With growth of online fantasy sports market in India, challenges emerge to ensure it remains 'game of skill'
4 years, 5 months ago

With growth of online fantasy sports market in India, challenges emerge to ensure it remains 'game of skill'

Firstpost  

With growth of fantasy sports industry in India, the challenges have also grown for its self-regulatory body FIFS. With the Indian fantasy sports industry growing rapidly, it faces many key challenges – self-regulation and maintaining standard practices among its members. Federation of Indian Fantasy Sports, self-regulatory body formed in 2017, to protect consumer interest and create standardised best practices in the fantasy sports industry, came out with a business report in collaboration with KPMG, where the findings reveal growth of more than Rs 1,500 crores in last one year. Such occurrences are a huge challenge for FIFS, which is hoping to run a self-regulatory fantasy sports industry in India.

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History of this topic

Decoding India's Online Gaming Landscape: Skill, Chance, and Regulation
9 months, 3 weeks ago

Decoding India's Online Gaming Landscape: Skill, Chance, and Regulation

The Quint  

In recent years, India has witnessed an unprecedented surge in online gaming, transforming it into a thriving industry with immense economic potential. One of the key aspects shaping the online gaming regulatory landscape in India is the distinction between games of skill and games of chance. Real Money Gaming stands out as the dominant model, driving a substantial portion of …

Why MeitY Should Play It Right When Selecting India's Gaming Rules
1 year, 11 months ago

Why MeitY Should Play It Right When Selecting India's Gaming Rules

ABP News  

A November 2022 report by Boston Consulting Group came up with some startling facts and figures on India’s gaming industry. The rules also provide for KYC procedures almost equating the gaming industry with the banking sector, observance of due diligence, establishment of grievance redressal mechanism, prominent publishing of rules and regulations, privacy policy, user agreements, and so on. The rules …

Fantasy Gaming: 1 in 2 Indians Want Loss Limit of Rs 50-500 Per Game
2 years, 1 month ago

Fantasy Gaming: 1 in 2 Indians Want Loss Limit of Rs 50-500 Per Game

News 18  

As the debate on online gaming heats up in India, more than one in two Indians want a loss limit of Rs 50-500 per game for online and fantasy gaming, a report said on Tuesday. For 65 per cent out of 9,507 respondents, online fantasy sports is akin to gambling/wagering or a game of chance with risks in contrast to …

Fantasy gaming: Fast-growing industry opening new opportunities for sports fans
2 years, 2 months ago

Fantasy gaming: Fast-growing industry opening new opportunities for sports fans

Firstpost  

From being just a pastime for a few hobbyists just a decade ago to a multi-billion-dollar industry today, fantasy gaming has truly tapped the potential of the sports-obsessed Indian fans, reaching every nook and corner of the country Fantasy gaming is the new buzzword in India’s fast-evolving sports industry and its growth has been nothing short of meteoric. From being …

Federation of Indian Fantasy Sports welcomes I&B Ministry’s advisory against online betting ads
2 years, 3 months ago

Federation of Indian Fantasy Sports welcomes I&B Ministry’s advisory against online betting ads

The Hindu  

The Federation of Indian Fantasy Sports on Thursday welcomed the Information and Broadcasting Ministry’s advisory to the private television channels, digital news publishers and OTT platforms, asking them not to broadcast or show online betting Referring to its previous advisory dated June 13, 2022, on the same issue, the Ministry on Monday pointed out that the online offshore betting platforms …

India panel calls for regulatory body, new law for online gaming
2 years, 3 months ago

India panel calls for regulatory body, new law for online gaming

The Hindu  

India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on gambling websites, a Central Government panel said in a report seen by Reuters. In its confidential draft report dated August 31, the panel of government officials calls for creation of a new …

Netizens React To Google Okaying Rummy & Daily Fantasy Sports Apps On Play Store
2 years, 3 months ago

Netizens React To Google Okaying Rummy & Daily Fantasy Sports Apps On Play Store

The Quint  

India’s online skill-gaming industry is in the middle of a big positive change as Google announced its one-year pilot programme, starting September 28, 2022, which allows Daily Fantasy Sports and Rummy apps to be available for download on the Play Store. Google Play Store had so far refrained from including apps of skill-based games in India. Considering Indian fantasy sports …

Fantasy Cricket Companies Jump Ship From Federation
2 years, 6 months ago

Fantasy Cricket Companies Jump Ship From Federation

ABP News  

Some fault lines are beginning to crack across the foundations of the previously rock-solid fantasy cricket industry, with several cricket companies pulling out of the Federation Of Indian Fantasy Sports A report revealed three platinum members of the Federation Of Indian Fantasy Sports - MPL, My11Circle and MyTeam11 - have not renewed their membership after profound and unresolvable differences with …

India Can Become the Global Hub of Fantasy Sports
2 years, 10 months ago

India Can Become the Global Hub of Fantasy Sports

The Quint  

Recently, the Karnataka High Court struck down certain provisions of the Karnataka Police Act, 2021 that extended its scope to prohibit even games of skill when played for money or otherwise as unconstitutional and arbitrary. With IPL 2022 just around the corner, the Hon'ble Karnataka High Court's decision spells good news for skill based digital sports engagement platforms like Fantasy …

Online Fantasy Sports: Eagerly Waiting to Come Out of the Grey Zone
3 years, 7 months ago

Online Fantasy Sports: Eagerly Waiting to Come Out of the Grey Zone

News 18  

The online gaming world today is innovating faster than expected and evolving into a large number of variants which is great news for gaming enthusiasts. Today, the online gaming world has multiple forms ranging from Online Fantasy Sports, e-Sports, Online Skill-based Casual Games & Sports that include but not limited to online versions of Carrom, Chess, Billiards, Ludo, Scrabble, Sudoku …

How Indian gamers are making big strides in international esports
3 years, 7 months ago

How Indian gamers are making big strides in international esports

Live Mint  

It may take a few years for the Indian national team to beat Saudi Arabia on the football turf, but in the virtual world, they've already done it. After India’s inclusion this year, the All India Football Federation conducted national qualifiers in March to identify promising esports gamers to represent the country. Though FIFA, the game created by Electronic Arts, …

Gaming Industry Asks for NITI Aayog Guidelines for All Online Skill Games
3 years, 11 months ago

Gaming Industry Asks for NITI Aayog Guidelines for All Online Skill Games

News 18  

The online skill gaming industry has collectively recommended the NITI Aayog to set up a single self-regulatory body to standardise regulations governing the entire skill gaming industry. Like fantasy sports, India’s skill gaming industry suffers from the same byzantine set of state-by-state laws and regulations. “It is a brilliant move to have fair regulations for the online skill gaming industry …

A positive step forward in the regulation of fantasy sports
3 years, 11 months ago

A positive step forward in the regulation of fantasy sports

Live Mint  

The draft ‘Guiding Principles for the Uniform National-Level Regulation of Online Fantasy Sports Platforms in India’ proposed by Niti Aayog have fuelled much discussion around the regulation of online fantasy sports. Similar to their physical counterparts, the operators of online fantasy sports have been early movers in ushering in responsible and effective self-regulation. Niti Aayog’s guiding principles come at a …

Why Regulation of Fantasy Sports Is a Revolutionary Move
4 years ago

Why Regulation of Fantasy Sports Is a Revolutionary Move

The Quint  

Such an approach could help ensure that the fantasy sports industry operates in a manner that continues to benefit and protect the interests of consumers while maintaining an environment that is supportive of innovative operators that follow good governance practices and protocols on responsible conduct with their users. A self-regulatory organisation, if appointed, will establish an independent grievance redressal mechanism …

Explained: Niti Aayog's Draft Regulatory Guidelines for Online Fantasy Gaming In India
4 years ago

Explained: Niti Aayog's Draft Regulatory Guidelines for Online Fantasy Gaming In India

News 18  

Online fantasy gaming may not be new, but after Dream11 featuring as the title sponsor of the recently concluded Indian Premier League cricket tournament, it has certainly received a shot in the arm in terms of its popularity and growth. Niti Aayog, the technology think tank body under the ambit of the central government, has published draft guideline proposals earlier …

Sports Minister Kiren Rijiju says online fantasy sports are 'revolutionising' consumption of sports
4 years ago

Sports Minister Kiren Rijiju says online fantasy sports are 'revolutionising' consumption of sports

Firstpost  

Sports Minister Kiren Rijiju said online fantasy sports platforms are “revolutionising” the consumption of sports in the country. Speaking at the 10th Global Sports Summit: FICCI ‘TURF’ 2020, he said: “I see how fantasy sports is fuelling sports consumption. Online fantasy sports is instrumental in revolutionising the manner in which sports enthusiasts engage with their respective favourite sports.” Harsh Jain, …

60% of Fantasy Sports Users Claim to Follow More Sports Now
4 years, 2 months ago

60% of Fantasy Sports Users Claim to Follow More Sports Now

News 18  

The Federation of Indian Fantasy Sports, India’s first and only self-regulatory industry body for the fantasy sports industry released a study on ‘Understanding the sports consumption behaviour among fantasy sports users’. 60% of fantasy sports users claim to now watch/follow sports more than before because of fantasy sports 2. TV remains the primary source for watching/ following various sports with …

Coronavirus Lockdown: Online Gaming Industry Gets Boost But 'Skyrocketed' Fantasy Segment Completely Shattered
4 years, 8 months ago

Coronavirus Lockdown: Online Gaming Industry Gets Boost But 'Skyrocketed' Fantasy Segment Completely Shattered

News 18  

Ahmedabad/Bengaluru: The until-recently skyrocketing fantasy sports segment of the online gaming industry in India has in last few weeks plummeted and now almost completely shattered due to the Coronavirus crisis. While the fantasy segment has almost no business now, the non-fantasy and casual gaming segments have seen a daily surge of over two fold in the number of gamers during …

Fantasy leagues search far and wide for some sport, any sport
4 years, 9 months ago

Fantasy leagues search far and wide for some sport, any sport

Hindustan Times  

Mumbai: HT Image Last year, at around this time, roughly 60 million people in India were hard at work on fantasy gaming platforms, analyzing team strategies, player performances, and playing conditions to come up with their “dream” XI for the IPL. “IPL is a major event for fantasy gaming platforms in India. We have a user base of over 4 …

My11Circle: New player in the growing world of fantasy sports
4 years, 10 months ago

My11Circle: New player in the growing world of fantasy sports

Op India  

People love playing on their smartphones and handheld devices when they travel. One understands this from the fact that the number of fantasy sports operators as well as fantasy app users on the mobile platform has grown rapidly and steadily. In the 18 years of its existence since being introduced by ESPN in 2001, the user base of all fantasy …

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