New Delhi, Aug. 19 -- A new bill to be tabled in the Lok Sabha shortly seeks to ban all online games involving any monetary transaction, irrespective of whether these are fantasy sports or involve gambling.

Online gaming companies such as Dream11 promoter Sporta Technologies, RummyCulture's Gameskraft, and My11Circle's Games24x7 are expected to be the worst hit-possibly to the point of shutting shop.

The Ministry of Electronics and Information Technology (Meity), in discussion with the Ministry of Home Affairs (MHA), is likely to table the bill in Parliament on 20 August, following which it will go through the due process of law enactment before becoming law.

The proposed legislation, called The Promotion and Regulation of Online Gamin...