The Online Gaming Industry Wants Clarity On Several Aspects Of Rules Notified Recently

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The online gaming industry has been recognized by the government of India through a recent notification. The notification is a set of rules for the online industry. It is a clear signal that the online industry is a recognized industry in the country and is part of the digital economy. The government has given it sun-rising status, which ensures that the industry will continue to get attention for further growth and development.

However, there are several aspects of the rules which according to the industry are not clearly defined. The online industry wants to get further clarification on these parts of the rules. The industry feels that a gamer who comes on lotus book 247 login must have clarity on the definition of wagering and betting. The industry is of the view that the definition of wagering is openly needed. It says ‘wagering on an outcome ‘would be considered illegal is going to create a lot of confusion.

According to the online industry representatives, the rules do not mention clearly the nuances between the games of chance and games of skill. The government has mentioned that all games that are skill ...
... based with lotus book 247 sign-up come within the legal framework. But there is some ambiguity on the nature of games of chance. For example, there are games like casino and board games that are part of the betting and wagering, but they can be considered games of skill. A gamer will not be able to say with confidence whether Poker is a game of chance or skill.

There is another point on which the online gaming industry needs further clarification. It is related to recognition by a self-regulatory organization. The self-regulatory organization will permit online games after inspecting them thoroughly on several parameters. The industry wants to know whether a game already certified by the self-regulatory organization will be accepted by all states of the union.

The interesting thing about the recently promulgated rules is that fantasy sports online have been left out of the rules. It means that gamers can lotusbook247 sign up and play fantasy sports without any hindrance. A professional gamer can create her own fantasy cricket team to earn big rewards.

The confusion also comes from the fact that if the government is going to charge a GST of 28 % on games of chance, then it has to recognize the games of chance. Because any gamer who plays with real money will play for winning the contest. The winning happens when the outcome is in her favor. The gamer will play with the intention to win. How can a law define betting and wagering, when it says that any betting on the outcome of the game is illegal, but is collecting goods and services tax on the games of chance? The law cannot collect tax on something which is not within the law.

Such confusion will prevail until the notification comes with clarity on aspects discussed here in this article. Till then a gamer can indulge in fantasy sports with lotus book 247 login and play any games or tournament. The process of login is kept as simple as possible.

Lotusbook247.info is a genuine and legal betting platform conforming to all regulations of the land. The site offers betting on cricket, football, tennis players and teams plus live casino action. The players just need to login with WhatsApp number and get an id from the lotusbook247.info. This id enables the player to bet with real money on favourite sports and games.