To enable India to emerge as a “global gaming innovation hub,” policymakers should establish a conducive ‘light-touch’ regulatory environment and implement robust support mechanisms. The All India Gaming Federation (AIGF) proposed that the industry should significantly contribute to the economic and cultural growth of the country.
The All India Gaming Federation (AIGF) represents over 150 members in the online gaming sector. Previously, it submitted proposals to the Telecom Regulatory Authority of India (TRAI) for the National Broadcasting Policy 2024 consultation paper.
The Telecom Regulatory Authority of India (TRAI) released a consultation paper on inputs for formulating the National Broadcasting Policy 2024. The release included the AIGF’s submitted opinions.
The AIGF highlighted in its submission the exponential growth of online gambling industry in India. The sector’s current value is $2.2 billion, and it is projected to reach $4 billion by 2026. This potential underscores the need for a progressive regulatory framework.
The federation highlighted India’s 450 million online gamers. Pay-to-play gaming constitutes 83 percent of the sector’s revenues. Additionally, free-to-play games and esports are showing robust growth.
AIGF CEO Roland Landers commented on the consultation, stating that as the industry is in its infancy, the federation supports the Prime Minister’s call for top-down regulation. A light-touch approach would provide the industry with an organized legal structure, fostering the growth and reputation of online gambling.
Landers commented that they advocate for progressive regulation focusing on consumer safety, competition, and innovation ease. They believe that with such a framework, online gaming can become the cornerstone of the $1 trillion digital economy as envisioned by the Honorable Prime Minister.
