New Bill to Regulate Online Gaming Platforms in India

The Union Cabinet has approved a bill to regulate online gaming platforms, particularly those involving real money. The bill addresses the mental health risks, money laundering, and fraudulent activities associated with online games. Table intended in Parliament, it aims to fortify state regulations on illegal betting and gambling.

The Union Cabinet has given a nod to a crucial bill focusing on the regulation of online gaming platforms, specifically those involving monetary transactions, an insider revealed on Tuesday.

Expected to be presented in Parliament by Wednesday, the bill aims to confront significant mental health concerns among players, especially in games promoting real money incentives, the source added under anonymity.

This legislative move follows observations that online money gaming could serve as a gateway for money laundering, fraudulent financial activities, and cybercrime. Current legal infrastructures give states and Union Territories the main responsibility in curbing crimes related to illegal betting and gambling.

(With inputs from agencies.)