https://www.taxtmi.com/news?id=53191 The legislation prohibits online money games, removes the "game of skill" escape, bans advertisements for such games, and bars banks and financial institutions from facilitating or transferring funds for them. It prescribes criminal penalties and fines for operators offering prohibited services and for those placing prohibited advertisements. The bill pairs the ban with an express promotion of eSports and online social gaming that do not involve monetary wagering, and frames the measures as addressing public health risks and associated money-laundering concerns. en-us Thu, 21 Aug 2025 17:31:03 +0530 Thu, 21 Aug 2025 17:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53191 The legislation prohibits online money games, removes the "game of skill" escape, bans advertisements for such games, and bars banks and financial institutions from facilitating or transferring funds for them. It prescribes criminal penalties and fines for operators offering prohibited services and for those placing prohibited advertisements. The bill pairs the ban with an express promotion of eSports and online social gaming that do not involve monetary wagering, and frames the measures as addressing public health risks and associated money-laundering concerns. News - Thu, 21 Aug 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=53191