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Tuesday, July 18, 2023

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 1. Business News
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 4. Gaming firms submit two proposals to govt for self-regulatory bodies


GAMING FIRMS SUBMIT TWO PROPOSALS TO GOVT FOR SELF-REGULATORY BODIES


ONLINE REAL MONEY GAMES WILL BECOME PERMISSIBLE ONLY WHEN IT IS VERIFIED BY A
SELF-REGULATORY ORGANISATION (SRO)

Written by Jatin Grover
July 10, 2023 08:54 IST
Follow Us

For other online games which do not involve real money do not require any
verification from an SRO

As the three-month deadline for the gaming industry to send proposals for
self-regulatory organisations (SROs) ended July 6, the government has received
two such proposals from gaming startups and companies, according to people aware
of the matter.

The government will formally notify such bodies once it finalises the board
structure and also selects its representatives who will be part of the
five-member board of directors of the SROs as specified under the amended IT
Rules, 2021. In the absence of a third concrete proposal so far, it is expected
that the government might itself form an SRO complying with the structure in the
IT rules, sources said.



As per the new rules, online real money games will become permissible only when
it is verified by a self-regulatory organisation (SRO). For other online games
which do not involve real money do not require any verification from an SRO.

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Out of the two proposed SROs, one is a joint proposal by gaming companies such
as Games 24×7, Dream 11, etc, that are part of e-gaming Federation (EGF) and the
Federation of Indian Fantasy Sports (FIFS). For the board structure, the SRO
proposal included a retired Supreme Court judge, a cybersecurity expert,
psychologist, among others. The other proposal is by the members of All India
Gaming Federation (AIGF), which includes gaming firms such as Gameskraft,
Nazara, etc.

“The proposals have been submitted. Discussions are going on with regard to the
board structure, timelines for issuing certification to games that will apply
for approval, criteria on which the games will be tested, etc,” an official
said, adding that the focus is to first analyse the proposals received so far
and get started.

The government will initially notify three SROs. The structure of SROs will
involve government-approved entities including people with experience in online
gaming, an educationist, an expert in the field of psychology, individuals
dealing with protection of child rights, an individual with experience in the
field of information and communication technology, and other relevant officials
to be notified by the government.

By the time, the SROs are not notified, the government of India will take the
decisions regarding what is permissible or not, minister of state for
electronics and IT Rajeev Chandrasekhar had said.

“We are starting with three SROs…but there will be multiple SROs. The real issue
is to do with real money gaming and there are other aspects of the rules that
talk about KYC when money is involved, to address the issue of money laundering
with many online gaming platforms,” Chandrasekhar had said at the time of
amendment to IT rules for online gaming in April.

As per the rules, the SROs will have to come up with a framework to define the
content of an online game in a view to safeguard users against harm, ensure that
online gaming companies are taking measures to safeguard children, companies are
mandatory specifying risk of gaming addiction and financial loss through
repeated warning messages at higher frequency beyond a reasonable duration for a
gaming session etc, and measures to safeguard against the risk of financial
frauds.

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The online gaming companies will also have to display a mark of verification by
the self-regulatory body on such games, inform their users of the policy for
withdrawal or refund of deposit, manner of determination and distribution of
winnings, fees and other charges payable, obtain the KYC details of the users,
and not giving credit or enabling financing by third parties to the users.

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First published on: 10-07-2023 at 08:54 IST
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