Fantasy Akhada News Today

Around 130 online gaming companies and industry associations, including Mobile Premier League (MPL), Nazara Technologies, Gameskraft Technologies and Winzo Games, have jointly appealed for reconsideration of the GST Councils recommendation to impose 28% tax on the full face value of online gaming.

28% GST will be imposed on online gaming, horse racing, and casinos turnover. The tax would be levied on the entire value.

The ministry of electronics and information technology (MeitY) has received at least three proposals for the formation of self-regulatory organisations (SRO) for online gaming. The deadline for the submission of proposals was July 6.

Industry associations such as E-Gaming Federation, All India Gaming Federation and Federation of Indian Fantasy Sports contend that while certain online games are permissible under central rules, the states may still go ahead and ban them.

Experts believe that guided by agents, celebrities often don't use discretion while promoting products

This week, Indian startups have managed to raise $178 Mn across 18 deals, a 451% jump from $32.3 Mn raised last week across 16 deals

This government set up panel will be responsible for promoting online gaming and framing regulatory mechanisms for the segment, protection of gamers, ease of doing business, and more.

NEW DELHI,  May 26:  The government has set up an inter-ministerial panel to work on regulations for the online gaming industry and identify a nodal ministry to look after the sector, an official source said on Thursday. The seven-member panel includes government think-tank Niti Aayog’s CEO as well as secretaries of home affairs, revenue, industries and internal trade, electronics and IT, information and broadcasting and sports. The panel will look into various aspects to promote online ...

India is today the world’s biggest fantasy sports market with a user base of over 13 crore, according to a report by the Federation of Indian Fantasy Sports (FIFS) in collaboration with Deloitte.

Mohali (Punjab) [India], April 6 (ANI/PRNewswire): XOR Labs, a Chandigarh-based performance marketing agency, has renewed the mandate for performance marketing for Fantasy Akhada for another year, after having worked with the brand for 12 months now.