Latest news with #KarnatakaPoliceActof1963

Time of India

AIGF Wants Framework to Curb ‘Menace of Offshore Gambling'

HighlightsThe All-India Gaming Federation has urged for a national framework to address the issue of offshore gambling platforms that operate outside of India's jurisdiction. Karnataka plans to introduce a bill to amend the Karnataka Police Act of 1963 to establish an online gaming and betting regulatory authority aimed at banning online betting on games of chance. The proposed amendment will prohibit all forms of online betting, wagering, or gambling involving games of chance while allowing licensed firms to operate games of skill. The All-India Gaming Federation (AIGF) has called for a national framework to curb the 'menace of offshore gambling platforms ' that operate beyond India's jurisdiction while hailing Karnataka's plans to set up an online gaming and betting regulatory authority. The southern state has planned to move a bill in the upcoming session of the legislature to amend the Karnataka Police Act, 1963, to set up the authority and define its role. 'While we applaud the state government's initiative, we also believe that state-level laws alone may not be sufficient to curb the growing menace of offshore gambling platforms, which operate beyond India's jurisdiction, offer no consumer recourse and are emerging as one of the biggest national security threats,' Roland Landers, CEO of AIGF, said in a statement. The state government has proposed an authority to oversee, regulate and enforce the law banning betting in online games of chance. The amendment seeks to prohibit all forms of online betting, wagering, or gambling involving games of chance, including the use of money, tokens, virtual currency, or electronic funds. The bill, however, exempts games of skill from the prohibition, operated by licensed firms.