Karnataka, a major Indian gaming hub with over 1.4 crore gamers and a $5 billion skill gaming economy, is progressing a significant new bill.
This legislation seeks to regulate online betting by clearly separating games of skill from games of chance, offering much-needed regulatory certainty.
The E-Gaming Federation, a key industry voice, welcomes the initiative of regulating online gaming, stating it's a "welcome step toward regulatory certainty." This distinction is vital because it establishes user safeguards.
Skill games, relying on a player's knowledge and experience, offer inherent control, unlike pure gambling.
Recognizing skill games fosters responsible innovation and attracts legitimate investment.
Moreover, the bill's plan to incentivize whistle-blowers against illegal activities is a strong move.
This could pave the way for a national "whitelisting" framework, encouraging compliance and bolstering the integrity of the online gaming ecosystem.
This regulatory clarity is crucial for both consumer protection and the responsible growth of the legitimate skill-gaming industry.
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