https://www.taxtmi.com/news?id=53067 A legislative scheme prohibits online games played with monetary stakes, defining an online money game as play involving a monetary deposit in expectation of gain. It outlaws fantasy sports, card games, online lotteries and similar wagering activities, bars advertisements for such games, and prevents banks and financial institutions from facilitating transfers or services that enable participation. The bill prescribes custodial penalties and fines for offering or facilitating prohibited online money gaming and advances objectives including addiction prevention and combating money laundering and financial fraud. en-us Wed, 20 Aug 2025 17:31:04 +0530 Wed, 20 Aug 2025 17:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53067 A legislative scheme prohibits online games played with monetary stakes, defining an online money game as play involving a monetary deposit in expectation of gain. It outlaws fantasy sports, card games, online lotteries and similar wagering activities, bars advertisements for such games, and prevents banks and financial institutions from facilitating transfers or services that enable participation. The bill prescribes custodial penalties and fines for offering or facilitating prohibited online money gaming and advances objectives including addiction prevention and combating money laundering and financial fraud. News - Wed, 20 Aug 2025 17:31:04 +0530 https://www.taxtmi.com/news?id=53067