Fantasy Games And Online Betting System

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Fantasy game or fantasy sports is also normally known less commonly as rotisserie or roto kind of game and often played using the Internet, where participants assemble imaginary or virtual teams of real players of a professional sport. These teams compete based on the statistical performance of those players when they play actual games.

 

While using the internet you can play fantasy games. This is the best option to play fantasy games on the internet, where participants assemble imaginary or virtual teams composed of proxies of real players of a professional sport. This performance is changed into points that are compiled and calculated according to a roster selected by each fantasy team’s manager. These point systems are simply calculated by a “league commissioner” who coordinates and manages the entire league, or points can be compiled and calculated using computers tracking actual results of the professional sport. In fantasy games, team owners draft, trade, and cut players, compared to real sports.

 

The Legality Of Fantasy Sports And Online Betting

 

Betting and gambling are regulated by The Public Gambling Act, 1867 (PGA), which disallows all forms of gambling activities and betting on games of chance. The PGA has no provision for online gambling, so no particular law bars online betting  in India. Online gambling in India can be played in the form of crosswords, quizzes, card games, or fantasy sports.

 

In order to regulate platforms offering such games, Indian laws differentiate between betting on games of chance and staking on games of skill. There is a strict prohibition on participation and offer of games of chance, while jurisprudence has taken a more favorable position with games of skill. Some versions of fantasy sports games can be argued to be a mostly skill-based game.

 

Guiding Principles For Ofsp Which Is Also Known As Online Fantasy Sports Platforms 

 

If we would say this is based on the above observations then it's not wrong, the discussion paper proposes the following guiding principles for operating an OFSP smoothly in India.

 

1 – Promoting Skill-Based Games

 

The discussion paper strongly suggested only allowing games that depend on the chance of winning due to their skill. It suggested the OFSP’s maintain vital statistical data of all their players and submit them to a self-regulatory body.

 

2 – Prohibit Services to Minors

 

The paper also strongly advises against offering paid games to users who fall under the age of 18 and are therefore considered minors in fantasy games. The OFSP’s are required to put in place protection that prevents minors from engaging with their contests.

 

3 – Real-World Imitation

 

Online Fantasy Sports Platforms are needed to emulate the contests and games of the real world as closely as possible. This is advised to prevent any elements of ‘chance’ from being introduced in the contests unless they have been allowed by an independent evaluation committee.

 

4 – High Transparency

 

All the terms and conditions to its users are already crystal clear. The terms should be uniformly applied across all aspects of the contests with regard to rewards, opportunities, and rules. The users should also have easy access to a robust redressal mechanism to make their grievances known.

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