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.
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.
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.
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:
Moneycontrol with Trivikraman Thampy (games 24*7)
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?
<Talk to an expert today>
Keep yourself updated with the latest innovations in BGV & Authentication Technology from India's leading Background Verification Company.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.