The Supreme Court upheld a 28% retrospective GST on the full face value of online gaming bets and affirmed states' rights to ban such games. This shift to a turnover taxation model threatens the Real Money Gaming (RMG) industry's financial survival.
Click to View MoreThe Promotion and Regulation of Online Gaming Bill, 2025, proposes a ban on online money games, including skill-based ones like fantasy sports, to combat addiction, financial losses, and illicit activities. However, it also raises concerns about job losses and the rise of the illegal betting market, highlighting constitutional ambiguities.
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