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Fantasy sports platforms have gained immense popularity in India over recent years, with several homegrown products leading the market. Major Indian fantasy sports platforms include Dream11, MyTeam11, and MPL, which allow users to create virtual teams and compete based on real-life sports performances.
The regulatory landscape for fantasy sports in India is primarily governed by the Public Gambling Act of 1867, which generally prohibits gambling activities. However, fantasy sports are considered games of skill rather than chance, making them legally permissible. Several Indian states, including Karnataka, Tamil Nadu, and Telangana, have implemented specific regulations or restrictions on fantasy sports operations.
Indian fantasy sports platforms must comply with various regulations, including user verification processes, responsible gaming measures, and taxation requirements. The Goods and Services Tax applies to platform commissions, and user winnings may be subject to Tax Deducted at Source under Indian income tax laws.
The future of fantasy sports regulation in India continues to evolve, with ongoing discussions about consumer protection standards, advertising guidelines, and potential self-regulatory frameworks to ensure sustainable growth of this rapidly expanding industry. |
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发表于 2025-11-4 17:18:27