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Centre Mulls Framework For Indian Gaming Industry

According to reports, the Government of India is planning to bring the Indian online gaming industry under a unified central framework, replacing the existing state laws that currently govern online gaming platforms. This move aims to streamline regulations, ensure consistency, and promote responsible gaming while fostering growth in a rapidly expanding sector.

At present, online gaming in India is governed by a patchwork of state laws, leading to regulatory uncertainty. Different states have their own interpretations of what constitutes gambling versus skill-based gaming, resulting in a fragmented legal landscape. 

The Indian gaming industry has witnessed explosive growth, with an estimated worth of over $3 Billion, and projections suggest further expansion. To sustain this growth, precise and uniform regulations are necessary. The government’s plan to bring gaming under a single central law seeks to resolve these challenges and create a stable regulatory environment.

This is the latest salvo that the Indian Government has fired towards the Indian online and real-money gaming industry. Real money gaming has a checkered history in the country, with some states outright banning the activity while others, like Goa, allow off-shore casinos.

For obvious reasons, states that enable poker and real-money gaming boost tourism. However, with the government considering a central law, states might lose the freedom to decide whether to allow these activities within their territorial boundaries. We will keep you updated about any developments in this story.

A central law governing online gaming might seem the best approach going forward, but several creases need to be cleared before any of this works.

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ALSO READ: Gaming Industry Approaches Supreme Court Against Retro GST Tax Demand

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The industry is already waiting for bated breath for a solution for the retro-GST tax payment requirement, where they were to pay 28% GST on all deposits, something that the Supreme Court stayed.

Gutshot Magazine provides all the latest updates on the real-money gaming and poker industry. We also have exclusive coverage of poker tournaments, from tournament itineraries to interviews with some of the industry’s biggest names. We also monitor any government and federal decisions that might impact the poker industry.

For more updates from the poker world, keep reading GutshotMagazine.com. Follow us on Facebook, Instagram, Twitter and Telegram.

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