The Indian online gaming market, one of the fastest-growing in the word, is expected to finally receive some more attention from the government as a proposal for a regulatory body is revealed.
The international media revealed that a panel of experts close to Narendra Modi, the Indian prime minister, recommended the development of a regulatory body that would govern online gaming in te country.
The panel comprises the Ministers of Revenue and Sports, and it recommended that the regulatory body would classify online games in two categories: games based on skill and games based on chance.
That would finally end the debate on which games fall into which category and would clarify the regulatory framework. Moreover, online casinos and online sportsbooks will fall under stricter scrutiny.
The industry has immense growth potential in India, and that was proven by big foreign investors such as Tiger Global and Sequoia Capital, which invested into gaming startups such as Mobile Premier League and Dream11, very popular among cricket fans.