This is genuinely a significant step towards legitimizing online games, including real cash games, and has the potential to substantially increase the user base of such video games and increase investor fascination with the Indian online gaming sector. Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2023 introduced rules for online gaming platforms to modify the room. This new set of rules is a breakthrough in the space and an effort to balance innovation and the nhacaicado protection of users. The innovative rules have defined ‘online games’ as the ‘game that is offered on the Internet and is accessible by a user through a computer resource or an intermediary’. It has also given online games the status of intermediaries based on social media intermediaries, therefore, putting on some obligations on online gaming intermediaries.
For instance, under financial transaction safety, Wrang assesses is there any limit on how much a user spends on an online game? The Wranga review framework as mentioned above already has comprehensive guidelines incorporated in terms of categories and subgroups. As far as a detailed analysis is concerned, review framework keenly scans through online games for any shortcomings on the similar lines. This will help to achieve two goals- reduce fraudulent online transactions and users only of a particular age should be able to make accounts on the gaming platforms. The online gaming self regulatory person is 1xbet222 required to comply with the orders passed by the Grievance Appellate Committee also it should upload a report of this compliance on its website Rule 3(7). Just as per the 2023 amendment, online gaming self regulatory body concerned is required to follow certain additional due diligence under Rule 4 also.
It should appoint a Chief Compliance Officer, nodal contact person, along with a q23win resident grievance officer. The concerned online gaming self regulatory body is to publish periodic compliance reports detailing the complaints received and action taken Rule 4(1). It should devise a mechanism for receiving complaints so that the complainant can track the status from the complaint Rule 4(6). It should have a device help to make it possible for users registering from India/India users to voluntarily verify their accounts and pursuantly they are to discover a visible mark or verification Rule 4(7). As a result, Indian users will now be able to differentiate between true real money games and fraudulent ones.