April 17, 2023

New Online Gaming Rules: Meaning and Impact

The Ministry of Electronics and Information Technology (MEITY) introduced ‘new online gaming rules’ on 6th April 2023 suggesting amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 addressing key proposals like self-regulatory body(SRBs), mandatory know-your-customer norms, and a grievance redressal mechanism.

The government started with an initial framework to regulate Real Money Gaming (RMG), which has now evolved into a framework that can regulate the entire online gaming ecosystem for wagering and child addiction. The gaming industry hails the government’s bid to curb misinformation calling it the first step in the direction of recognition of the online gaming market in India. With a huge market potential in India, the framework will help startups/innovators in the gaming industry while prohibiting wagering or betting.

What is an online gaming intermediary?

An online game is one that “is offered on the internet and is accessible by a user through a computer resource. An “online gaming intermediary” means an intermediary that offers one or more than one online game.

What is a Self-regulatory Body (SRB)?

SRB is a non-government self-regulatory body created to facilitate a safer gaming experience.
An SRB will have gamers, child rights representatives and educators. These SRO will evolve to work on ways to allow or deny permissions based on the guidelines in order to prohibit wagering and stop child addiction. These SROs will also safeguard users against the risk of gaming addiction, financial loss and financial fraud.

What should a gaming company needs to do?

Ensure a robust KYC mechanism for all the players
Ensure registration with a self-regulatory body
Random number generator and no bot certificate for fair practices
Appointment of a compliance officer, nodal officer and a grievance officer
Inform the users of rules and regulations, privacy policy, refund and withdrawal policies
Clear terms of distribution of winnings and fees or other charges payable by the user

Impact of these new gaming rules

The introduced rules and regulations are bound to shape the future of the gaming industry in India. This change will be a boost for entrepreneurs and startups to reach their full potential. Here are the 5 things we can expect:

Recognition: The gaming sector will have its much-due recognition as a key industry with a huge market potential.
Consistency: With this move from the central government, the rules will clear the air around rules which earlier varied from state to state.
Fairplay: Installation of SROs in the framework will help companies abide by compliance around AML, player KYC, and reward distribution.
Wagering: These rules will clearly set apart the games under the purview of wagering and will help differentiate between permissible games vs not permissible ones.

How is the industry responding to these rules?

Moneycontrol with Trivikraman Thampy (games 24*7)

These rules set apart legit games from untrustworthy ones for the customers.
Illegal and harmful games, operated offshore/unrecognized will not get registered with SROs.
The self-regulatory model addresses the concern of recognition of the ‘games of skill’ by different state governments.
This framework will help SRO regulate games for process compliance like player kyc, and no bots to ensure fair play & distribution of rewards.

Safer Gaming Experience with AuthBridge

AuthBridge welcomes the move from the centre and advocates the safety of players as well as businesses in online gaming. We continuously strive to bring trust and transparency to business transactions with the help of data and due diligence.
With our verification solution for online gaming suited for complex individual verification to business due diligence, we have helped a number of gaming clients stay compliant with the norms and offer a safer gaming experience.

Learn how Authbridge played a pivotal role in helping Dream11 grow its player base by 300% this season

Interested in learning how Authbridge can help your company achieve compliance and be future-ready?

iBridge 2.0 – The Next-Gen background verification Platform

iBridge 2.0 is a next-generation background check solution that offers a modern and pleasant experience for users. Unlike other background check solutions, iBridge 2.0 is designed to be user-friendly and easy to navigate, with real-time checks that can help you get the information you need quickly and efficiently. It includes a gamut of advanced functionalities to make background verification seamless.

Enhancements like verification TATs charts, real-time updates and customizable packages & reports, make it a top choice for HR Ops and CHROs for businesses of all sizes.

Need for a next-generation background verification

Hiring processes have transformed drastically in the recent past The core objective BGV process is to ensure trust between the employer and the candidate. Speed and accuracy play a pivotal role in achieving operational efficacy while maintaining the sanctity of data, process compliance, and security. With real-life challenges like the misrepresentation of data, identity fraud, and document spoofing business demand much more stringent frameworks for screen & hire the right talent.

Everything you need on a single platform

iBridge 2.0 offers an intuitive user interface with a ton of customization capabilities made to fit right into your BGV process. It keeps in mind all the needs of a hiring manager like, visibility, trackability and ease of use throughout the process.

Here is a sneak-peak into what iBridge brings to the table:

Custom Screening Workflows

With diverse verification needs for different roles, we understand the need for a custom screening process. Going by the manual route becomes tedious while leaving scope for human errors.

iBridge 2.0 enables the admin to configure custom workflow for different candidate groups.
Share with your team and use these preconfigured workflows to nudge the candidate into the appropriate verification flow.

Improved Trackability With a Holistic Dashboard

As an HR Op or as a CHRO, we understand how crucial it is to keep tabs on key business metrics. Here is how iBridge 2.0 dashboard provides the visibility and trackability you need:

Summary view of the cases by their progress status to keep track of the overall pipeline.
Tracking BGV completion is super easy, you can slice and dice the data weekly, or monthly to analyze cases completed, pending or in progress.
Activity feed gives you updates in real-time as and when an action is taken.
The severity chart helps you understand the information discrepancies with respect to the type of check conducted to generate red, amber or all-clear reports

Minimize Manual Efforts With Bulk Actions

While hiring at scale, it takes a lot of valuable time for the HR Ops to input all the necessary information for each candidate, and follow up with them individually. You wished that could have been avoided. Well, say no more…

Invite all your candidates to start their verification process with just a .csv file upload
Remind all the candidates if they are running behind the schedule with a click of a button.
Reviewing has never been easier, give sign-off for background checks with a single click.

Gauge Efficacy with Custom and Prebuild Reports

Measuring the success of background verification progress is often a major challenge for the CHROs. With limited information available to the team, figuring out key operational challenges and solving them becomes next to impossible. With iBridge, you can do it all

iBridge 2.0 offers you prebuilt report templates for your ease to look at key business metrics
It also offers you the complete flexibility to customize your report to fit your business needs
Two types of reports are offered as prebuilt templates on iBridge 2.0
- BGV reports help you to understand the overall progress and slice the data based on a number of parameters like; check-wise, Work in progress or Cost of approvals
- Operational reports help you look at operational challenges like pending forms, login expired and pending sign-offs and solve for them

Going above and beyond with advanced BGV checks

iBridge 2.0 stands apart from the competition with its advanced verification capabilities to become a truly comprehensive background check solution.

Conduct real-time and TAT-based checks right from one platform.
Be remote-ready, with digital address verification with geotagging.
Stay fraud free with features like liveness detection, OCR and face-match against proof of identity.
Conduct real-time checks against the government and proprietary databases for speed.

Modern UI with Integration Options

Improving user experience has been a central objective of the evolution of iBridge 2.0. It has been designed keeping in mind the needs of its users. It offers an intuitive interface with ease of navigation to get things done.

To offer a seamless experience across devices, iBridge 2.0 is device agnostic by default.
Flexibility to switch sections for candidates along with a progress tracker visible all the time.
FAQs and self-help guide be there if you may need assistance anytime on the platform
iBridge 2.0 is seamlessly integrated with top HRMS like Darwinbox, Zoho, and ZingHR along with Open API-based Integration options.

iBRIDGE 2.0 – The Next-Gen Background Verification Platform

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