Karnataka’s proposed online gaming ban a setback to the gaming industry, experts say
The Hindu
India is the fourth largest online gaming market in the world, and gamers in India are expected to grow from 360 million in 2020 to 510 million in 2022. The move is likely to cause a setback in the $1 billion gaming industry.
Last week, the Karnataka proposed a ban on online games involving betting and wagering, emphasising on “any act or risking money, or otherwise on the unknown result of an event including a game of skill”. The state government said .
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Karnataka's move to ban games involving skills could prove detrimental to the revenues of large gaming platforms such as Dream11. This is in contrast to existing gambling laws in India, such as the ones in Telangana and Andhra Pradesh, that are dependent on chance, Puneet Bhasin, a Mumbai-based lawyer, told The Hindu.