India Intends To Impose Sanctions Against Gambling Online Business

Home » Casino News » India Intends To Impose Sanctions Against Gambling Online Business
November 23, 2022
2 minutes
9

India Flag

The advertising standards council of india (the advertising standards council of india) consults with regulatory authorities and the community to introduce new rules for platforms with cash rates of the rapidly developing sector of online games.

The goal is to inform users about the risks that they take on when participating in gambling games, possibly by referring to liability in advertising, in t.C. Ban on the show of minors who won money in games, or on the image of games as an alternative source of income.

In india, where each state can adjust the games independently, the legislative regulation becom an important task. Platforms have become more popular during a pandemic when sporting events and other meetings were prohibited.

The recent study of kpmg analysts has shown that in 2020 online games increased by 45 percenta, and to march, the database of users of games for money exceeded 365 million. More than 90 percent of indian online players playing their phones.

Another study of bernstein research showed that the pandemic accelerated the growth of the indian online market, which is expected to grow by another 37 percent and will reach $ 5 billion by 2022.

Analysts believe that the game segment for real money will grow by 40% and will be about 1.7 billion us dollars.

Source: focus asia pacific edition

    How do you rate India Intends To Impose Sanctions Against Gambling Online Business ?

    Your email address will not be published. Required fields are marked *