Blanket ban on online real money gaming will kill jobs, revenue, innovation: minister Priyank Kharge

Karnataka’s Minister Priyank Kharge has warned against a complete prohibition of online real-money gaming, arguing that such a sweeping ban would severely harm the sector’s employment, revenue generation, and innovative potential. He believes a blanket ban represents an overly simplistic approach to regulating a complex industry. The minister’s statement highlights the significant economic contributions of the online gaming sector, suggesting that a more nuanced regulatory framework is needed.

The potential job losses stemming from a complete ban are a major concern. The online real-money gaming industry employs a substantial workforce, ranging from software developers and game designers to customer service representatives and marketing professionals. A ban would lead to widespread unemployment and economic hardship for these individuals. Furthermore, the sector contributes significantly to state and national revenues through taxes. Eliminating this revenue stream would negatively impact public finances.

Beyond the economic implications, Kharge’s comments emphasize the potential stifling of innovation. A blanket ban would halt the development of new games, technologies, and business models within the sector. India’s burgeoning tech industry benefits from the creativity and competition fostered within the online gaming space. A restrictive approach risks hindering the growth of a dynamic and potentially lucrative sector. Minister Kharge’s position advocates for a more balanced approach, one that prioritizes responsible regulation rather than outright prohibition. This would allow the industry to continue contributing to the economy while addressing any concerns related to responsible gaming practices. The debate over the regulation of online real-money gaming in India continues, with stakeholders weighing the benefits of a thriving industry against the need for consumer protection.