With this, the industry aims to reinforce commitment to safe, trusted and accountable gaming at the Indian Gaming Convention 2023
The online gaming industry has signed a voluntary ‘Code of Ethics for Online Gaming Industries’ at the Indian Gaming Convention (IGC), organised by the Internet and Mobile Association of India (IAMAI) and co-powered by the Federation of Indian Fantasy Sports (FIFS) and the E-Gaming Federation (EGF).
The voluntary Code of Ethics, curated by IAMAI, was signed by the Federation of Indian Fantasy Sports, the E-Gaming Federation and the All India Gaming Federation (AIGF). It will serve as a ‘Joint Declaration of Intent’ by the signatories to commit to building a safe, trusted and accountable digital gaming industry with a focus on user protection.
“We at IAMAI are happy to have curated the Voluntary Code of Ethics for Online Gaming Intermediaries, which has been signed by four industry bodies representing the digital gaming sector in India. This is a progressive step towards building a transparent and accountable gaming ecosystem with a focus on consumer protection,” Subho Ray, president, IAMAI, said.
Through sessions on pertinent issues such as ‘Building a Robust National Regulatory Framework for Online Gaming’, industry stakeholders engaged in dialogues highlighting the industry’s collective acknowledgement of the need for clear and comprehensive regulations.
A report titled ‘Regulatory Roadmap for Online Real Money Gaming,’ by Parinam Law Associates, offered critical recommendations for a regulatory framework that balances the interests of all stakeholders, ensuring responsible growth in the online gaming industry in India.
Joy Bhattacharjya, director general, FIFS, added, “With close to 50 crore actively engaged users, India’s gaming industry is a sunrise sector. The ‘Code of Ethics’ for Online Gaming intermediaries reinforces the industry’s commitment towards growing the sector, contributing to the Prime Minister’s vision of becoming a $1 trillion Digital economy and creating a safe, trusted and accountable gaming ecosystem.”
Shri Rajeev Chandrasekhar, minister of state for skill development and entrepreneurship and electronics and information technology, Government of India, addressed the IGC through a written message. In his message, he emphasised the importance of the Online Gaming industry. He said, “I would like to reiterate and reaffirm that the Government of India considers online gaming as an important part of our $1 Trillion Digital Economy Goal.”
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