Skill-based online gaming platform Zupee on Thursday announced that it would stop its real money gaming offerings after the Online Gaming Bill was passed by both Houses of Parliament.
Rajya Sabha Passes Online Gaming Bill Amid Protests
Rajya Sabha on Thursday passed ‘The Promotion and Regulation of Online Gaming Bill’ amid protests and sloganeering by the Opposition.
Union Minister Ashwini Vaishnaw had moved ‘The Promotion and Regulation of Online Gaming Bill’ as passed by Lok Sabha for consideration and passing in Rajya Sabha.
Highlighting the aspects of the bill, the Union Minister explained that there are three aspects of the bill – “E-sports, Online Social Gaming and Online Money Gaming” out of which 2/3rd segment (E-sports and Online Social Gaming) will be promoted and encouraged.
Speaking in the Rajya Sabha, Vaishnaw said, “Online gaming is an important subject which has emerged as an important sector in the digital world. It has 3 segments – the first segment is e-sports, in which people form a team and play, learn coordination, have strategic thinking.
Our players have also won many medals. In this bill, e-sports will be promoted, an authority will be created for it and it will get legal recognition. The second is Online Social Games which includes solitaire, chess, soduku, etc. In this bill, online social games will be promoted, encouraged and an authority will be created.”
Online Money Gaming Declared Public Health Risk in New Bill
The Union Minister stated the third segment – ‘Online Money Game’ as has become “Public Health Risk.”
He further said, “2/3rd segment of the entire world of online gaming is being promoted, but there is one such segment, 3rd – online money games, due to which a big problem has arisen in the society, especially in the middle-class youth.
It gets addicted and the family’s savings are spent. It is estimated that 45 crore people are affected by it and more than Rs 20,000 crore has been destroyed in it. WHO has declared it a gaming disorder. Online money gaming has become a public health risk. Problems like psychological disorder, compulsive behaviour, violent behaviour are arising from it.
Many families have been destroyed due to it. This has become a huge problem. Its major aspect is money laundering and its effect have also been seen in terror activities. There were efforts to stop this problem but this problem kept on increasing.”
The Bill was brought in to encourage e-sports and online social games while prohibiting harmful online money gaming services, advertisements, and financial transactions related to them. The Bill seeks to completely ban on offering, operating, or facilitating online money games, irrespective of whether based on skill, chance, or both. (Inputs from ANI)
Also Read: Breaking: Rajya Sabha Clears Online Gaming Bill To Regulate/Promote Money Games
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
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