Online Gaming Bill Passed | Real-Money Games Banned, What It Means For India’s Gaming Industry

Parliament on Friday cleared the Promotion and Regulation of Online Gaming Bill, banning the operation, facilitation, and advertising of online games played with real money. The bill, passed by voice vote in the Rajya Sabha after Lok Sabha approval, makes online money gaming punishable with up to three years in prison and/or a fine of up to Rs 1 crore. Minister Ashwini Vaishnaw likened money-gaming addiction to drug addiction and warned of challenges from powerful industry players, including court cases and social media campaigns. He also highlighted concerns over the misuse of gaming revenues to fund illicit activities. #BusinessToday #AshwiniVaishnaw #OnlineGaming #IndiaGaming #GamingBill #OnlineMoneyGames #GamingRegulation #MoneyLaundering #GamblingLaws #FantasySports #IndiaTech #DigitalIndia ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook:   / businesstoday   twitter:   / business_today   Instagram:   / business_today