Fantasy gaming will now be banned, Online Gaming Bill gets President's approval

Online Gaming Bill Gets President Approval: The Online Gaming Bill was passed during the recent monsoon session of Parliament. The Online Gaming Promotion and Regulation Bill, passed by both the Houses of Parliament, Lok Sabha and Rajya Sabha, has now got the President's approval. With this, the way to ban fantasy gaming apps has now been cleared. Also Read: Sri Lanka's ex-president Ranil Wickremesinghe arrested over alleged misuse of government funds

With the President's approval, it has now become a law and its provisions have come into force. After the implementation of this law, fantasy leagues, card games, online lottery, poker, rummy and betting have been completely banned. It is worth noting that the Promotion and Regulation of Online Gaming Bill was passed by the Lok Sabha on August 20 and the Rajya Sabha on August 21.

Fantasy gaming will now be banned

This bill was introduced in both the houses by IT Minister Ashwini Vaishnav. The country's online gaming industry has suffered a major setback with the introduction of this law. Fantasy gaming apps like Dream 11 and My Eleven Circle have banned real money games on their platforms. The online gaming industry in the country is estimated to be worth $3.8 billion. The future of this industry is in danger due to the new law.

Online gaming industry in country is estimated to be worth $3.8 billion

It is worth noting that while presenting this bill in Parliament, IT Minister Ashwini Vaishnav had said that there are three segments of online gaming. He had said that the government will promote two segments, real money gaming will be banned. The IT Minister had described real money gaming as a big challenge for the society. Also Read: Bihar SIR Row: 22 lakh voters are dead, but why are 7 lakh double… SC question EC on SIR

Summary

IT Minister Ashwini Vaishnav said that when the government has always given priority to the society and in this bill too we have chosen the society. Ashwini Vaishnav had also quoted media reports related to suicide figures in Karnataka.