The Karnataka Legislative Assembly has passed the Karnataka Police (Amendment) Bill, 2021, to ban online gambling and betting involving all forms of wagering, including in the form of tokens valued in terms of money paid before or after their issue.
The act seeks to ban all gambling using electronic means and virtual currency, and electronic transfer of funds in connection with any game of chance.
The act seeks to amend the Karnataka Police Act, 1963, to make online gambling punishable with imprisonment of three years and a penalty of up to INR100,000 (USD1,330).
The law will be a setback for India’s fledgling online gaming industry, which had received a shot in the arm from several high court judgments and a recent Supreme Court judgment that all drew a distinction between games of skill and games of chance.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
The Business Law Digest is written and researched by Mithun Varkey.
