Letter to the Editor
Regulate online gaming
The NITI Ayog has released a draft report titled ‘Guiding Principles for the Uniform National-Level Regulation of Online Fantasy Sports Platforms in India’ and mentioned that there is a public interest in the fantasy sports industry receiving the government recognition as an industry and having its own identity.
In this matter, the online gaming industry has requested the government to set up a self-regulatory body to standardize regulations for the entire online skill gaming sector and not just the fantasy sports industry.
The Online Rummy Federation stated that India’s skill gaming industry suffers from the same Byzantine set of state-by-state laws and regulations. A common self-regulatory body will result in the removal of a lot of uncertainty for foreign investors, spur foreign investment to the tune of a few billion dollars, drive innovation, employment, and taxes. The need of the hour is that the NITI Ayog should include all skill gaming sectors in this draft and regulate the whole online gaming industry.
Amit Singh Kushwaha, Satna (MP)