Online Gaming Regulations: The Ministry of Electronics and IT (MeitY) has released new rules for online gaming that prohibit any game that involves betting and wagering, and entail a framework of multiple self-regulatory organisations (SROs). Following the statement, we have seen several Esports individuals reacting on the same. One such response has come from Dr. Subi Chaturvedi, Global SVP, InMobi Group.
MeitY statement on the Regulations
“The moment online gaming trespasses into involving betting and wagering regardless of the core content of the game, then it comes into conflict with these new rules,” Minister of State for IT Rajeev Chandrasekhar has informed.
“We are dealing with a framework that allows for all online gaming to be determined as permissible or not by an SRO, and there will be multiple SROs,” Mr Chandrasekhar said.
Dr Subi Chaturvedi, Global SVP, Chief Corporate Affairs and Public Policy officer, InMobi Group statement on notification of Online Gaming Rules
“The Ministry of Electronics and Information Technology’s announcement of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 for online gaming is a significant milestone for the online gaming industry in India. It provides regulatory clarity, acknowledging the long-standing demands of gamers and industry professionals.
The new guidelines will promote innovation, boost Create in India and Brand India, and give the much-needed impetus to India’s Techade. It will ensure the responsible and transparent growth of the industry, safeguarding consumer interests while curbing the proliferation of illegal offshore gambling sites.
We commend the government’s open and transparent approach towards evidence-based policymaking, and its engagement with various stakeholders across the online gaming ecosystem. It is a decisive step towards creating a better future for the online gaming industry in India, supporting the growth of a $1 trillion digital Indian economy.
We believe that this regulatory clarity will be a game-changer for the industry and are excited to see the positive impact it will have on the online gaming industry in India through regulatory certainty, investor confidence bringing FDI and tremendous job creation. We look forward to working with the government and industry stakeholders to build a thriving ecosystem for online gaming in India and unlocking the 8 billion dollar global opportunity for India.”
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