Promotion and Regulation of Online Gaming Bill, after 2025 Lok Sabha, now passed from Rajya Sabha on Thursday (August 21). After getting approval from the President, this bill will take the form of law. The objective of the online gaming bill is to promote the main objective of e-sports and social games. On the other hand, this bill will also ban online betting and real money gaming.
Under the online gaming bill, e-sports will now get an official sports status in India. The Ministry of Sports will now issue rules, guidelines for e-sports. Besides, Training Academy and Research Center will also be established for this. There is also a preparation to include e-sports in the national sports policy and to run incentive schemes for players.
The online gaming bill makes a clear provision that no online gambling, betting and real money games will be allowed in the country. Banks and financial institutions will have to ban transactions related to such games. These platforms will be blocked under the Information Technology Act, 2000. The government says that this step has been taken to protect against problems like addiction, economic loss, fraud and money laundering.
… cricket industry will have an impact!
The biggest impact of the online gaming bill may have on the cricket industry and advertising sector. Dream11 received Team India’s title sponsorship for $ 44 million (about Rs 358 crore). At the same time, My11CIRCLE took IPL fantasy rights for five years for Rs 625 crore (Rs 125 crore annually). Experts believe that the advertisement sector can suffer a loss of about ₹ 17,000 crore due to the ban on rheum money gaming. This will affect the individual sponsorship of the players as well as the domestic leagues of kabaddi-football.
What is the provision of jail and fine?
The provision in the bill (Claus 9.1) is that if a person offers online money gaming service, he can be imprisoned up to 3 years or a fine of up to Rs 1 crore or both. Similarly (Claus 9.2) There is a provision of a jail of up to 2 years or a fine of up to Rs 50 lakh for advertising online money gaming. However, the player who plays real money games will not be punished and is considered to be a victim in this bill.
Overall, online gaming bill 2025 will open new opportunities for e-sports in India. At the same time, this bill is a big setback for the fantasy gaming industry and its associated advertising market.
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