“The new IT rules will help the industry prosper” – Dr. Kislay Panday, Eminent Lawyer, Supreme Court of India

India’s leading legal expert, Dr. Kislay Panday, has approved the new IT regulations for online gaming. He says they will help the industry grow and create a more structured online gaming business through self-regulatory organizations. He also says the new rules will encourage fair play and enhance the gaming experience, which is key to the industry’s success.

The amended IT regulations for online gaming were notified by the Indian government in 2021. The new rules aim to establish a self-regulatory framework for the online gaming industry in India. The new rules require online gaming platforms to appoint nodal officers to implement the rules and regulations and to keep a record of user complaints. Platforms must also publish their terms of service and provide information on the grievance mechanism.

According to him, he says that these rules are a step in the right direction in terms of fairness and transparency in online gaming. Self-regulation is essential to ensure that the industry operates fairly and ethically. Self-regulation brings transparency and accountability. These are essential elements to build trust in the user. By establishing a system of self-regulation, the Government is fostering a responsible gaming culture. This is beneficial for both users and the gaming industry.

In addition, he claims that the new rules will also improve the user experience. Online gaming platforms need to be user friendly and easy to use. This is very important for the development of the industry as it attracts more users and keeps them engaged for longer. Furthermore, he explains that an improved user experience leads to more engagement, which in turn generates more profit for the industry. The new rules will encourage online game providers to invest in improving the user experience, which will benefit everyone.

He also stresses that the new rules will fight against fraud and cheating in the online gambling industry. Fraud and cheating are major concerns for online gamblers. The new rules will make it easier for users to report fraudulent practices. By requiring online gaming platforms to keep records of user complaints and register complaints, the government will help build trust among users and ensure that the industry operates honestly and fairly.

Panday, for his part, warns that the new regulations should be moderated, as they could slow down creativity and innovation in the online gaming sector; he believes that the government needs to balance regulation with innovation so that the industry can continue to grow and develop. He believes that while code is essential, it shouldn’t be too restrictive to the point of hindering creativity and innovation. “The government must work with the industry to create an environment that supports responsible gaming while encouraging innovation and expansion.”

Panday talks about the new IT regulations for online gaming and says that the new rules will encourage fair play, improve user experience and fight fraud in the industry. He also said that self-regulation is crucial for the fair and ethical operation of the industry, and the government must balance regulation with innovation to ensure the growth and development of the industry.

Credit: The trendswire