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The online gaming market is booming with technology. Now, fantasy sports and online flash games are not only for entertainment purposes. newplay88 are platforms to show your skillset and use your knowledge to win exciting rewards. Because the launch of the first gaming in 1950, the web game has never stopped growing.
Online Gaming Business Across the World
In the year 2020, the global gaming market was approximately $62 million. As per the statistics, the business enterprise will be worth $300 billion by 2026. newplay88 makes almost 50% of the share market and generates revenue worth $80 billion. Online gaming may be the category of streamliners, developers, publishers, gaming arenas, coaches, and 2.5 billion users around the world.
The start-ups of online gaming have grown in India, in the last few years and attracted huge funding from both domestic and foreign investors of more than $ 1 million. The shares of gaming platforms are split between the US and China equally 24 % each, in the Asia-Pacific excluding China is 23%, Latin America has 4%, Canada has 2% and finally, Europe, Africa, and the Middle East holds 23 % of shares.
Even with such huge success and a large user base, the Indian government is not considering the online game legal. In various states of India, playing fantasy sports isn't allowed and is considered gambling. Pandemic has just doubled the growth of the online games and fantasy sports industry in India regarding both fantasy sports app development & fantasy sports app platforms.
Government should look at online gaming with an open mind and understand it in-depth, rather than considering all online games, gambling. Government can target betting and gambling but should spare fantasy sports. However, fantasy sports can help the government to generate huge revenue and raise the economy of the united states.
Types of Online Gaming
Fantasy Sports
Probably the most popular gaming platforms for sports fans. Online fantasy is totally different from other gaming styles. The user creates their team online of real players playing out there on the floor. The user's performance completely depends on the ball player and real-life statistics of the overall game.
IPL is the most beloved format of Fantasy Sports in India. Along with playing the game, many users religiously follow the score and live matches on the fantasy Sports platforms. It is not a casino game of chance; you will need skills and understanding of the overall game to play and win rewards. "NITI Aayog" has released guidelines to play fantasy sports. Users can play fantasy sports free of charge and real money.
The fantasy sports industry is growing and the user base is increasing exponentially. Because of the involvement of money and few cases on the fantasy platform, the government considered it as a gambling platform and doesn't contemplate it legal on the central level. The web fantasy platforms follow all of the rules of the Advertising Standards Council of India.
Homepage: https://newplay88.codecauldron.org/
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