were multiplying<\/a><\/em><\/strong> and targeting unemployed young people in their advertising, while online gambling companies in India were given different technological and legal requirements depending on the region.<\/p>\n\n\n\nThe Court stated that a legislative set up was needed to regulate the emerging online games and virtual games field is needed. \u00a0<\/p>\n\n\n\n
According to Business Standard, it said: “A comprehensive framework by a regulatory body is necessary to regulate the online sports and curb any illegal activities as well. In fact, such regulation of online sports would encourage investment in the sector, which could lead to technological advancements as well as generation of revenue and employment.”<\/p>\n\n\n\n
The Court said it expects the government takes note of the situation to establish suitable legislation, using the judicial precedents.<\/p>\n\n\n\n
It stated: “Needless to say that if the Government intends to pass a legislation in this regard, all the stakeholders should be put in notice and their views should be ascertained.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The Madras High Court in India has said legislation is needed to regulate the sector and to attract investment.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Madras High Court in India has mandated the creation of a comprehensive legislative framework and a dedicated regulatory body for online gaming. This initiative aims to attract investment, curb illicit activities, and standardize the fragmented regulatory landscape, addressing concerns over the proliferation of unregulated platforms targeting vulnerable demographics.","focusai_entities":"Madras High Court, RummyPassion, Nazara, LeoVegas, Spartan Poker, Ace2Three, PokerDangal, Pocket52, My11Circle, Genesis Casino, Business Standard","focusai_location":"India, Tamil Nadu","focusai_target_profile":"ceo_executive (0.95), regulator (0.99), compliance_legal (0.98), operator_casino (0.97), affiliate_publisher (0.85), marketing_crm (0.8), payments_fraud_aml (0.9), investor_analyst (0.96), supplier_vendor (0.92), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Legislative Framework Details?","query":"What specific legislative provisions and governance frameworks are anticipated to be included in the proposed online gaming regulation, particularly concerning B2B\/B2C licensing and gaming verticals?"},{"label":"Impact on Existing Operators?","query":"How will the proposed regulatory body address the status of existing online gaming operators, particularly those currently operating in a legal grey area, regarding licensing, compliance, and market access?"}],"footnotes":""},"categories":[156,16334],"tags":[337],"class_list":["post-8418","post","type-post","status-publish","format-standard","hentry","category-regulation-news","category-south-asia-news","tag-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=8418"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8418\/revisions"}],"predecessor-version":[{"id":8449,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8418\/revisions\/8449"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}