New Delhi, Aug. 19 -- The Union Cabinet on Tuesday approved the Online Gaming Bill, aimed at regulating the fast-growing digital gaming sector and curbing online betting.

India Today reported citing sources that the Bill is expected to ban all money-based gaming transactions once it comes into effect.

Key proposals under the legislation

The proposed Regulation & Promotion of Online Gaming Act bars banks and financial institutions from processing or transferring funds for real-money games.

It also seeks a blanket ban on advertisements promoting such platforms, while encouraging e-sports and non-monetary skill-based games. Strict penalties are planned against unregistered or illegal operators.

The legislation is likely to be introduced...