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