Android maker Google on Friday said it will start allowing all real-money games on its Play Store marketplace, as long as they are not illegal under local regulations.
The move follows a September 2022 pilot allowing online rummy games and what Google classified as ‘daily fantasy sports’, and will be brought into effect after the pilot ends on 30 June.
The move was welcomed by the online gaming industry, which is reeling from demands of more than ₹1.5 trillion ($18 billion) from India's tax regulator.
However, there could be concerns over the kinds of commissions that Google would charge from real-money games. A blog-post published on Thursday by Karan Gambhir, director of global trust and safety partnerships at Google, said the company will be "evolving (the) service fee model for RMG (real money gaming) to reflect the value Google Play provides, and to help sustain Android and Play ecosystems".
Denne historien er fra January 13, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 13, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Steering clear of Trumponomics would serve other countries well
The US president-elect's policy plans will hurt more than help the US and policymakers elsewhere must recognize the risks
Welcome Elon Musk, shadow president-elect of the US
Nobody can predict what part of his inner self will show up as he takes on a new role in the government
Saudi Arabia's popular culture is changing with liberalization
Riyadh's moves to open up the kingdom have had a positive impact
India's slowdown awaits a well-crafted response
The second-quarter loss of economic pace has underlying trends that risk reinforcing its key causes. Indian policy must support private investment, employment and consumption
A right that women don't have is the right to mediocrity
It's not just Harris. Women are judged far more harshly than men for not being exceptional
Not Goa, this techie picked Da Nang for beach holidays
Harsh Vardhan has been to Vietnam thrice in two years, the latest trip was for his honeymoon
EPF users to receive interest till the date of settlement
Members of the Employees' Provident Fund Organisation (EPFO) will now earn interest till the date of settlement of their claims.
Social movements need to lead India's fight against air pollution
We must generate the social capital required for people to act collectively towards a common cause
RETHINKING SME IPOs: SEBI STEPS IN TO ADDRESS MISUSE
Sebi's effort to streamline SME IPOs is laudable but liquidity must also be a key focus area
Repatriating FCNR deposits: What NRIs need to know after becoming residents
When NRIs (non-resident Indian) change their status to resident Indian, is it possible to repatriate the funds from FCNR (foreign currency non-resident account fixed deposit (FD)) for free, without it being subject to regulations of the Liberalised Remittance Scheme (LRS)?