Online gaming regulation: New rules to take effect from October 1; government stresses consultative approach with industry

New online gaming regulations are set to be implemented from October 1st, according to Union Minister Ashwini Vaishnaw. The government has engaged in extensive discussions with stakeholders, including gaming companies and banks, to finalize the rules. The legislation aims to promote e-sports while banning harmful money-based gaming and associated financial activities, with penalties targeting providers and promoters rather than players.