Newsblare

Gaming

New Bill Introduce in Parliament, 3 Years Jail, ₹1 Cr fine on online games play with money

New Bill Introduce in Parliament, 3 Years Jail, ₹1 Cr fine on online games play with money

Prime Minister Narendra Modi-Nedication The Central Government fully prepared to ban online games played with money. A New Bill Introduce in Parliament today. According to the Reuters of the news agency, when passed in Parliament, this step will give a blow to an industry that has attracted billions of dollars of foreign investment.

Bill – And online gaming bill 2025 promotion and regulation – cites psychological and financial loss that can caused by such activities and says that any person will not offer “online money games and such services” in “offering”, aid, abet, motivated or otherwise indulged or attached.

New Bill Introduce in Parliament Ban on online money based gaming

The proposed law approved by the Union Cabinet will impose a ban on all online real-money gaming services, where users can play games after depositing money as a stake or bet. According to reports, this step is due to increasing concerns about alleged money laundering cases.

The news agency said that the 13-page bill prepared by the Central Electronics and Information Technology describes an online money game, played by a user, which accumulates money in the hope of winning financial and other promotion. Electronics and Information Technology Minister Ashwini Vaishnav has been scheduled to transfer the bill to the Lok Sabha.

Online game’s addictive nature

While New Bill Introduce in Parliament, ministry said, “Emergent and addictive nature of online game especially with monetary incentives has led to critical mental health issues among users – especially to children, adolescents and young adults,” the ministry said in the proposed law.

Read also: Rape and Murder Case in Karnataka: 20-year-old BA student Partially Burnt Body Found

Founder & Editor
I'm Ved Prakash, Founder & Editor @Newsblare Media, specialised in Business and Finance niches who writes content for reputed publication such as Investing.com, Stockhouse.com, Motley Fool Singapore, etc. I'm the contributor of different... news sites that have widened my views on the current happenings in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

Oscars 2025: Full List of Winners from the 97th Academy Awards