India has adopted a historic law that will curb gambling online in the wake of reports showing that close to 45 million individuals were losing an estimated $2.3 billion annually through gambling websites.
The law, dubbed The Promotion and Regulation of Online Gaming Bill, is a lawful way to run and promote or fund gaming apps. Violators face severe penalties such as fines, and jail sentences 5 to 10 years.
The decision comes as a result of rising concern about the harm that online gambling is taking on families and individuals. The most popular platforms for gambling, games on cards and fantasy sports, including cricket-based fantasy games had attracted millions of gamers and many found themselves in addiction and debt.
Officials stressed that the law was not designed solely to prohibit harmful gambling applications as well as to protect the public from financial ruin psychological stress, financial losses, as well as conflicts with family members that can be caused by addiction to gambling.
In addition the bill permits the regulation of secure and skill-based gaming platforms, with strict rules, opening the way for a safer online gaming experience.
With the passage of this law India is taking a strong position against gambling online and has demonstrated its dedication to the welfare of its citizens and responsible gambling. The authorities believe that this move will bring much-needed relief to thousands of families while reshaping the nation’s gaming sector online.
