Online Gaming Bill : After passing in Lok Sabha and Rajya Sabha, the President has now approved the online gaming bill. Since the President’s approval, the online marigold bill has now become law. Let us know that under this bill, a legal framework has been prepared in the country regarding e-sports and online games. After this new law, the games played with online money have been stopped. This decision has affected the country’s largest gaming companies.
Let me tell you that this bill was introduced in Lok Sabha on Wednesday and Rajya Sabha on Thursday and it was passed from both houses. In this bill, e-sports and social games have been given relief, while online money games have been completely banned.
Real money games will be controlled
After the enactment of this law, e-sports and online social games will be boosted, while real money games will be banned. Let me tell you that the real money games i.e. such games, in which the greed to earn more money by investing money. It is worth noting that the Real Money Game Industry had earned $ 2.4 billion in the financial year 2024, which is a large part of India’s entire gaming sector earnings of $ 3.8 billion. At the same time, violating this new law can impose a three -year jail or a fine of up to one crore rupees.
Who will stop with the new law?