Real-money gaming companies get a lifeline after bruising battles with states


Soumya Gupta

35 reads

Soumya Gupta

35 reads

The central government’s draft rules promise to ease the uncertainty and ban fears gaming apps face in India. But will states known to take a hard stance play ball? And what about the vexing issue of taxes?

January 04, 2023


Real-money gaming apps — platforms to play online poker, rummy and more — spent years defending their trade in India. While they wanted to be accepted as legitimate, skill-based activities, many states slapped the inglorious label of betting on them, which meant a ban. 

So, a buzzy industry, projected by FICCI-EY to reach revenues of about Rs 10,000 crore in 2024, found itself repeatedly in courts. There were some notable wins, no doubt. But the underlying issues of how these companies should be viewed, and regulated, did not change.

This week, the needle finally moved. The central ministry of electronics and IT (MeitY) unveiled draft rules for online gaming, proposing to identify the businesses as intermediaries on a par with social-media firms. Essentially, a path is being laid out so that they can operate with some certainty.

States still have the authority to prohibit any game they deem gambling or betting. A central framework, however, may prod them to avoid initiating the harshest step in every instance. Though their ultimate reaction is a big unknown, the industry is looking at the brighter side of things.

Read this article for free

Sign in using


Sign in using your email

Don't have an account?

Forgot Password?

By signing up for The CapTable you agree to the

Terms of Service


Privacy Policy

of the platform.

Smart Information, Better Decisions

We report on the latest and most important developments in India’s biggest tech companies and disruptive startups so you can make better decisions.

Inside View with Org Charts

Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.

Seasoned Team

Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.

Inside View

We thrive on inside scoops and decoding boardroom conversations so we can bring you a 360° view of what’s happening at India’s high-growth companies.

For subscribers only

Premium Reads


View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.