New report warns of money laundering in Indian iGaming sector

India now has 442 million gamers, making it the second-largest gaming market globally, with China being the only country to surpass it.

Among other issues, India is coping with money laundering issues related to the gaming industry, just like the other major gaming hubs in the world.


Stricter laws are required to safeguard the nation's digital economy from illicit activity, according to a recent report.

 

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India now boasts an impressive 442 million gamers, ranking it as the second-largest gaming market globally, only behind China. However, the rapid growth of its gaming sector has brought challenges, notably concerns over money laundering activities within the industry. As gaming hubs around the world face similar issues, India is now under pressure to strengthen regulations to safeguard its digital economy from illicit activities and financial risks associated with the gaming landscape. A recent report emphasizes the need for stricter laws to maintain security and integrity in this booming sector.