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India plans crackdown on Illegal Betting and Gambling Apps
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Context
The consumer affairs ministry is taking action against advertisements promoting illegal betting and gambling, which violate the Central Consumer Protection Authority (CCPA) guidelines. These ads, often indirect or surrogate, are on the rise during cricket and election seasons.
India's Gaming Market
- Despite regulations, online betting platforms continue to advertise their services, raising concerns about their impact, especially on the youth, and the socio-economic consequences.
- India's gaming market is growing rapidly, expected to reach USD 3.1 billion in FY23 and projected to reach USD 7.5 billion by FY28.
- India ranks as the second-largest gaming market globally, with 15.4 billion game downloads in FY23, second only to China.
- Risks associated with excessive gaming: addiction, health issues from prolonged screen time, social isolation, financial loss from in-game purchases, privacy and security concerns, cyberbullying, and negative effects from violent or aggressive games.
Fact Box:Regulation of Gaming Industry
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