New Delhi, Aug. 20 -- The online gaming industry has raised alarm that the government's proposed Bill seeking to ban all real money games, including those based on skill, could result in massive job losses and closure of companies.

Industry bodies have written to Home Minister Amit Shah urging urgent intervention to protect responsible Indian gaming platforms.

In a joint letter, the All India Gaming Federation (AIGF), E-Gaming Federation (EGF) and the Federation of India Fantasy Sports (FIFS) said that the Bill, if passed, would "destroy over 2 lakh jobs, result in over 400 companies shutting down, and weaken India's position as a digital innovator."

The bodies stressed that the move would strike a "death knell" for a legitimate, fast-...