The draft rules for online gaming will be incorporated into the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, after considering feedback and making amendments.
What are the provisions?
Strict regulation of the industry –
Criticism of the provisions –
Way forward –
There is a strong argument in favour of allowing transparent legal betting and levying taxes instead. The government could also consider lightening up on the appointment of compliance officers, for instance, perhaps by setting a threshold revenue for such requirements.
Source – Business Standard
QUESTION – The regulation of a nascent industry like the online gaming is important but the government should resist from over-regulating it. Discuss in light of the recently released draft of rules regulating the online gaming industry.