online gaming

News and Trends

幻想体育Made INR 2800 Crore In IPL 2023: Report

Redseer's analysis shows a 24% jump in gross gaming revenue from INR 2250 crore in IPL 2022, and the market has grown at a CAGR of 30% since IPL 2019

News and Trends

I-T Department Issues New Taxing Guidelines for Online Gaming

The Central Board of Direct Taxes issued circular 'Guidelines for removal of difficulties under sub-section (3) of section 194BA of the Income-tax Act, 1961' shared that anyone who is responsible for paying any income by means of winnings through online games is required to deduct income tax on the net income from the user's account

News and Trends

Government Announces New Online Gaming Rules; Industry Lauds the Move

Under the new rules, real money games involving wagering or betting have been prohibited. Permissible online games are referred to as those games which do not involve wagering, use harmful content, and do not create any addictive consequences for young users.

Entrepreneurs

Nitish Mittersain: The Game Theorist

The CEO, founder and joint MD of gaming unicorn takes us through his journey from being a gamer to building a large diversified gaming company. He is on Entrepreneur India's Digital Cover for February 2023

News and Trends

Studio Sirah Raises $2.6 Million In Pre-Series A Funding Round

The company plans to utilise the funds to globally launch its flagship gaming title, Kurukshetra: Ascension, by June 2023

News and Trends

Giga Fun Studios Raises $2.4 Million In Seed Funding Round

The company will utilise the funds to create a new benchmark in casual games built to high quality for Indian and global audiences

News and Trends

Government Proposes To Ban Online Betting Advertisements On Social Media Platforms: Report

It is advised that social media platforms must also display that a certain online game has been registered with the self-regulatory body

News and Trends

Government Proposes Self-Regulation For Online Gaming Companies

MoS Rajeev Chandrasekhar said that online gaming companies will not be allowed to engage in betting on the outcome of games under the principle laid in draft rules

Cryptocurrency / Blockchain

Why NFTs Will Shape the Future of Gaming

Traditional games monetize by perpetuating a flow of value where players invest their time and money, only to increase the profits retained by game developers. Conversely, NFTs enable players to capture the value they create within the ecosystem.

News and Trends

Panel Of Ministers Likely To Recommend 28 Per Cent GST On Online Gaming

According to an EY-All India Gaming Federation Report, it is said that online gaming industry has the potential to generate $2 billion by 2023

News and Trends

Web3 Cricket Strategy Game Cricinshots Raises Pre-Seed Fund

The fund raised will be utilized to accelerate the product development and strengthen the team

News and Trends

GoM To Submit Report On Online Gaming Taxation

The sources also said that the GST council is likely meet during the end of this month or by early September to discuss about the report by GoM

News and Trends

Lysto Raises $12 Million In Pre-Series A Funding

Lysto aims to standardize gamer credentials and reputation across the industry through proof of play protocol

News and Trends

Super4 Enters Fantasy Gaming Sector With INR 10 Crore Seed Fund

印度卢比的支持下10从印度卢比的探讨tors, Super4 intends to expand and strengthen its team across multiple verticals and kickstart its venture into the fantasy gaming market

Noticias

Netflix busca cautivar a las jóvenes generaciones por medio de videojuegos, aunque pocos conocen el servicio

La plataforma del streaming ofrece desde finales de 2021 24 distintos videojuegos para dispositivos móviles. Lo más probable que no si quiera estés enterado de su existencia.