Indian government has propose a self-regulatory mechanism, mandatory verification of players and physical Indian address for online gaming companies, as per the draft online gaming rules publish.
Online gaming companies will be cover under the new IT rules that were issue in 2021 for social media platforms.
The online gaming platforms are expect to comply with the laws of the land, including any such law that relates to gambling or betting or the age at which an individual is competent to enter into a contract.
As per Notice :
The draft amendments envisage that an online gaming intermediary will observe the due diligence require under the rules, “including reasonable efforts to cause its users not to host, display, upload, publish, transmit or share an online game not in conformity with Indian law, including any law on gambling or betting“.
The draft rules prescribe additional due diligence for companies by displaying a registration mark on all online games registered by a self-regulatory body and informing its users regarding its policy related to withdrawal or refund of the deposit, manner of determination and distribution of winnings, fees and other charges payable and KYC procedure for user account registration.
As per Notice :
The Ministry of Electronics and IT has invite public comments on the draft rule by 17th January 2023.