Government Said to Plan Regulation of All Real-Money Online Games, to Include Games of Skill and Chance
It is said that the Prime Minister's Office has rejected a proposal to only regulate skill games and exclude opportunity games, among which the Ramiya game is exempt.
According to a government document and three resources, after the Prime Minister's Office rejected a proposal to only regulate skill games and give them opportunities, the planned Indian online game regulation will apply to all real gold and silver games.
By 2026, the expected regulatory collapse of the $7 billion (approximately 5.7 billion rupees) Indian gaming industry funded by research firm Redseeer will occur in the future, led by real gold and silver games. Tiger Global and Sequoia Capital recently supported Indian startups Dream11 and Mobile Premier League, known for their fantasy crickets.
In August, an Indian group aimed at balancing regulation proposed the establishment of a new institution to determine whether a game involves skills or opportunities, and then Rummhome recommended 20 groups to participate in the game competition. They are rummy glee, rummy ares, rummy mate, rummy Modern, and so on. A total of 10 lists have been released.