The online skill gaming industry has collectively recommended the NITI Aayog to set up a single self-regulatory body to standardise regulations governing the entire skill gaming industry.
The recommendation follows a draft report titled 'Guiding Principles for the Uniform National-Level Regulation of Online Fantasy Sports Platforms in India' wherein the NITI Aayog has suggested the setting up a single, self-regulatory body for fantasy sports.
Like fantasy sports, India's skill gaming industry suffers from the same byzantine set of state-by-state laws and regulations. "It is a brilliant move to have fair regulations for the online skill gaming industry which is estimated to be around Rs 5,250 crore, according to KPMG. But at the same time, it is paramount to understand that fantasy games are only a part of the entire skill gaming industry. There is an equal, if not a larger need, to regulate the broader skill gaming industry." Sameer Barde, CEO, The Online Rummy Federation said in a statement.
Source : IANS