Latest news with #RealMoneyGaming
The Hindu
19 hours ago
- Business
- The Hindu
Nazara Technologies stock crashes 10% after Lok Sabha passes Bill on online gaming; Delta Corp falls 2%
Nazara Technologies Limited's stock on Thursday (August 21, 2025) crashed 9.70% at about noon a day after the Lok Sabha passed the Promotion and Regulation of Online Gaming Bill 2025. The company's stock fell to ₹1,103.15 under selling pressure. The Bill proposes to prohibit all pay-to-play online games, including both games of skill and chance. It will also halt operations of regulated Real Money Gaming (RMG) platforms in the country. Nazara, which is listed on the BSE and NSE, owns and operates several online and offline gaming businesses and has been on an acquisition spree. The shares of another listed gaming company Delta Corp Ltd. also fell 1.97% to ₹91.98 due to the adverse impact of the Bill on the company's operations.
TechCrunch
2 days ago
- Business
- TechCrunch
India's government to propose blanket ban on real-money gaming
Real-money gaming companies are reeling as India moves to propose a blanket ban on their operations under a new legislation. The Indian government plans to prohibit real-money games — whether based on skill or chance — under its proposed online gaming regulation, per a draft seen by TechCrunch, which was also verified by three sources, including one consultant with the Indian IT ministry and two people working closely with the Indian government and real-money gaming companies. Proposed to be called The Promotion and Regulation of Online Gaming Act, 2025, the legislation would restrict online games involving real-money stakes and outlaw both their advertisements and financial transactions. 'No bank, financial institution, or any other person facilitating financial transactions or authorization of funds shall engage in, permit, aid, abet, induce, or otherwise facilitate any transaction or authorization of funds towards payment for any online money gaming service,' the draft said. Real-money gaming has been the biggest revenue driver for India's online gaming industry, which generated $3.8 billion in revenue in the financial year 2023–24 — a 23% increase year-over-year, per a recent report by gaming-focused VC firm Lumikai. Real-money gaming alone accounted for $2.4 billion of that total, the firm said. However, the sector has come under growing scrutiny amid public concerns over incidents of harm — including cases where individuals reportedly died by suicide after losing large sums of money in games. Industry stakeholders largely attribute these incidents to offshore betting and gambling apps, which continue to operate — and even expand — despite repeated claims by federal and state authorities of enforcement actions such as website blocks and account freezes. In 2023, the Indian government imposed a 28% tax on online gaming to curb real-money play — a move the industry called 'catastrophic' and 'unconstitutional.' Top investors, including Tiger Global and Kotak, urged Prime Minister Modi to reconsider, warning of $2.5 billion in write-offs and 1 million job losses. The tax stayed, though companies have challenged its retrospective application in the Supreme Court. However, it could rise to 40% under new rules, some recent reports suggested. The draft legislation states that real-money gaming companies could face imprisonment for up to three years, a fine of up to ₹10 million (approximately $115,000), or both. Similarly, celebrities promoting such games on any media platform could be liable for up to two years of imprisonment or a fine of ₹5 million (around $57,000). The bill also empowers the Indian government to establish a regulatory authority to oversee its implementation. 'Businesses will shut if the legislation comes into force,' the founder of a leading Indian real-money gaming startup told TechCrunch, requesting anonymity as the draft is not public yet. Investors are equally concerned about the proposed law, which is expected to be tabled in the Indian parliament soon for debate. 'All unicorns in this sector are going to be significantly impacted due to the move if it comes true,' an investor in Indian real-money gaming startups said, while not agreeing to be quoted on record as the proposal has yet to be released by the Indian government. Dream Sports, Games24x7, and WinZO are among India's top real-money gaming startups. Collectively, they have raised billions of dollars and generate significant revenue from millions of users. India has the highest number of real-money gaming startups globally, per Tracxn, followed by the U.S. and the UK. While many of these companies also offer non-monetized games, one founder told TechCrunch that real-money gaming accounts for over 85% of their total revenue. They did not comment on the record as the draft is not public, but agreed to share their thoughts anonymously. Likewise, some startups have explored going outside India to sustain their business amid regulatory challenges in the country. That has also not yet been fruitful for them, as they currently generate almost 100% of their revenues from India alone, the founder quoted above said. This is not the first time New Delhi has looked to regulate real-money gaming. In 2023, the Indian government amended the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, to curb 'user harm' associated with real-money games. It proposed the creation of self-regulatory bodies to approve legitimate games while restricting illegal betting and gambling. However, the self-regulation model faltered due to conflicts among industry stakeholders over enforcement and standards. Local reports on Tuesday suggested that India's Cabinet had cleared the proposed bill for its introduction in the lower house of parliament as early as Wednesday. However, the Indian government did not confirm the development. The Indian IT ministry did not respond to a request for comments.
Hindustan Times
12-06-2025
- Business
- Hindustan Times
Zocket.ai Welcomes Meta's New Policy Enabling Regulated Gaming Ads
Chennai (Tamil Nadu) [India], June 12: Meta has announced a landmark update to its advertising guidelines for Real Money Gaming (RMG) companies, permitting regulated gambling and fantasy-game operators to run ads on Facebook and Instagram with prior approval and compliance checks. Under the new policy, advertisers must obtain explicit written permission from Meta and provide evidence that their games are legally licensed or certified in each target market. Meta also explicitly prohibits targeting any such ads to users under 18. Karthik, Co-Founder of welcomed Meta's decision, calling it 'a big step toward clarity and responsibility in gaming advertising.' He noted that Meta's leadership has aligned platform rules with industry regulation: 'We applaud Meta's vision to align platform policy with India's regulatory frameworks,' Karthik said. 'This Meta RMG ad policy update demonstrates strong industry leadership. For the first time, gaming advertisers have a clear path to run Facebook and Instagram gaming ads compliantly.' 'We've been preparing for this moment,' said Karthik, Co-Founder & CEO, In the past, RMG operators in India faced an effective advertising blackout on Meta. Platforms had broadly restricted gambling ads to only the most scrutinized campaigns. Now, with this policy shift, a massive market can safely engage. Industry estimates show India's RMG segment spends roughly ₹3,000– ₹4,000 crore per year on digital advertising, about two-thirds of which traditionally went to Facebook and Instagram. 'This move opens up a ₹4,000 Cr market that gaming advertisers can now approach on a level playing field,' Karthik added. is uniquely positioned to help clients capitalize on this opportunity. The company's global presence, across Unites States, APAC, EMEA & India - and its AI-driven ad platform mean gaming advertisers can quickly adapt & scale their campaigns. Zocket's specialized performance ad stack for gaming ensures every campaign follows Meta's rules while optimizing performance. 'We've been preparing for this moment,' said Karthik. 'Our platform automates ad policy checks and creative optimization, allowing brands to launch compliant campaigns at scale.' Looking ahead, Karthik expressed optimism about collaboration between tech platforms and regulators. 'Meta's updated policy is in sync with industry efforts to create a safe gaming ad environment,' he explained. 'At we welcome the clarity – it gives game developers a constructive path to reach players and lets platforms monitor ads responsibly.' With clear guidelines and powerful tools at hand, Karthik believes Indian and global gaming companies are set for strong growth. About is a global AI-driven advertising platform that simplifies digital campaign management. With operations in the United States & India, serves brands in 40+ countries, its integrated marketing command center and specialized gaming solutions (including automated compliance checks and optimized Facebook and Instagram gaming ads) empower real-money gaming companies to scale their ad spend seamlessly and compliantly. For more information visit: Disclaimer: This article is sponsored content curated by HT Syndication. The inputs and details accounted for in the article do not necessarily reflect those of HT, and HT does not endorse or assume any responsibility for the information provided. Want to get your story featured as above? click here!
