Government of India Announces E-Gaming Policy
The Government of India has announced E-Gaming Policy that aims to promote growth. The gaming industry in India is set to grow to $10 billion by 2025.
The Union Ministry of Electronics and Information Technology (MeitY) with the Government of India has announced an e-gaming policy that will bring in self-regulation, mandatory verification for players, and additional due diligence. The policy aims to protect users from potential harm and ensure the growth of the gaming sector. Esports was recognised as a sport for the first time by the Government of India. This move came after President Droupadi Murmu said that “it should be included as a part of the multi-sports event.”
The organisation in charge of regulating online gambling has been designated as the Union Ministry of Electronics and Information Technology. Esports would now fall under the new IT regulations that were released in 2021 for social media companies. The public is invited to comment on and provide input on the proposed modifications to the IT Act until January 17.
Online gaming intermediaries will be permitted, but they will not be allowed to transgress into betting or advertising without permission. The government will regulate the internet to ensure a safe and trusted environment for gaming.
As quoted by ANI, Union Minister Rajeev Chandrashekhar said, “Online gaming intermediaries will be permitted but if they tend to transgress into betting, they will not be permitted. Our intent is to restrict intermediaries from advertising without permission. We as a team will regulate the Internet.”
“Our job is to prescribe rules for the safe and trusted functioning of the internet. Our intention is to ensure growth in the gaming sector. We want more and more online gaming intermediaries, but we do not want them to allow wagering on the outcome of their games,” he further added.
The policy includes a number of measures to protect users from potential harm. These include:
- Self-regulation by the gaming industry
- Mandatory verification of players
- Additional due diligence by gaming companies
- Restrictions on betting and advertising
- Regulation of the Internet by the government
- The policy is expected to have a positive impact on the growth of the e-gaming industry in India. The industry is currently worth an estimated $1 billion and is expected to grow to $10 billion by 2025.
The policy is also expected to create jobs and boost the economy. The gaming industry is a major employer in India, with over 100,000 people currently employed in the sector. The policy is expected to create an additional 1 million jobs by 2025.
The government has said that it will work with the gaming industry to implement the policy. The industry has welcomed the policy and has said that it is committed to working with the government to ensure the safety and security of players.
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