Self-regulations For E-gaming Companies Will Protect Online Players

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The government of India is taking several steps to make the onlinelotus247 book gaming environment safe for players, and at the same time create a conducive atmosphere for its growth in the country. In this regard, recently the government of India proposed graft regulation bill, which will become law after consultations with concerned parties. These drafts are part of the amendment to the information technology rules of 2021.

The first condition is that all online gaming companies wanting to operate in the country must have a physical presence in the country. Those companies who fail to comply with the rules will be banned in the country. The rule also states that cases can be filed against them.

Online gaming companies need to ensure that before hosting or publishing or advertising an online game, there is approval from the self-regulatory organization. The company or individual that acts as an intermediary also have to display such approval from a self-regulatory organization. All self-regulatory organizations has to get themselves register with the information and technology ministry. Further, these organizations ...
... will also be allowed to address filed by customers or players. There will be a redress al mechanism to be established under the new law.

KYC

Know your customer or players for an online gaming company norms will make it mandatory to establish the identity of the player. The idea is to make players on lutusbook247 both males and females safe online. The government wants to ensure that the gaming ecosystem is safe for players, particularly for women. The gaming companies also need to clearly mention that online games are skilled-based games, not chance-based games. They cannot advertise betting through online platforms. The government is planning to hold discussions with stakeholders on these issues before enacting the law.

The first meeting will be with game start-ups, gaming companies and investors in those companies. The meeting with games also will help both sides to exchange views and set the stage for further growth. Then the think tanks and policy groups will also join the discussions.

Not showing games not confirming with Indian law

The online gaming company will also have to ensure that they do not publish, upload, display, transmit or host, any game which is not approved by the law of the country. This category also includes betting and gambling. Genuine players lotus247 book are already following these guidelines as an ethical player.

Another responsibility of gaming companies is to warn players of the risk of addiction and loss of money through gaming. And the policy or policies have to be made clear to players regarding the withdrawal of money. The players should also be given the option of withdrawing deposit money. The policy on withdrawal of the reward money with the expectation of earning should also be mentioned. Gaming that allows wagering or betting on the outcome of an event will be strictly forbidden under the new law.

The online gaming intermediary need to allow users, who use their services in India or register their services from India, to verify their accounts through an appropriate mechanism. This can be done through an active mobile number of users.

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