68% People Want The Fantasy Sports Sector Regulated By The Govt
In a latest report by LocalCircles, an online community platform, 68% of people want the government to create a proper code for the regulation of online fantasy sports. However, there’s a good 63% of people who do not want the government to give legal recognition and protection to online fantasy sports platforms.
The survey received over 50,000 responses which included 21,000 unique citizens from 309 districts in India. Among the people who voted, 47% respondents were from tier 1 districts, 29% from tier 2 districts and 24% were located in tier 3, 4, and rural districts of India. The gender demographics of the survey are also interesting. 69% of respondents were men while 31% were women. It’s also important to note that 12% of the respondents who voted are playing on online fantasy sports websites or have someone in their families playing online fantasy sports.
Despite the fact that courts in India have asked the online fantasy sports platforms to proceed by agreeing with their rationale of calling them skill gaming as opposed to betting, Assam, Odisha, Telangana, Nagaland, Sikkim, Tamil Nadu, and Andhra Pradesh have banned fantasy sports altogether!
The voters additionally objected to the publicizing and marketing of these platforms during Indian Premier League (IPL) which draws in a huge number of watchers across age across. 54% of citizens were clear in their stance that “should not be permitted to show advertisements at all”, while 10% said “can’t say”. Sachin Taparia, the Managing Director of LocalCircles, said,
“If the consumer is informed of the risks effectively via advertisements as well as while they are engaging on the platform, the responsibility of making an informed choice then lies with the consumer. While such an approach may impact growth in the immediate term for the platforms, it is likely to provide responsible long-term growth and will change the discussion with state administrators from ban/no ban to how to operate with increased responsibility and let the consumer make the choice.”
In a recent turn of events, NITI Aayog has issued guidelines to regulate the OFS sector which stands at ₹2,400 crores in FY20, through a self-regulatory body. They are also looking to introduce a proper framework of rules and standards for the sector!