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Saksham
StealthĀ ā¢Ā 6m
Thinking of launching an online gaming platform like Dream11? Hereās what you need to know: Certain states, including Assam, Sikkim, Nagaland, Odisha, Telangana, and Andhra Pradesh, prohibit your services due to specific laws. Gaming and gambling fall under the State List in the VII Schedule of the Constitution. Key Framework Points: ā¢ Game of Skill vs. Game of Chance: Define your game clearly. Games of chance are banned under the Prevention of Gambling Act. ā¢ Due Diligence: Maintain grievance redressal and ethical conduct. ā¢ Age Verification & Player Consent: Ensure transparency in odds and outcomes of the games. ā¢ AML Measures: Follow KYC norms, monitor transactions, report suspicious activities to the FIU, and keep records. ā¢ Player Protection: Safeguard against unfair practices, fraud, and privacy breaches. ā¢ Cybersecurity: Adhere to CERT-In protocols. ā¢ Conduct Regular Audits and compliance checks. Ensure a robust and legally compliant gaming platform to succeed in.
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