The online gaming industry has begun distancing itself from real money gaming (RMG) platforms who are facing regulatory backlash in some states on fears this may impact all online gaming portals in the long run. “I don’t want such firms to tarnish the reputation of our gaming industry," said the founder of a gaming firm, seeking anonymity. Also Read | The global drive to reimagine capitalismMost executives said bans on real money games such as rummy and poker could hurt the entire industry. Tamil Nadu, for instance, banned online gambling from November. “Some investors are also pushing a lot of gaming firms to start making real money games, thinking this will give them higher valuations which is a bad sign."

Source: Mint December 25, 2020 02:15 UTC