Nithin Kamath suggests how to curb offshore betting apps mushrooming after real money gaming ban
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चर्चा में क्यों
Nithin Kamath proposed restricting domestic payment systems for offshore real-money gaming apps to prevent scams following the passage of the Promotion and Regulation of Online Gaming Act, 2025.
पृष्ठभूमि
The Promotion and Regulation of Online Gaming Act, 2025, banned all forms of online gaming involving real-money participation in India. The law removed the distinction between games of skill and games of chance, leading to the shutdown of paid operations by major platforms.
प्रीलिम्स के लिए तथ्य
- अधिनियम / विधेयकPromotion and Regulation of Online Gaming Act, 2025: Banned all forms of online gaming involving real-money participation.
- तथ्यThe 2025 Act eliminated the legal distinction between games of skill and games of chance.
- तथ्यOffshore apps are noted for operating outside Indian jurisdiction and potentially bypassing anti-money laundering rules.
मेन्स के लिए
Q. Discuss the challenges in regulating offshore real-money gaming platforms and the implications of removing the distinction between games of skill and chance.
उत्तर के आयाम
- Jurisdictional hurdle: Difficulty in enforcing Indian consumer protection and anti-money laundering laws on offshore entities
- Financial integrity: Risk of illicit money flows and scams through unregulated payment gateways
- Regulatory parity: Balancing the prohibition of real-money gaming with the preservation of the skill-based gaming industry
कीवर्ड: Regulatory arbitrage · Jurisdictional challenge · Consumer protection · Anti-money laundering · Skill vs Chance
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