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• If enacted, fantasy sports and their operators would be regulated under a licensing regime.
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xiv As mentioned above in endnote 3 above, fantasy sports conducted over an online medium (in the current structure of having a buy-in and users thereafter expecting monetary rewards based on their performance) run the risk of being construed as an online money game. Having said that, please note that the legal framework pertaining to the specific sphere of online gaming is set to be overhauled with the recent passing of the Promotion and Regulation of Online Gaming Act, 2025 by the Indian Parliament, with the New Act also having received Presidential Assent. The New Act applies throughout India, including platforms operated from outside India but accessible within Indian territory.