The ‘Promotion and Regulation of Online Gaming Bill’ has passed in the Lok Sabha. It can end online gaming platforms, which has a lot of popularity in Indian cricket. Its purpose is to completely ban real money games and batting apps. Although ESPORS and Social Games have received permission, strict steps will be taken against betting.

The online gaming bill aims to create a legal framework for the digital gaming sector and also to secure the possible threat of players. Experts associated with the sports world have raised doubts about its results. Reports said that cricket is very famous in India, there will be no shortage of sponsors for Indian cricket and its institutions. The reason for this online gaming bill is the lack of permission to sponsor individual fantasy gaming platforms.

The report said that will we continue to show advertisement of a fantasy game application, which includes real money? If the player has received money for an advertisement and allows him to use real money, then what will happen to the amount given for the advertisement?

Online gaming bill will also affect IPL?

The official fantasy sports partner of the Indian Premier League is ‘Dream 11’, it has made a new contract with the online gaming platform ‘My 11 Circle’. Dream 11 has taken the title sponsor of the Indian cricket team for about 44 million dollars (about 358 crores). At the same time, the fantasy gaming right of IPL has been bought for ‘My 11 Circle’ for 5 years for Rs 628 crore (about Rs 125 crore per year). Apart from this, India’s top cricketers (former cricketers and currently playing cricketers) have also made personal agreements with gaming platforms.

There may be 3 years in jail

3 -year jail or a fine of Rs 1 crore can be imposed for offering online money gaming or facilitating them. There is no ban on eSports and social games. However, there should be no transaction of any kind of money in it. The government said that it has been brought keeping in mind the safety and mental health of the youth.