Parliament Bans Online Money Games: Heavy Penalties Announced
In a landmark decision, the Lok Sabha has passed a Bill banning online Money Games amid growing concerns over national security and the massive financial losses suffered by Indian citizens. Reports estimate that nearly 450 million Indians collectively lose around ₹20,000 crore every single day to these platforms.
Why the Ban?
The government stated that these online Money Games not only exploit vulnerable users but also pose threats linked to financial Fraud, addiction, and Illegal Money transfers. The move aims to protect citizens, especially the youth, from mounting debt and financial distress.
Key Provisions of the Bill
The legislation introduces some of the strictest punishments yet in the digital gaming space:
Providing or Promoting Services: Up to 3 years in prison or a fine of ₹1 crore for offering or promoting such Games.
Advertising: Advertising these Games could invite 2 years imprisonment, a ₹50 lakh fine, or both.
Handling Transactions: Facilitating financial transactions may lead to 3 years imprisonment plus a fine of ₹1 crore.
Repeat Offenders: Repeat violations will attract harsher penalties of 5 years imprisonment and fines up to ₹2 crore.
Legal Classification
All offenses under this Bill are cognizable and non-bailable. This means authorities can arrest individuals without a warrant, and securing bail will be extremely difficult.
The Road Ahead
With this law, India has taken a decisive stand against the rapidly growing online Money gaming industry. While some industry experts argue that regulation would have been more effective than an outright ban, the government insists that safeguarding citizens must take priority.
This ban is expected to bring immediate relief to millions of households impacted by gambling-related losses, though its enforcement and long-term impact on India’s digital economy remain to be seen.
Shrishty Sharma
Group Head HR | Author
Asiatic International Corp
✉️ Shrishty@Flying-Crews.com | Shrishty@Air-Aviator.com
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