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Illegal betting apps exploit loopholes in regulations to promote themselves extensively on social media, and even on public transportation and hoardings across the country
AIGF's Roland Landers urges swift action against offshore illegal betting, causing a USD 2.5 billion annual loss. Concerns include user harm, lack of GST, IPL ads. Urges prompt SRO implementation for distinguishing legitimate platforms.
Budget 2024 Expectations: Some experts said progressive allocations should be made towards the sector in the upcoming union budget, including towards the implementation of IT Rules for online games and the establishment of self-regulatory bodies.
Google has made a big announcement: it will now allow a wider range of real-money gaming (RMG) apps in the Play Store and will be charging service fees for them. The internet giant intends to launch this project in India, Mexico, and Brazil starting in June 2024 with the goal of giving developers worldwide access to new economic prospects.
Google's Play Store will now allow a wide variety of real money gaming (RMG) apps on its platform in India, Mexico, and Brazil. This change is expected to boost the distribution of RMG apps and help MSMEs and new developers compete with established companies.