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Online gaming industry come together to set up skill gaming institute

Economic Times

Economic Times · 2y ago

Online gaming industry come together to set up skill gaming institute

Several online gaming companies have joined forces to establish the Skilled Online Games Institute (SOGI) in order to combat negative perceptions and misinformation surrounding gaming. The institute, backed by the All India Gaming Federation and eGamers and Players Welfare Association, plans to collaborate with academic institutions such as IIM Bangalore, IIT Roorkee, and the National University of Judicial Sciences Kolkata to provide training in technical, management, and legal aspects of the gaming sector. The initiative aims to promote responsible gaming and ensure the Indian industry can compete globally.

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Domestic online gaming industry seeks GST adjustment to help it thrive

YourStory

YourStory · 1y ago

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The Indian online gaming industry is calling on the government to reconsider the 28% Goods and Services Tax (GST) on Contest Entry Amount (CEA) as it is hindering the industry's growth and providing an advantage to foreign companies. The Skill Online Games Institute (SOGI) argues that the high tax rate is pushing domestic companies out of business and inadvertently promoting illegal offshore gambling. SOGI is collaborating with the University of Oxford to study global regulations and suggests considering taxation models of other countries. With the right regulatory framework, the industry has the potential to grow significantly.

Online betting authority: Gaming body hails Karnataka move; calls for national framework - The Economic Times

Economic Times

Economic Times · 4m ago

Online betting authority: Gaming body hails Karnataka move; calls for national framework - The Economic Times

Karnataka plans to amend the Karnataka Police Act, 1963, to establish an online gaming regulatory authority to oversee and enforce laws banning betting in online games of chance, excluding skill-based games operated by licensed firms. The All-India Gaming Federation (AIGF) welcomes this move but highlights the need for a national framework to address the challenges posed by offshore gambling platforms, emphasizing the distinction between games of skill and chance for responsible industry growth.

India Game Developer conference kicks off in Hyderabad

Economic Times

Economic Times · 12m ago

India Game Developer conference kicks off in Hyderabad

The India Game Developer Conference (IGDC) commenced, with global and local gaming developers and publishers exhibiting their immersive entertainment. The Ministry of Information and Broadcasting highlighted the importance of content and creativity in the gaming industry. They intend to collaborate with the Game Developer Association of India to nurture talent and establish India as a leader in the global gaming sector. Additionally, the formation of the Indian Institute of Creative Technology aims to enhance skill development in the video gaming industry. The conference attracted over 6,000 attendees on its first day.

Tiger Global, ChrysCap, Peak XV ask govt to reconsider GST on online gaming

VCCircle

VCCircle · 2y ago

Tiger Global, ChrysCap, Peak XV ask govt to reconsider GST on online gaming

Investment firms Tiger Global, ChrysCap, Peak XV, and ASK have requested the Indian government to reconsider the Goods and Services Tax (GST) on online gaming. They argue that the 28% GST rate on skill-based gaming platforms is excessive and should be reduced. These companies believe that a lower tax rate would encourage growth and investment in the online gaming industry.

India’s online money gaming ban faces first legal challenge as A23 owner moves Karnataka HC - The Economic Times

Economic Times

Economic Times · 2m ago

India’s online money gaming ban faces first legal challenge as A23 owner moves Karnataka HC - The Economic Times

Head Digital Works, owner of online gaming platform A23, has challenged Karnataka's new Promotion and Regulation of Online Gaming Law of 2025, in the High Court. The law bans online money games, impacting India’s gaming sector, valued at $3.7 billion in 2024. The company argues that the law wrongfully targets skill-based games like rummy and poker. Major platforms have suspended services, raising concerns over job losses and stifled growth in the industry.

Winzo develops model to differentiate games of skill and chances with IITs

Economic Times

Economic Times · 1y ago

Winzo develops model to differentiate games of skill and chances with IITs

Skill-gaming platform Winzo has collaborated with top institutions like IIT Delhi, IIT Kanpur, IIT Madras, Stanford University, and California State University to develop a statistical model that can differentiate between games of skill and chance. This initiative aims to enhance transparency and fairness within the gaming industry and provide a scientific methodology to determine if a game is a game of skill. The model can be applied to any game without the need for proprietary data or violating intellectual property rights. This development comes amidst concerns about self-regulatory bodies in India's online gaming sector.

Online gaming: Karnataka hopes to have new law in place in two months

Economic Times

Economic Times · 7m ago

Online gaming: Karnataka hopes to have new law in place in two months

The Karnataka government is developing a new law to regulate the online gaming sector, aiming to address issues related to online gambling, betting, and consumer protection while supporting the growth of skill-based gaming. A committee of officials and industry representatives will draft the bill, expected within a month. The law aims to curb illegal activities and promote innovation. The state hopes to have the legislation in place in about two months, with industry support for regulations and licensing.

Guidelines to check compulsive online gaming likely

Livemint

Livemint · 1y ago

Guidelines to check compulsive online gaming likely

The Indian government is taking action to address the rising addiction to online gaming. The Consumer Affairs Department has announced plans to conduct a study on the behavioral patterns of online gaming addiction with the support of the National Institute of Mental Health and Neurosciences (Nimhans) in Bengaluru. The findings will be used to frame guidelines to protect consumers and ensure the responsible use of technology in the gaming industry. Online gaming addiction can have detrimental effects on mental and physical health, leading to neglect of real-life responsibilities.

Online gambling: Karnataka will soon have foolproof law to end illegal betting, says home minister - The Economic Times

Economic Times

Economic Times · 3m ago

Online gambling: Karnataka will soon have foolproof law to end illegal betting, says home minister - The Economic Times

The Karnataka government is working on a new law to regulate online gaming, distinguishing between games of skill and games of chance. An expert group led by DGP Pranab Mohanty is drafting the law, expected next month. The home minister affirmed that the legislation aims to curb games of chance and support the skill-based gaming industry. The state is also pursuing a case in the Supreme Court to restore amendments to the Karnataka Police Act.

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