Skill gaming startups caught in Karnataka’s online gambling ban

For sectors like ‘online gaming’ and ‘cryptocurrency’, one word that best describes the present regulatory scenario is ‘ambiguous’.

Both sectors are booming in India, but governments have their concerns related to user safety.

This dilemma played out again recently, with Karnataka notifying a law to ban online gambling and betting.

The law provides for up to three years of imprisonment, or a fine of up to Rs 1 lakh.

Source: https://www.business-standard.com/podcast/technology/skill-gaming-startups-caught-in-karnataka-s-online-gambling-ban-121101200291_1.html