Online Gaming Companies Seek Clear Code Of Conduct, Sebi-Like Regulator
Financial Express Mumbai|December 06, 2023
NINE MONTHS AFTER the government notified new gaming rules, companies such as Dream Sports, Games 24×7, as well as industry associations, are seeking clarity on a code of conduct for the sector. The manner in which the notified rules will be implemented, a framework for responsible gaming and player protection, architecture on checking financial frauds, gaming certification, are some of the areas on which the industry needs a clear roadmap.
JATIN GROVER
Online Gaming Companies Seek Clear Code Of Conduct, Sebi-Like Regulator

The need for such a roadmap is felt because the government has mandated self-regulatory organisation (SROs) like structure to certify what is a permissible online real money game. The online gaming rules have left some key frameworks to SROs, with regard to defining the content of an online game in a view to safeguard users against harm, for safeguarding children, and other measures against financial frauds risk. However, the government is yet to notify SROs.

Among other things, the industry has also sought a Sebi-like regulator to regulate the online gaming sector.

Meanwhile, on Tuesday, the Internet and Mobile Association of India (IAMAI) along with All India Gaming Federation (AIGF) and E-gaming federation issued a voluntary code of ethics for online gaming intermediaries.

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