Prime Minister for Prime Minister Narendra Modi-Mored is ready to ban online games played with money. The proposed bill will be moved today in Lok Sabha. If it was approved in parliament, this step would, according to the news agency, hit a heavy blow to an industry that attracted billions of dollars of foreign investments.
The bill – “promotion and regulation of the online game law 2025” – cites psychological and financial damage that can be caused by such games and says that no person “helps, helps, provokes or otherwise deals or deals” with online money and such services. “List of government companies 20 and 21 August” in Lok Sabha includes the introduction of the bill.
BLOP BAN FOR ONLINE GAMES IN REAL MONEY
The proposed law, cleaned by the Union’s cabinet, would impose a blanket on all online real money services where users can play games after saving money in the form of a share or bet. According to reports, this step is due to growing concerns about alleged money washing through these services.
The 13 -page law proposed by the Ministry of Electronics and Information Technologies of the Union (Meity) describes the online money game as one that played money that puts money in anticipation of victory in monetary and other enrichment, the press agency said. The Minister of Electronics and Information Technologies Ashwini Vaishnaw is to plan to move the account in Lok Sabha.
Addictive nature of online games,
“The absorbing and addictive nature of online games, especially cash incentives, has led to significant problems with mental health among users – especially children, adolescents and young adults,” the ministry said in the proposed law.
$ 3.6 billion on the market 2029
“Clinical evidence and field studies have shown an increase in anxiety, depression, sleep disorders and problems associated with prolonged play.”
The Indian market for such games is $ 3.6 billion by 2029, says Lumikai’s risk capital company.
Accompanches of celebrities from cricket, Bollywood and other marketing efforts have increased the attraction and interest of investors in gaming game applications.
In a letter to the Ministry of Home, Union said this week that the main bodies of the gaming industry stated that the blanket would hit a “deadly button” for a legitimate employment industry.
Three -year prison, £1 kr
The government disables any person to offer online money in real money and fails to comply with a prison for up to three years and a fine £1 crore.
Those who promote such platforms, including influencers of social media, could also face the prison period for two years and a fine £50 Lakh.
“Such games often use manipulative design functions, addictive algorithms … and at the same time support compulsive behavior leading to the financial ruins,” the bill said.
However, the government considers the competitive development of e-sports and game development as a key driving force of the online game industry and wants to promote them through the proposed law, Indian Express said in the report.
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