According to a report by CNN News18, the Union Cabinet has approved a bill to regulate online gaming, a move seen as negative for listed and unlisted gaming companies.
The proposed legislation includes provisions for penalties and punishments for online betting activities, marking the government’s latest step to tighten oversight on the fast-growing sector. While further details of the bill are awaited, initial reports suggest stricter compliance requirements for operators of real-money and betting-linked platforms.
Market participants are closely watching for clarity on how the new law will impact revenue models of online gaming firms. The bill is expected to be introduced in Parliament during the ongoing session.
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