
Real money gaming industry bodies issue code of ethics prescribing KYC, spending limits
real money gaming companies, AIGF, EGF and FIFS, have jointly signed a "code of ethics" which their member companies will adopt for promoting user safety and responsible gaming practices, including KYC verification, spending limit etc, a join statement said on Monday. The members of these gaming industry bodies include Dream11, My11Circle, Khelo Fantasy Live, SG11 Fantasy, WinZO, Games24X7, Junglee Games etc.
«The All India Gaming Federation (AIGF), the Federation of Indian Fantasy Sports (FIFS), and the E-Gaming Federation (EGF), today jointly signed a 'Code of Ethics' (CoE)
»The CoE is aimed at enforcing consistent standards of user safety across the industry through the implementation of responsible gaming and advertising policies and mandates annual third-party audits and comprehensive reporting mechanisms to ensure accountability and transparency," the statement said.
The statement claimed that CoE has been created based on global best practices and lays down a strong framework for responsible gaming, such as age-gating, adopting stringent KYC and enabling user-set spending limits and self-exclusion.
«It will apply to all online gaming operators who are members of the federations and offer skill-based real-money gaming services in India and safeguard the interests of over 50 crore Indian gamers,» the statement said.
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