India, Aug. 20 -- The online real money gaming industry in India is once again at a flash point. And this time its very survival is at stake.

While the imposition of 28% GST in 2023 shook the industry, it managed to survive the storm with minor damages. However, it is facing an existential crisis now, as the Centre has proposed to ban real money gaming in the country.

More than $3 Bn has been invested in the Indian real money gaming space, which houses unicorns like Dream11, MPL, and Games24x7, to date. Besides the loss of investment, an estimated 2 Lakh employees are now staring at an uncertain future.

After the Union cabinet cleared the "The Promotion And Regulation Of Online Gaming Bill, 2025" yesterday, the Bill was tabled in the L...