NEW DELHI: Betting on the outcome of games would not be permitted by online gaming entities under the draft rules, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Monday.
The minister mentioned that till now, all permissible online gaming will need to be registered with a self-regulatory organisation that will be accountable to the online gaming rules.
"As per the regulations laid under the rule, wagering on the outcome of game will not be permitted. All online gaming companies will have to register with the self-regulatory body that will determine on the action required to be taken as per the rules," the minister said.
The IT minister said that he expects the online gaming rules to be ready in early February 2023. The Ministry of Electronics and IT has released draft rules for online gaming companies and has invited comments on the same by January 17.\
The objective of the rule is to grow the online gaming sector and encourage innovation, the minister added.
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