New online gaming regulations will be effective October 1 – Ashwini Vaishnaw

Union IT Minister Ashwini Vaishnaw announced new online gaming regulations, effective Oct 1, banning real money gaming (RMG), related ads, and financial transactions. Penalties up to ₹3 Cr apply. India’s $4.3B RMG sector, backed by $3B investments, faces disruption. Dream11 pivots to Dream Money, while others explore new models. Firms like Gameskraft, Games24x7, MPL, Zupee, and Pokerbaazi have cut jobs amid restructuring.