The government has set up an inter-ministerial group to work on regulating the online gambling industry and identify a nodal ministry to deal with the sector, an official source said on Thursday.
The seven-member panel includes CEO of the government think tank Niti Aayog as well as the secretaries of home affairs, revenue, industries and internal trade, electronics and computing, information and broadcasting and sports.
The panel will discuss various aspects to promote online gambling and frame the segment’s regulatory mechanisms, player protection, ease of doing business, among others, the source said.
The Indian Fantasy Sports Federation (FIFS) has appreciated the government’s decision to set up the Inter-Ministerial Task Force (IMTF) for Online Gaming.
“This step signals the impetus that the government is ready to give to the growth of the Indian online gaming industry. The task force is a big step forward in creating regulatory certainty for the fledgling industry. and rapidly growing online gaming,” FIFS said.
Online gaming and fantasy sports industry leaders – FIFS President Bimal Julka, Fantasy co-founder Akhada Pratik Gosar, Khelo Fantasy founder Santosh Smith, among others – met with the Minister of State of Skills Development, Electronics and IT Rajeev Chandrasekhar for discussions.
FIFS said the task force was tasked with examining the issues faced by the online gambling industry, understanding global best practices in legal and legislative frameworks, and putting in place a comprehensive and uniform regulatory regime. for a responsible, transparent and safe online gaming environment.
He said the formation of the task force is in line with Prime Minister Narendra Modi’s vision to make India’s digital games industry a global power.
“A unified regulation will go a long way in removing the complexities and compliance burden for online gaming platform operators. We believe that regulatory steps in the right direction will have a positive impact on India’s emerging industry” , FIFS said.