Monday’s proposal by the Centre for a self-regulatory organization for online gaming was made as part of the IT (Intermediary Rules and Digital Media Ethics Code Code) Rules 2021.
A ministry notice stated that the draft amendments were intended to address the need and allow the responsible growth of online gaming.
The government invited public comments to the draft rules for online gambling by January 17.
“Bets on the outcome of a particular game are not allowed, as per the rules.” All online gambling companies must register with the self-regulatory organization that will determine the actions required according to the rules,” Rajeev Chandrasekhar, Minister of State for Electronics and IT said.
Minister Xavier expects that the rules for online gambling will be available by next month.
Sameer Barde, CEO of Egaming Federation, stated that the self-regulatory entity would provide a time-bound grievance redressal system, register online gaming intermediaries and promote responsible gaming through age verification and rigorous KYC. It will also take safeguard measures against financial distress and addiction.
Barde stated in a statement that “Overall, it is our belief that these moves will eventually aid the government establish an regulated and sustainable gaming industry while encouraging responsible gaming.”
MeitY has been appointed last month as the nodal minister for regulation of online gaming and intermediaries.
“We are grateful that the government recognized the long-standing need for online gamers and the industry. Roland Landers, CEO of All India Gaming Federation, stated that this is a significant first step towards comprehensive regulation of online gaming.
He said that these rules will help to protect consumers’ interests while allowing the industry to grow in a responsible and transparent manner.
Landers stated that “these rules will also help curb the menace of illegal offshore gambling platforms, anti-national and otherwise,”