The Daily Brief In India, all (online) bets are off
11 snips
Aug 22, 2025 India's recent ban on real-money gaming raises questions about online regulation and social welfare. The podcast examines the implications for stakeholders in the digital market. It also delves into the complexities of India's Goods and Services Tax system, eight years after its launch. Challenges persist for small businesses, and calls for reforms highlight the need for a more efficient tax structure. Economic shifts, such as hydropower growth and changes in public sector lending, further emphasize the ongoing evolution of India's economy.
AI Snips
Chapters
Transcript
Episode notes
Nationwide Ban Overrides Skill Distinction
- The 2025 bill bans monetized online games regardless of skill, overturning a 19th-century skill vs chance legal framework.
- This central framing treats online platforms as a national issue to sidestep state control over gambling.
Government Frames Ban As Welfare And Security
- The government justifies the ban on social welfare and national security grounds, citing addiction, financial distress and money‑laundering risks.
- Officials argue prohibition plus esports promotion will reduce harm and curb offshore unregulated platforms.
Operators Pause Or Exit Indian Market
- Industry responses are immediate with apps like Probo pausing recharges and major players reconsidering their India businesses.
- Dream11 reportedly may wind down its real‑money segment, signalling large revenue disruption in the sector.