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RMG BAN IN INDIA
Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...- RMG cos reel from GST ruling; new-age firms’ costly rideHappy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more ...
- Design focus under ECMS; Kissht's strong IPO demandGovernment mulls mandating minimum design investment by firms under ECMS rules. This and more in today's ETtech Top 5.
- Foreign betting sites pull a prank on taxmanOffshore gaming firms found a way to use the site name cgstahmedabadzone.gov.in to create additional, fake pages, complete with sub-links t...
- US prediction market players make a play for Indian IPL fansIndian fans are turning to US platforms like Polymarket and Kalshi for IPL betting. These sites allow wagers on match winners and player st...
- Zupee lays off 200 in second round of job cuts after real money gaming banOnline gaming startup Zupee has cut about 200 jobs in a fresh round of layoffs after India’s ban on real money gaming. The move follows ear...
- Folding in India, gaming companies lose bigAmid India's recent real-money gaming prohibition, gaming companies are grappling with significant financial setbacks. Flutter Entertainmen...
- Folding in India, gaming companies lose bigAmid India's recent real-money gaming prohibition, gaming companies are grappling with significant financial setbacks. Flutter Entertainmen...
- RMG ban sparks massive impairments as gaming majors erase India betsGaming companies are reporting large write-downs after India’s real money gaming ban, with major players such as Flutter, Clairvest and Naz...
- Freed from real-money gaming shadow, esports companies seek rules, sops to up gameIndia's government banned real-money gaming. Industry leaders now urge focus on legitimate video gaming and esports. They seek fiscal incen...
- Real money gaming ban to unlock growth for ill monetised non-RMG titles: ReportIndia's gaming sector shifts focus to non-real money gaming. A new law banned real money gaming. Lightbox reports India has 420 million pla...
- Dream11 eyes advertising revenue with 10 million daily active users after RMG banThe fantasy sports platform, part of Dream Sports, with over 250 million registered users, moved to a free-to-play model following the ban ...
- Ban-hit real money gaming companies fire 2,000 setting off a scramble for jobsNearly 2,000 employees at real money gaming (RMG) firms including MPL, Games24x7, Zupee, PokerBaazi, and Head Digital have lost jobs after ...
- Kavin Bharti Mittal’s Hike to shut operations amid govt’s real money gaming banHike, the 13-year-old startup founded by Kavin Bharti Mittal, is shutting down following the Indian government's ban on real money gaming. ...
- 'Deposit krke ready rho. Jackpot karenge': How online gamblers are dodging India’s real money gaming banBy early September, a Telegram group with over four lakh members was actively promoting Lucky Jet, a high-speed ‘crash game’ where players ...
- Real-money game over, battle will now shift to the old fieldFollowing the real-money game ban in India, traditional gaming studios anticipate growth as RMG players migrate to casual gaming. This shif...
- Delta Corp’s bet goes bust as stock drops 9% on RMG ban, 34% lower in a yearDelta Corp's stock has experienced a 9% drop in the last three sessions due to the ban on real money gaming (RMG), extending its year-long ...
- Real money gaming ban led to startup ‘explosion’: Snapdeal cofounder Kunal BahlKunal Bahl notes a surge in new startups after the real-money gaming ban. Talent from the RMG sector is launching ventures, seeking guidanc...
- New law likely to fuel shift from real-money gaming to esports, casual gamesThe Promotion and Regulation of Online Gaming Act, 2025, is expected to boost esports and casual gaming in India by providing regulatory cl...
- As state governments come down on real-money gaming, companies ask for regulation instead of banOver half a dozen state governments are trying to ban some or all forms of real-money gaming (RMG). The states are forced to step in as the...
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