The online gaming industry has demanded the government to set up a self-regulatory body. Industry says not only fantasy sports, but standard regulation is needed for the entire online skill gaming sector. The Online Rummy Federation said that like fantasy sports, the entire skill gaming industry of India is bound to face different rules and laws state-wise.
The skill gaming industry needs uniform regulation on a large scale. The NITI Aayog has recently advocated to set up a self-regulatory body for online fantasy sports. Also suggested that people below the age of 18 should not be a part of such gaming.
Deepak Gulapalli, CEO, Head Digital Works, said that the gaming industry in India has attracted many investors and supported development. Being a self-regulatory body will end many uncertainties faced by foreign investors and open the way for foreign investment of billions. This will also create employment and increase tax revenue.
On the contribution of the skill gaming industry in the path of development, Games 24 Buy 7 co-founder and CEO Bhavin Pandya said that the sector has the potential to become a better and responsible medium of entertainment. He said that fantasy sports and other skill gaming have a lot in common. The NITI Aayog draft should cover the skill gaming industry on a broader scale.
