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The Ministry of Electronics and Information Technology ordered the blocking of several betting and gambling apps, including 1xBet
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Zupee founder Dilsher Singh Malhi said the company plans to reimagine traditional Indian games such as Ludo, Carrom and Chess as global esports formats.
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Brands like Tesla and Bisleri are hitting play as they see esports as a safe bet for big reach after clarity from Online Gaming Act. With more advertisers logging in, ad spends are expected to see double-digit growth, potentially making the online gaming bigger than ever.
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Last month, Kavin Bharti Mittal had stated plans of exiting India to focus on International markets such as the United States, United Kingdom, and Australia.
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Zupee joins a growing list of companies that have reduced their staff in recent weeks, as the industry grapples with the fallout of India's blanket ban on real-money games.
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According to sources, any FIFS member contesting the legislation will no longer be associated with the fantasy industry body.
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Zupee's paid subscription service, Zupee Plus, offers ad-free games and unlimited access to shows for Rs 499 for three months
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The government had moved to the court seeking transfer of petitions challenging the act to avoid conflicting or multiple rulings on the matter
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A Bench of Justices JB Pardiwala and KV Viswanathan allowed the Centre’s plea to transfer all pending challenges to itself, observing that a consolidated hearing would avoid duplication and delay
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Head Digital Works joins a growing list of real-money gaming companies that have carried out large-scale layoffs in the past week following the government's blanket ban.
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India's new online gaming law, which imposes a blanket-ban on real-money games, has faced three legal challenges so far, with petitions filed before the High Courts of Karnataka, Delhi, and Madhya Pradesh.
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Bitkraft expects five to six mobile games to surpass $100 million in annual in-app purchase (IAP) revenue in India by the end of 2025.
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India's new online gaming law, which bans real-money online games, has faced three legal challenges so far, with petitions filed before the High Courts of Karnataka, Delhi, and Madhya Pradesh.
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Games24x7, which operates the online rummy platform Rummy Circle and fantasy sports platform My11Circle, is the latest casualty of the government's ban on real-money games.
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The job cuts at the PokerBaazi parent firm comes after the government introduced a new online gaming law that has imposed a blanket ban on real-money games in the country.
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MPL and other real-money gaming firms had suspended contests and games involving money on their platforms after the Parliament passed the online gaming law that prohibits such games.
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Head Digital Works, which operates the online rummy platform A23 Rummy, had approached the Karnataka High Court on April 28, challenging the constitutional validity of the government's new online gaming law.
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MPL joins a growing list of companies, including Dream11 parent Dream Sports, Gameskraft, Zupee, and PokerBaazi parent firm Moonshine Technology, which have decided not to challenge the law
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The government has flagged concerns about money laundering and terror financing risks linked to real-money gaming platforms
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This marks the first legal challenge to the promotion and regulation online gaming law. The high court is expected to hear the matter on August 30.
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Zupee plans to shift its focus to developing online social games and entertainment avenues that "go beyond mere recreation"
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Dream Sports CEO Harsh Jain said that regulation would have been the right approach to address the issue of societal impact and financial distress linked to RMG apps, as prohibition is likely to increase the prevalence of a black market.
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Indian Game Publishers and Developers Association aims to promote the creation of original Made-in-India IP, bring Indian stories into gaming, and skill-building across the AVGC value chain.
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"As a responsible and law-abiding corporate entity, Gameskraft has no intention of pursuing any legal challenge to the legislation. We fully respect the legislative process and remain committed to operating within the framework of the law," a company spokesperson said.
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'We are interested in building with this talent to dig ourselves out of this hole’ said Harsh Jain, the co-founder of the co-founder of Dream Sports, the parent company of embattled fantasy sports major Dream11.
