Tuesday, March 28, 2023
Outlook India
Outlook Business

Online Gaming

In its meeting here on Friday, the FIFS, formed in 2017 to create a thriving ecosystem for users and operators of fantasy sports, said it will help the sector, which contributes extensively to the country's economy

New updates are available as Xsolla partners with Mastercard, digital distribution hub continues to expand its solution offering

Beset by fraudulent fly-by-night operators while laboring under fragmented state-based regulations, online gaming companies hope the MeitY's self-regulation proposal will herald the codification of player-first initiatives

SRO or the self-regulatory body, proposed under the draft rules for online gaming, will be an institutional body that will be tasked with registering online gaming intermediaries, and certifying what is a permitted online game and what is not

The Ministry of Electronics and IT has published draft rules for online gaming companies and has invited comments on the same by January 17

Online gaming companies will be covered under the new IT rules that were issued in 2021 for social media platforms

Through MeitY, the government is willing to publish rules and regulations for the online gaming industry to secure legality and innovation in the coming time