The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Featured

India’s Gaming Sector Urges Legislators to Aim for Responsible Gaming Regulation

by TLN Team February 28, 2022March 1, 2022
written by TLN Team February 28, 2022March 1, 2022
PureWin Casino Roulette

After Tamil Nadu’s persistent attempts to put blanket bans on online games, FICCI evoked the
creation of more progressive laws on online entertainment. Consumer protection can go hand in
hand with business opportunities, experts remind.

FICCI: Gaps in Legislation Hold Back Digital Industries, Betray Consumers

The Federation of Indian Chambers of Commerce & Industry’s gaming committee (FGC) used media outlets to publically question the firm stance of Tamil Nadu against online gaming. TN’s Chief Minister only recently reaffirmed his intention to “end online gaming”.

Urging a more pragmatic approach, the FGC pointed out that progressive policy cannot be based on blanket bans and stifling of digital market demand. FICCI’s expert council insists that ensuring player safety and creating a responsible gaming culture ultimately protects the public interest.

In early 2021, amendments to Tamil Nadu’s Gaming Act introduced complete bans on online games and real money roulette online. The move was struck down by the Madras High Court, quite like Supreme Court decisions had upheld the legitimacy of skill gaming across the Union.

Ali Coaching

In a repeated commitment to closely collaborate with authorities, FICCI proposed existing successful self-regulation principles as the basis of further legislation. Safe gaming and responsible business practices are in the interest of all stakeholders, and it brings social and economic benefits in the long run.

Blanket bans, however, offer no protection to consumers as black-market operators and unregulated online gambling platforms take advantage of the absence of legal alternatives on the market. Paying no taxes and having no Indian customer support, many offshore and mobile gambling apps end up causing damage at the expense of desi tech businesses and society at large.

Establishing a casino license in India goes a long way towards eliminating underground gaming. More importantly, it can channel players to government-verified Indian companies. Stable and forward-thinking regulation indeed protects players and legitimate operators by providing clear definitions on digital entertainment and responsible gaming.

Social and Economic Benefits of Regulation Cannot Be Ignored

There are numerous documented examples on how other well-structured markets have successfully applied online gambling regulations. Studies illustrate the significant positive impact that clear legislation has had on market stability but also on public tax revenues and employment opportunities.

India’s technology-driven sector has had a rough few years but is growing even in times of economic uncertainty. Legitimate digital businesses need government support more than ever and the responsible growth of the sector can be guided by well-thought regulation.

The public sector has plenty to gain in the shape of taxes, consumer protection and business growth. The gaming industry has already welcomed efforts to provide more transparency as it will stimulate investor interest, both domestic and foreign.

There are currently around 420 million active online players across the nation and not providing them legal guidance is certain to surrender the public interest to illegal offshore platforms and black markets. Without rules and quality standards, skill gaming and the related tech support will not be the only one paying the price. Desi consumers, their families and the public sector stand to lose much more if digital markets are not addressed with an open mind and commitment.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Short course on “Pathogenomics and Molecular advances in Zoonoses Detection” comes to an end at Nagpur Veterinary College, Seminary Hills, Nagpur
next post
Summer: Nagpur records 33.7 degrees Celsuis maximum temperature

You may also like

Only 1 square foot of your floor can...

May 26, 2023

Tata Salt Unveils ‘Tez Baccho Se Hi Toh...

May 26, 2023

How to Choose the Right Second Hand Bike...

May 26, 2023

Elevate your holiday looks with platinum jewellery from PLATINUM...

May 25, 2023

Empowering Indian Mothers: The Launch of Mother India...

May 25, 2023

PNG Jewellers Presents the Annual Necklace Mahotsav: A...

May 24, 2023

Birth Whisperer: Pooja Yadav, Unveiling Life’s Exquisite Genesis

May 24, 2023

Model Victoria Triay Makes a Stunning Appearance for...

May 24, 2023

Expert suggests simple morning tricks for digestive relief

May 23, 2023

Actresses redefine saree fashion with trendsetting flair!

May 23, 2023

Trending News

  • IPL 2023 Final: Gujarat Vs Chennai, winning team to get 20 crore

    May 28, 2023
  • World Cup cricket match will be held in Nagpur too

    May 28, 2023
  • PM Modi places historic ‘Sengol’ in new Parliament building,

    May 28, 2023
  • McLaren Unveils Artura, its First High-performance Hybrid Supercar in India at Rs 5.1 crore

    May 27, 2023
  • TTD alters rules to reduce waiting time for devotees at Tirupati temple; new rules to apply till June 30

    May 26, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

February 2022
M T W T F S S
« Jan   Mar »
 123456
78910111213
14151617181920
21222324252627
28  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.