In a significant development for the gaming industry, gaming startups and firms are joining forces to create two self-regulatory bodies (SRBs). These bodies aim to streamline regulations and foster responsible gaming practices within the sector. The Ministry of Electronics and Information Technology (MeitY) will play a crucial role in determining the number of SRBs and the composition of their boards of directors. This article delves into the details surrounding this collaborative effort and its potential impact on the gaming landscape.
Formation of Self-Regulatory Bodies
According to a recent report in The Economic Times, gaming startups are actively working on establishing two SRBs. The All India Gaming Federation (AIGF) members are spearheading the formation of one regulatory body, while the other body is set to emerge from firms associated with the e-gaming Federation (EGF) and the Federation of Indian Fantasy Sports (FIFS).
Board of Directors
Prominent individuals from diverse backgrounds have been approached to serve on the boards of these SRBs. The joint SRB, comprising members from EGF and FIFS, has approached retired Supreme Court Justice AK Sikri, retired IT ministry scientist Rakesh Maheshwari, former national cybersecurity coordinator Gulshan Rai, and former Chief Information Commissioner Bimal Julka to contribute their expertise.
MeitY’s Decision and Timelines
The final decision regarding the number of SRBs and the composition of their boards of directors rests with the Ministry of Electronics and Information Technology. It is expected that MeitY will grant approval for the formation of these SRBs within the next two weeks, as per the report.
The Proposed Testing Framework
The joint SRB, consisting of EGF and FIFS members, has put forth a proposal for a comprehensive “testing framework.” This framework aims to provide an objective assessment to differentiate games based on skill and chance. The SRB intends to submit the framework to MeitY on Tuesday.
Certification Process
Under the proposed testing framework, gaming companies seeking certification will undergo a series of seven tests. To obtain provisional certification to operate in India, a game must pass at least six of these tests. Following this, the game developers will have up to three months to secure the seventh certification. Once achieved, they can apply for the final certificate, ensuring compliance with the regulatory guidelines.
Readmore: How To Motivate A Teenager With ADHD -Complete Guide
Conclusion
The collaborative efforts of gaming startups in forming two self-regulatory bodies represent a significant step towards fostering responsible gaming practices in India. With the Ministry of Electronics and Information Technology playing a pivotal role, the regulatory landscape for the gaming industry is poised to evolve positively. The proposed testing framework and certification process aim to establish clear guidelines for determining games of skill and chance. This development showcases the industry’s commitment to self-regulation while addressing concerns related to responsible gaming and consumer protection.
Read more Business News
Author Disclaimer
I, Jones, am an experienced professional in the field of news, specifically focused on tech news, startup news, and VC funding news. The information and analysis provided in this blog are based on my expertise and industry knowledge. However, please note that the content is for informational purposes only and should not be considered as financial or investment advice. Readers are encouraged to conduct their own research and consult with professionals before making any financial decisions. I cannot be held liable for any inaccuracies, errors, or omissions in the content or any actions taken based on the information provided in this blog.