The consensus is emerging that games based on the skill of a player are not games of chance, and thus are within the legal framework for online gaming. The government of India is also seemed to come to the same view. It proposed a draft regulatory frame for online games, which is under discussion among various stakeholders. The whole idea of the government is to create a favourable environment for the online industry for its further growth.
The attention by the leading investors and government has come after the online gaming industry saw phenomenal growth in last few years. It is not that players are coming for entertainment only. Some professionals are upskilling to create chances for big rewards through skills. In this regard, it would be interesting to note that games that are already played by players’ offline, also see growth online. For example, sky exchange cricket betting, sky exchange-id.info is popular because players can leverage their knowledge of cricket to win big prizes in real money. The second related factor is the safety of their deposit through a virtual deposit account, which is provided to every player. It is the responsibility of popular and famous online platforms to ensure fast withdrawal facilities to winning players.
The proposed amendments in the information technology rules, 2021 also ensure that those online platforms which are operating within the country get legal support. This makes already authorised and certified online gaming players generate trust among players.
The higher courts in the country have already demarcated skilled-based games from chances-based games. This was the first recognition of the online industry. Now the law itself is giving support to the industry. This will only lead to further investment in technology, the creation of new games, and more and more players using skills on sky exchange cricket betting, sky exchange-id.info for earning big. It has been noted that the opportunity to earn prize money is also a factor in the popularity of online games.
