https://www.taxtmi.com/news?id=52957 The Bill prohibits online money gaming and criminalises offering, advertising, fund authorisation or processing for such games, with imprisonment and fines for violators and higher penalties for repeat offences, while excluding criminal liability for players. It bars banks and financial institutions from processing funds related to real money online games. The Bill promotes eSports and online social games and establishes a statutory regulatory authority empowered to register platforms, enforce compliance, determine whether a game is an online money game, and maintain complaint and oversight mechanisms. The Bill defines an online money game as a game played for a fee or stake with an expectation of winning money or other stakes, irrespective of skill or chance, excluding eSports. en-us Tue, 19 Aug 2025 21:46:03 +0530 Tue, 19 Aug 2025 21:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=52957 The Bill prohibits online money gaming and criminalises offering, advertising, fund authorisation or processing for such games, with imprisonment and fines for violators and higher penalties for repeat offences, while excluding criminal liability for players. It bars banks and financial institutions from processing funds related to real money online games. The Bill promotes eSports and online social games and establishes a statutory regulatory authority empowered to register platforms, enforce compliance, determine whether a game is an online money game, and maintain complaint and oversight mechanisms. The Bill defines an online money game as a game played for a fee or stake with an expectation of winning money or other stakes, irrespective of skill or chance, excluding eSports. News - Tue, 19 Aug 2025 21:46:03 +0530 https://www.taxtmi.com/news?id=52957