Gaming Law Wrap
November 15, 2022
2022: a turning point for India's online gaming industry

 

This article was published in the latest issue of the @International Masters of Gaming Law magazine.

Summary

2022 has heralded a new era for India’s online gaming industry. Historically, real money gaming has been plagued with social and ethical concerns. However recently, the Indian Government has begun to recognize the gaming industry as a pillar of the Indian economy. Indian courts have also reiterated that offering online games of skill is a protected business activity. Indian gaming companies have achieved unicorn status and have been listed on the stock exchange.

On the flipside, there has also been greater scrutiny of the industry. There has been scrutiny of offshore gambling platforms offered remotely in India, and unlawful gambling advertisements, potential tax evasion and foreign exchange and money-laundering violations by gaming operators.

As the industry is poised towards central regulations, we recap some of the significant developments and enforcement actions driving the change in India’s online gaming industry today.

For complete article, please click here.


– Tanisha Khanna & Gowree Gokhale

You can direct your queries or comments to the authors

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

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Gaming Law Wrap

November 15, 2022

2022: a turning point for India's online gaming industry

 

This article was published in the latest issue of the @International Masters of Gaming Law magazine.

Summary

2022 has heralded a new era for India’s online gaming industry. Historically, real money gaming has been plagued with social and ethical concerns. However recently, the Indian Government has begun to recognize the gaming industry as a pillar of the Indian economy. Indian courts have also reiterated that offering online games of skill is a protected business activity. Indian gaming companies have achieved unicorn status and have been listed on the stock exchange.

On the flipside, there has also been greater scrutiny of the industry. There has been scrutiny of offshore gambling platforms offered remotely in India, and unlawful gambling advertisements, potential tax evasion and foreign exchange and money-laundering violations by gaming operators.

As the industry is poised towards central regulations, we recap some of the significant developments and enforcement actions driving the change in India’s online gaming industry today.

For complete article, please click here.


– Tanisha Khanna & Gowree Gokhale

You can direct your queries or comments to the authors

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.