataka Assembly, the State ... Read More
23
Sep2021
Experts say the Karnataka Police (Amendment) Bill, 2021, which tries to boycott online gambling and betting, needs clarity and may face legal difficulties, especially over how authorities recognize an activity, website, or application as dangerous.
The bill, passed in the assembly on Tuesday, doesn't determine which games or entities with ... Read More
23
Sep2021
The Karnataka government's decision to boycott online gambling, which includes skill-based games, is a misfortune to the enormous expert players community in the state and would harm its standing as a startup center, the All India Gaming Federation (AIGF) has said.
India is the fifth-biggest online gaming market universally, and ... Read More
23
Sep2021
Indian tech startups and industry associations have expressed concerns and looked for clearness over the Karnataka government's bill to boycott online gambling.
Rameesh Kailasam, CEO of IndiaTech.org, an industry body that represents founders of Indian startups and investors, revealed to Moneycontrol that they have prescribed to the Government of Karnataka ... Read More