Afghanistan, Aug. 20 -- India will ban online money gaming under a draft bill, aiming to curb addiction and financial harm despite strong investor interest in the rapidly growing industry.
India is considering sweeping legislation to ban online games involving money, a move that could disrupt a booming sector projected to be worth $3.6 billion by 2029. Reuters reported on August 20 that the draft bill, reviewed by the outlet but not yet released publicly, outlines strict prohibitions against offering, promoting, or participating in such games.
The proposed 13-page legislation defines online money games as platforms where users deposit funds in the hope of winning cash or other financial rewards. It states that no individual or company wil...