India’s government to propose blanket ban on real-money gaming
Real-money gaming companies are reeling as India moves to propose a blanket ban on their operations under a new legislation. The Indian government plans to prohibit real-money games — whether based on skill or chance — under its proposed online gaming regulation, per a draft seen by TechCrunch, which was also verified by three sources, including one consultant with the Indian IT ministry and two people working closely with the Indian government and real-money gaming companies. Proposed to be called The Promotion and Regulation of Online Gaming Act, 2025, the legislation would restrict online games involving real-money stakes and outlaw both their advertisements and financial transactions. “No bank, financial institution, or any other person facilitating financial…
