The Ministry of Electronics and Information Technology (MeitY) has received three proposals for the establishment of new Self-Regulatory Organisations (SROs) in the online gaming sector. This follows the government’s earlier announcement of its intention to set up multiple SROs, with a deadline of July 6 for proposal submissions.
What is SROs
SROs in online gaming are Self-Regulatory Organizations that establish and enforce industry rules and standards. They promote responsible gaming, set guidelines for operators, and work towards consumer protection. SROs collaborate with regulatory bodies and ensure a safe and transparent gaming environment.
SROs to Regulate and Certify Online Games
The newly proposed SROs will play a vital role in regulating and certifying online games in India. The government aims to differentiate online gaming from gambling by introducing a clear distinction between real-money games and certified ones. The move is expected to foster the growth of the Indian gaming industry while prohibiting games that involve wagering.
Backing and Participation of Industry Players
The proposals have garnered support from prominent industry organizations. The Esports Players Welfare Association, the E Gaming Federation (EGF) in collaboration with the Federation of Indian Fantasy Sports (FIFS), and the All India Gaming Federation (AIGF) have submitted their proposals. Notable platforms under these organizations include Games24x7, Junglee Games, Dream11, Fantasy Akhada, GamesKraft, Paytm First Games, and MPL.
Controversy and Opposition
The Internet and Mobile Association of India (IAMAI) initially intended to submit a proposal but later withdrew following opposition from Dream11, MPL, Zupee, and others. These companies believed that the IAMAI’s interests did not align with their own, leading to a division within the industry regarding the SRO formation.
The government will review the proposals and take further steps to establish the SROs in accordance with the regulations announced in April. The formation of these SROs is expected to bring about a regulated framework for online gaming, ensuring transparency, fairness, and consumer protection within the industry.
