India Moves to Ban Real-Money Gaming, Threatening $23B Industry
India is set to impose a nationwide ban on real-money gaming after the lower house of Parliament approved a proposed law. The bill aims to curb financial and gambling-related harms by banning platforms offering games involving monetary stakes. It poses a direct threat to a thriving industry worth an estimated $23 billion, including popular online games like fantasy sports and online rummy. Industry stakeholders warn of widespread job losses and investment setbacks if the legislation is passed into law.
This marks a pivotal moment for digital gaming regulation and could reshape the global online gaming landscape.
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