Why is it in the news?

• Recently, a famous Bollywood actor has been summoned by the Enforcement Directorate (ED) in connection with his endorsement of the online gaming and betting mobile application “Mahadev.”

Online Gaming

About

• Refers to games played over computer networks, primarily the Internet.
• Includes online real money games, often associated with gambling.
• Regulation of online gaming falls under the purview of Indian states.

Online Gaming Industry in India

• Rapid growth compared to other entertainment sectors.
• CAGR of 38% between 2017-2020, outpacing China and the US.
• Expected mobile gaming revenue to exceed $1.5 billion in 2022, reaching $5 billion in 2025.
• India saw the fastest growth in new gaming users globally, 50% in 2021.

Pros of Online Gaming

• Economic benefits through revenue and job creation.
• Potential to attract global investments.
• Skill-based gaming aids early learning.
• Some individuals earn income through online gaming.

Cons of Online Gaming

• Lack of regulatory framework for player protection.
• Addiction leading to financial issues.
• Adverse health effects on children.
• Increased risk of suicides and crimes due to financial losses.

Way Forward

• Implement effective policies for responsible gaming.
• Learn from global best practices in gaming regulation.
• Foster dialogue between the government and the gaming industry to establish safety measures and operational standards.