Get legal advice from Fantasy Sports Lawyer India at Krida Legal

The online gaming industry in our country has seen massive growth in the past few years, especially during the pandemic. But lack of uniform regulations and legal framework has failed to provide these games a legal acceptance and source of revenue for the country’s economy and growth. While skill-based online gambling is garnering acceptance and popularity various other games of chances eg. Gambling is still frowned upon. Legal Experts at Krida Legal having years of expertise in understanding Sports Law India state that some state legislations such as Goa, Sikkim, Nagaland have legalized gambling but the majority of the states are still averse to legalizing gambling.

Fantasy sports are those online games where predictions are made by creating virtual teams of actual players from various sports fraternities such as the Indian Premier League (IPL), National Basketball Association (NBA), etc as elaborated by Fantasy sports lawyer India at Krida Legal. Gamers function as managers who create this team and win points based on real-life statistics of these players converted into fantasy points. Thus, managers win fantasy points based on how real-life performances of the selected players in actual sports are. Managers contend with one another and with their employees. Various Indian fantasy sports websites include Dream11 and My Circle 11. The Indian Fantasy Sports Federation is a self-regulatory body of the fantasy sports industry. There is a charter for online fantasy sports sites provided by FIFS which currently has 35 members. It protects the interests of customers involved in pursuing fantasy sports and elaborates the ground rules for its members. The Internet & Mobile Association of India (IAMAI) which issues guidelines for self-regulation of advertising has also been accepted by the FIFS.

While Sports Law India does regulate the offline industry and the NITI Aayog guidelines do work towards legitimizing the online industry including fantasy sports, online gaming continues to be unregulated. Various states like Goa, Sikkim have also created rules for online skill games. But there is still a long way to go to protect the legal rights of the companies creating these fantasy games as well as people who are pursuing these games.

Contact Krida Legal having some of the best Fantasy sports lawyer India online at http://www.kridalegal.com/ to seek legal advice on sports laws in our country


SOURCE URL: https://medium.com/@kridalegal/get-legal-advice-from-fantasy-sports-lawyer-india-at-krida-legal-22130b522c40

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