Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • Massive Protest In Manipur’s Thoubal To Demand Release Of Kidnapped Students
    Massive Protest In Manipur’s Thoubal To Demand Release Of Kidnapped Students Nation
  • After Court Order, Elon Musk’s X Goes Offline Again In Brazil
    After Court Order, Elon Musk’s X Goes Offline Again In Brazil World
  • M Kharge As Exam Body Chief Sacked Amid NEET NET Row
    M Kharge As Exam Body Chief Sacked Amid NEET NET Row Nation
  • “Bring Mohammed Shami In His Place”: Harbhajan Singh Wants This India Star To Be Dropped vs New Zealand
    “Bring Mohammed Shami In His Place”: Harbhajan Singh Wants This India Star To Be Dropped vs New Zealand Sports
  • AI Will Bring “Fundamental Change” In News Ecosystem: Expert
    AI Will Bring “Fundamental Change” In News Ecosystem: Expert World
  • India On US Court Summons Over Khalistani Terrorist
    India On US Court Summons Over Khalistani Terrorist World
  • 4.0 Magnitude Earthquake Hits Delhi, Strong Tremors Felt Across North India
    4.0 Magnitude Earthquake Hits Delhi, Strong Tremors Felt Across North India Nation
  • Modi-Trump meeting: Reciprocal tariffs by U.S. may not hurt India much says GTRI
    Modi-Trump meeting: Reciprocal tariffs by U.S. may not hurt India much says GTRI Business
RMG firms quietly assess Bill banning their industry; video game firms welcome move

RMG firms quietly assess Bill banning their industry; video game firms welcome move

Posted on August 20, 2025 By admin


In a letter to Home Minister Amit Shah, RMG firms underlined their anxieties more explicitly. Photo: https://www.egf.org.in/

Real money gaming (RMG) firms struck a cautious tone in responding to the Promotion and Regulation of Online Gaming Bill, 2025, which was passed by the Lok Sabha on Wednesday (August 20, 2025). The Bill prohibits any sort of online game that accepts money from users in exchange for a chance to win a return on the money, or risk losing what they put in.

The E-Gaming Federation (EGF), which represents Games24x7 and RummyCircle, two RMG platforms, said that the Bill was a “distinct opportunity to establish a framework that safeguards players while promoting responsible growth in a sunrise sector.” It added, “Thoughtful regulation can amplify the positive impact while ensuring responsible and fair practices remain at the core.” The Bill would force these firms to stop offering pay-to-play games. Commissions on these games are a principal revenue stream for RMG firms.

‘Death knell’

In a letter to Home Minister Amit Shah, the firms underlined their anxieties more explicitly. “Such a blanket prohibition would strike a death knell for this legitimate, job-creating industry, and would cause serious harm to Indian users and citizens,” the EGF said, along with the All India Gaming Federation and the Federation of Indian Fantasy Sports.

“Fly-by-night” offshore firms would proliferate, investor sentiment would be dampened, and two lakh people would lose their jobs, the letter argued.

Video gaming is distinct category

Video game companies, which have complained in the past about their industries being conflated with the RMG industry under the umbrella “gaming” label, welcomed the Bill. “For the last two years, the singular demand of the Indian video games industry has been recognition and categorisation as a distinct industry-business, not clubbed with online money games,” Harish Chengaiah, CEO of Chennai-based Outlier Games said. “With the proposed Bill, that demand has finally been met, and we thank the Government of India for it.”

The Bill may find takers across the political spectrum, but few voices of support emerged from the Opposition, amid the standoff on the special intensive revision of electoral rolls in Bihar and allegations of “vote theft” by the INDIA coalition. However, Karnataka IT Minister Priyank Kharge and Congress MP Karti Chidambaram have both expressed concerns that an outright prohibition may not fix the problem and instead promote offshore gambling operators’ attempts to make inroads among Indian users.

Published – August 20, 2025 10:08 pm IST



Source link

Business Tags:Bill to ban online games, Online games bill impact on RMG companies, online games bill passed, online gaming bill Lok Sabha, RMG firms cautious about online gaming bill

Post navigation

Previous Post: Access Denied
Next Post: Access Denied

Related Posts

  • Aviation leasing watchdog cuts India’s compliance rating
    Aviation leasing watchdog cuts India’s compliance rating Business
  • VST Group plans expansion in all three business verticals
    VST Group plans expansion in all three business verticals Business
  • Nigeria tightens API sourcing norms for finished pharma products
    Nigeria tightens API sourcing norms for finished pharma products Business
  • Interrupted growth: On economic activity, climate-related events 
    Interrupted growth: On economic activity, climate-related events  Business
  • Rs 2 Lakh Crore Investors’ Wealth Wiped Out In A Day Amid Global Tensions
    Rs 2 Lakh Crore Investors’ Wealth Wiped Out In A Day Amid Global Tensions Business
  • Markets continue to fall on weak global trends, soaring crude oil prices
    Markets continue to fall on weak global trends, soaring crude oil prices Business

More Related Articles

SBI pegs India’s Q3FY25 GDP growth at 6.2%-6.3% SBI pegs India’s Q3FY25 GDP growth at 6.2%-6.3% Business
Budget 2023 | Cooperative manufacturing units get sops  Budget 2023 | Cooperative manufacturing units get sops  Business
India’s sunflower oil, soy oil imports up as palm oil imports fall India’s sunflower oil, soy oil imports up as palm oil imports fall Business
Budget 2023 | Senior citizen scheme limit doubled to ₹30 lakh Budget 2023 | Senior citizen scheme limit doubled to ₹30 lakh Business
Stock markets plunge in early trade on weak global trends, unabated foreign fund outflows Stock markets plunge in early trade on weak global trends, unabated foreign fund outflows Business
Interim Union Budget 2024 | Taxes Interim Union Budget 2024 | Taxes Business
SiteLock

Archives

  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • Access Denied
  • Access Denied
  • Access Denied
  • Access Denied
  • Access Denied

Recent Comments

  1. dfb{{98991*97996}}xca on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. "dfbzzzzzzzzbbbccccdddeeexca".replace("z","o") on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. 1}}"}}'}}1%>"%>'%> on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. bfg6520<s1﹥s2ʺs3ʹhjl6520 on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. pHqghUme9356321 on UP Teacher Who Asked Students To Slap Muslim Classmate
  • Forgotten India Pacer Umran Malik Handed Duleep Trophy Lifeline After Dengue Scare
    Forgotten India Pacer Umran Malik Handed Duleep Trophy Lifeline After Dengue Scare Sports
  • Congress accuses PM Modi of ‘hogging’ the limelight after the success of Chandrayaan-3 mission
    Congress accuses PM Modi of ‘hogging’ the limelight after the success of Chandrayaan-3 mission Science
  • Budget Focus On Bihar, Delhi Polls? N Sitharaman Cites Abraham Lincoln
    Budget Focus On Bihar, Delhi Polls? N Sitharaman Cites Abraham Lincoln Nation
  • Biren Singh Signs Off With “Demographic Shift” Post
    Biren Singh Signs Off With “Demographic Shift” Post Nation
  • Jeju plane crash: South Korea to remove concrete embankment blamed for plane crash
    Jeju plane crash: South Korea to remove concrete embankment blamed for plane crash World
  • Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar
    Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar Business
  • PCB Breaks Silence On Reports Of Removing Imran Khan’s Name From Lahore Stadium’s Enclosure
    PCB Breaks Silence On Reports Of Removing Imran Khan’s Name From Lahore Stadium’s Enclosure Sports
  • Rupee falls 9 paise to all-time low of 84.89 against U.S. dollar
    Rupee falls 9 paise to all-time low of 84.89 against U.S. dollar Business

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.