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The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector’s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>“The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court’s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry’s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,” said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans’ lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India’s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: sliderImage [<b>APP/View/Releases/release.ctp</b>, line <b>102</b>]<div id="cakeErr62906d930f197-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62906d930f197-code').style.display = (document.getElementById('cakeErr62906d930f197-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr62906d930f197-context').style.display = (document.getElementById('cakeErr62906d930f197-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr62906d930f197-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB">                            $img</span><span style="color: #007700">=</span><span style="color: #DD0000">'<img  title="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'image_text'</span><span style="color: #007700">].</span><span style="color: #DD0000">'" alt="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'image_text'</span><span style="color: #007700">].</span><span style="color: #DD0000">'"  src="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$imgurl</span><span style="color: #007700">.</span><span style="color: #DD0000">'" class="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'id'</span><span style="color: #007700">].</span><span style="color: #DD0000">'">'</span><span style="color: #007700">;</span></span></code> <code><span style="color: #000000"><span style="color: #0000BB">                        </span><span style="color: #007700">} else {</span></span></code> <span class="code-highlight"><code><span style="color: #000000"><span style="color: #0000BB">                            $img</span><span style="color: #007700">=</span><span style="color: #DD0000">'<img  title="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'image_text'</span><span style="color: #007700">].</span><span style="color: #DD0000">'" alt="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'image_text'</span><span style="color: #007700">].</span><span style="color: #DD0000">'"  src="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$sliderImage</span><span style="color: #007700">.</span><span style="color: #DD0000">'" class="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'id'</span><span style="color: #007700">].</span><span style="color: #DD0000">'">'</span><span style="color: #007700">;</span></span></code></span></pre><pre id="cakeErr62906d930f197-context" class="cake-context" style="display: none;">$viewFile = '/home/q6q2vhgk77o3/public_html/app/View/Releases/release.ctp' $dataForView = array( 'data' => array( 'PressRelease' => array( 'id' => '6047', 'company_id' => '0', 'staff_user_id' => '1', 'admin_user_id' => '1', 'submitted_by' => 'admin', 'plan_id' => '1', 'title' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction', 'slug' => '6047-rajasthan-looks-to-the-fantasy-sports-sector-fifs-calls-it-a-move-in-the-positive-direction.html', 'summary' => '', 'body' => '<p>In a move applauded by the industry, Hon&rsquo;ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. 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The Rajasthan Government&rsquo;s budget announcement aligns with the growth of this emerging industry.</p> <p>In a vide judgement dated July 30th, 2021, the Hon&#39;ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab &amp; Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p> <p>In alignment with Hon&rsquo;ble Prime Minister&rsquo;s vision of &lsquo;Atmanirbhar Bharat&rsquo;, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. 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The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.</p> ', 'msa_id' => '0', 'state_id' => '0', 'country_id' => '101', 'iframe_url' => '', 'contact_name' => '', 'phone' => '', 'email' => '', 'zip_code' => '', 'translated_page' => false, 'release_date' => '2022-03-04 17:00:00', 'stock_ticker' => null, 'status' => '1', 'created' => '2022-03-07 17:16:32', 'disapprove_date' => '2022-04-08 15:30:00', 'disapproval_reason' => 'Your press release has been disapproved.', 'is_paid' => false, 'views' => '164', 'contact_phone' => '', 'pr_logo_path' => null, 'pr_logo' => null, 'tos' => true, 'seo_key_words' => 'FIFS, Fantasy Sports, Rajasthan,', 'ip_address' => '103.59.75.217', 'import_status' => false, 'updated' => '2022-05-27 10:24:57' ), 'Plan' => array( 'id' => '1', 'plan_category_id' => '2', 'plan_type' => 'single', 'name' => '', 'price' => '0.00', 'features' => '', 'credit_to_charge' => '0', 'words_release' => '0', 'words_release_amount' => '0.00', 'translation_amount' => '0.00', 'number_pr' => '1', 'add_word_limit' => '0', 'add_word_amount' => '0.00', 'category_limit' => '0', 'add_category_charges' => '100.00', 'msa_limit' => '0', 'add_msa_charges' => '0.00', 'state_limit' => '4120', 'add_state_charges' => '0.00', 'bulk_discount_amount' => '0.00', 'cycle_period' => 'monthly', 'cycle_number' => '0', 'setup_fee' => '0.00', 'translate_charges' => '0.00', 'status' => '1', 'updated' => '2019-05-23 12:44:02', 'created' => '2019-05-23 12:44:02', 'PlanCategory' => array( 'id' => '2', 'parent_id' => '1', 'lft' => '2', 'rght' => '3', 'name' => 'Single Online Media Post™', 'slug' => 'single-online-media-post', 'description' => '', 'meta_title' => '', 'meta_keyword' => '', 'meta_description' => '', 'word_limit' => '5000', 'is_country_allowed' => true, 'is_state_allowed' => true, 'is_msa_allowed' => true, 'status' => '1', 'update_status' => '0', 'is_translated' => false, 'updated' => '2019-05-23 12:29:29', 'created' => '2019-05-23 12:29:29' ) ), 'Company' => array( 'id' => null, 'name' => null, 'slug' => null, 'organization_type_id' => null, 'job_title' => null, 'country_id' => null, 'state' => null, 'zip_code' => null, 'symbol' => null, 'address' => null, 'fb_link' => null, 'twitter_link' => null, 'youtube_link' => null, 'instagram' => null, 'pinterest' => null, 'contact_name' => null, 'email' => null, 'phone_number' => null, 'city' => null, 'fax_number' => null, 'web_site' => null, 'blog_url' => null, 'tumblr' => null, 'linkedin' => null, 'about_us' => null, 'description' => null, 'hear_about_us' => null, 'logo' => null, 'logo_path' => null, 'banner_image' => null, 'banner_path' => null, 'term_and_conditions' => null, 'status' => null, 'approved_by' => null, 'payment_status' => null, 'disapproval_reason' => null, 'disapproval_date' => null, 'suspended_date' => null, 'updated' => null, 'created' => null ), 'PressSeo' => array( (int) 0 => array( 'id' => '32757', 'press_release_id' => '6047', 'keyword' => 'FIFS', 'slug' => 'fifs', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32', 'PressRelease' => array( [maximum depth reached] ) ), (int) 1 => array( 'id' => '32758', 'press_release_id' => '6047', 'keyword' => ' Fantasy Sports', 'slug' => 'fantasy-sports', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32', 'PressRelease' => array( [maximum depth reached] ) ), (int) 2 => array( 'id' => '32759', 'press_release_id' => '6047', 'keyword' => ' Rajasthan', 'slug' => 'rajasthan', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32', 'PressRelease' => array( [maximum depth reached] ) ) ), 'PressYoutube' => array(), 'PressImage' => array( (int) 0 => array( 'id' => '4609', 'press_release_id' => '6047', 'describe_image' => '', 'image_text' => '', 'image_name' => '6225f0956889f.png', 'image_path' => '2022/03/07', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32' ) ), 'PressPoadcast' => array(), 'Category' => array( (int) 0 => array( 'id' => '30', 'parent_id' => '0', 'lft' => '11', 'rght' => '12', 'name' => 'India', 'slug' => 'india', 'meta_title' => '', 'meta_keyword' => '', 'meta_description' => '', 'status' => true, 'is_deleted' => false, 'update_status' => '0', 'updated' => '2019-10-31 12:32:24', 'created' => '2019-10-31 12:32:24', 'CategoriesPressRelease' => array( [maximum depth reached] ) ), (int) 1 => array( 'id' => '10', 'parent_id' => '0', 'lft' => '37', 'rght' => '38', 'name' => 'Sports', 'slug' => 'sports', 'meta_title' => 'Sports Press Release Distribution | Submit Sports PR Online', 'meta_keyword' => '', 'meta_description' => 'Take a look at these high-performing sports pressers, with photos and videos distributed by EasyPressWire. Join the league and submit your sports PR online for free!', 'status' => true, 'is_deleted' => false, 'update_status' => '0', 'updated' => '2020-02-06 19:29:24', 'created' => '2019-06-21 16:20:16', 'CategoriesPressRelease' => array( [maximum depth reached] ) ), (int) 2 => array( 'id' => '37', 'parent_id' => '0', 'lft' => '73', 'rght' => '74', 'name' => 'Digital', 'slug' => 'digital', 'meta_title' => '', 'meta_keyword' => '', 'meta_description' => '', 'status' => true, 'is_deleted' => false, 'update_status' => '0', 'updated' => '2020-12-30 13:15:51', 'created' => '2020-12-30 13:13:41', 'CategoriesPressRelease' => array( [maximum depth reached] ) ) ), 'Msa' => array(), 'State' => array(), 'Distribution' => array() ) $meta_description = '' $meta_keyword = '' $company = 'EasyPressWire' $release_date = '2022-03-04 17:00:00' $companylogo = 'https://easypresswire.com/img/epw_white.png' $contact_name = 'EasyPressWire' $width = (int) 200 $height = (int) 200 $singleImage = array( (int) 0 => array( 'id' => '4609', 'press_release_id' => '6047', 'describe_image' => '', 'image_text' => '', 'image_name' => '6225f0956889f.png', 'image_path' => '2022/03/07', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32' ) ) $title_for_layout = 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction' $model = 'PressRelease' $controller = 'releases' $sliderWidth = (int) 1024 $sliderHeight = (int) 600 $thumbWidth = (int) 200 $thumbHeight = (int) 200 $dateformate = '<p>D, F d, Y g:i A</p>' $plancategory = array( 'online-media-post-plus' => 'Online Media Post Plus' ) $action = 'release' $siteName = 'EasyPressWire' $singleImageUrl = 'https://easypresswire.com/files/company/press_image/2022/03/07/6225f0956889f.png' $image_path = '2022/03/07' $image_name = '6225f0956889f.png' $image = array( 'id' => '4609', 'press_release_id' => '6047', 'describe_image' => '', 'image_text' => '', 'image_name' => '6225f0956889f.png', 'image_path' => '2022/03/07', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32' ) $index = (int) 0 $imgurl = 'https://easypresswire.com/files/company/press_image/2022/03/07/6225f0956889f.png' $fileUrl = '/home/q6q2vhgk77o3/public_html/app/webroot/files/company/press_image/2022/03/07/6225f0956889f.png' $e = object(ImagickException) { [protected] message => 'unable to open image '/home/q6q2vhgk77o3/public_html/app/webroot/files/company/press_image/thumb/sliderthumb_4609-200x200.jpg': No such file or directory @ error/blob.c/OpenBlob/3537' [protected] code => (int) 435 [protected] file => '/home/q6q2vhgk77o3/public_html/app/View/Helper/PostHelper.php' [protected] line => (int) 41 } $dsc = ''</pre><pre class="stack-trace">include - APP/View/Releases/release.ctp, line 102 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 119</pre></div></pre><pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62906d930f8ba-trace').style.display = (document.getElementById('cakeErr62906d930f8ba-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: thumburl [<b>APP/View/Releases/release.ctp</b>, line <b>106</b>]<div id="cakeErr62906d930f8ba-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62906d930f8ba-code').style.display = (document.getElementById('cakeErr62906d930f8ba-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr62906d930f8ba-context').style.display = (document.getElementById('cakeErr62906d930f8ba-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr62906d930f8ba-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB">                        </span></span></code> <code><span style="color: #000000"><span style="color: #0000BB">                        </span></span></code> <span class="code-highlight"><code><span style="color: #000000"><span style="color: #0000BB">                        </span><span style="color: #007700">echo </span><span style="color: #DD0000">"<a class='lightitem mainimg' data-sub-html='</span><span style="color: #0000BB">$dsc</span><span style="color: #DD0000">' data-thumb='</span><span style="color: #0000BB">$thumburl</span><span style="color: #DD0000">' data-src='</span><span style="color: #0000BB">$imgurl</span><span style="color: #DD0000">'></span><span style="color: #0000BB">$img</span><span style="color: #DD0000"><p></span><span style="color: #0000BB">$dsc</span><span style="color: #DD0000"></p></a>"</span><span style="color: #007700">;</span></span></code></span></pre><pre id="cakeErr62906d930f8ba-context" class="cake-context" style="display: none;">$viewFile = '/home/q6q2vhgk77o3/public_html/app/View/Releases/release.ctp' $dataForView = array( 'data' => array( 'PressRelease' => array( 'id' => '6047', 'company_id' => '0', 'staff_user_id' => '1', 'admin_user_id' => '1', 'submitted_by' => 'admin', 'plan_id' => '1', 'title' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction', 'slug' => '6047-rajasthan-looks-to-the-fantasy-sports-sector-fifs-calls-it-a-move-in-the-positive-direction.html', 'summary' => '', 'body' => '<p>In a move applauded by the industry, Hon&rsquo;ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government&rsquo;s budget announcement aligns with the growth of this emerging industry.</p> <p>In a vide judgement dated July 30th, 2021, the Hon&#39;ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab &amp; Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p> <p>In alignment with Hon&rsquo;ble Prime Minister&rsquo;s vision of &lsquo;Atmanirbhar Bharat&rsquo;, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.</p> ', 'msa_id' => '0', 'state_id' => '0', 'country_id' => '101', 'iframe_url' => '', 'contact_name' => '', 'phone' => '', 'email' => '', 'zip_code' => '', 'translated_page' => false, 'release_date' => '2022-03-04 17:00:00', 'stock_ticker' => null, 'status' => '1', 'created' => '2022-03-07 17:16:32', 'disapprove_date' => '2022-04-08 15:30:00', 'disapproval_reason' => 'Your press release has been disapproved.', 'is_paid' => false, 'views' => '164', 'contact_phone' => '', 'pr_logo_path' => null, 'pr_logo' => null, 'tos' => true, 'seo_key_words' => 'FIFS, Fantasy Sports, Rajasthan,', 'ip_address' => '103.59.75.217', 'import_status' => false, 'updated' => '2022-05-27 10:24:57' ), 'Plan' => array( 'id' => '1', 'plan_category_id' => '2', 'plan_type' => 'single', 'name' => '', 'price' => '0.00', 'features' => '', 'credit_to_charge' => '0', 'words_release' => '0', 'words_release_amount' => '0.00', 'translation_amount' => '0.00', 'number_pr' => '1', 'add_word_limit' => '0', 'add_word_amount' => '0.00', 'category_limit' => '0', 'add_category_charges' => '100.00', 'msa_limit' => '0', 'add_msa_charges' => '0.00', 'state_limit' => '4120', 'add_state_charges' => '0.00', 'bulk_discount_amount' => '0.00', 'cycle_period' => 'monthly', 'cycle_number' => '0', 'setup_fee' => '0.00', 'translate_charges' => '0.00', 'status' => '1', 'updated' => '2019-05-23 12:44:02', 'created' => '2019-05-23 12:44:02', 'PlanCategory' => array( [maximum depth reached] ) ), 'Company' => array( 'id' => null, 'name' => null, 'slug' => null, 'organization_type_id' => null, 'job_title' => null, 'country_id' => null, 'state' => null, 'zip_code' => null, 'symbol' => null, 'address' => null, 'fb_link' => null, 'twitter_link' => null, 'youtube_link' => null, 'instagram' => null, 'pinterest' => null, 'contact_name' => null, 'email' => null, 'phone_number' => null, 'city' => null, 'fax_number' => null, 'web_site' => null, 'blog_url' => null, 'tumblr' => null, 'linkedin' => null, 'about_us' => null, 'description' => null, 'hear_about_us' => null, 'logo' => null, 'logo_path' => null, 'banner_image' => null, 'banner_path' => null, 'term_and_conditions' => null, 'status' => null, 'approved_by' => null, 'payment_status' => null, 'disapproval_reason' => null, 'disapproval_date' => null, 'suspended_date' => null, 'updated' => null, 'created' => null ), 'PressSeo' => array( (int) 0 => array( [maximum depth reached] ), (int) 1 => array( [maximum depth reached] ), (int) 2 => array( [maximum depth reached] ) ), 'PressYoutube' => array(), 'PressImage' => array( (int) 0 => array( [maximum depth reached] ) ), 'PressPoadcast' => array(), 'Category' => array( (int) 0 => array( [maximum depth reached] ), (int) 1 => array( [maximum depth reached] ), (int) 2 => array( [maximum depth reached] ) ), 'Msa' => array(), 'State' => array(), 'Distribution' => array() ), 'meta_description' => '', 'meta_keyword' => '', 'company' => 'EasyPressWire', 'release_date' => '2022-03-04 17:00:00', 'companylogo' => 'https://easypresswire.com/img/epw_white.png', 'contact_name' => 'EasyPressWire', 'width' => (int) 200, 'height' => (int) 200, 'singleImage' => array( (int) 0 => array( 'id' => '4609', 'press_release_id' => '6047', 'describe_image' => '', 'image_text' => '', 'image_name' => '6225f0956889f.png', 'image_path' => '2022/03/07', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32' ) ), 'title_for_layout' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction', 'model' => 'PressRelease', 'controller' => 'releases', 'sliderWidth' => (int) 300, 'sliderHeight' => (int) 0, 'thumbWidth' => (int) 200, 'thumbHeight' => (int) 0, 'dateformate' => '<p>D, F d, Y g:i A</p>', 'plancategory' => array( 'online-media-post-plus' => 'Online Media Post Plus' ), 'action' => 'release', 'siteName' => 'EasyPressWire' ) $data = array( 'PressRelease' => array( 'id' => '6047', 'company_id' => '0', 'staff_user_id' => '1', 'admin_user_id' => '1', 'submitted_by' => 'admin', 'plan_id' => '1', 'title' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction', 'slug' => '6047-rajasthan-looks-to-the-fantasy-sports-sector-fifs-calls-it-a-move-in-the-positive-direction.html', 'summary' => '', 'body' => '<p>In a move applauded by the industry, Hon&rsquo;ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government&rsquo;s budget announcement aligns with the growth of this emerging industry.</p> <p>In a vide judgement dated July 30th, 2021, the Hon&#39;ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab &amp; Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p> <p>In alignment with Hon&rsquo;ble Prime Minister&rsquo;s vision of &lsquo;Atmanirbhar Bharat&rsquo;, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. 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Join the league and submit your sports PR online for free!', 'status' => true, 'is_deleted' => false, 'update_status' => '0', 'updated' => '2020-02-06 19:29:24', 'created' => '2019-06-21 16:20:16', 'CategoriesPressRelease' => array( [maximum depth reached] ) ), (int) 2 => array( 'id' => '37', 'parent_id' => '0', 'lft' => '73', 'rght' => '74', 'name' => 'Digital', 'slug' => 'digital', 'meta_title' => '', 'meta_keyword' => '', 'meta_description' => '', 'status' => true, 'is_deleted' => false, 'update_status' => '0', 'updated' => '2020-12-30 13:15:51', 'created' => '2020-12-30 13:13:41', 'CategoriesPressRelease' => array( [maximum depth reached] ) ) ), 'Msa' => array(), 'State' => array(), 'Distribution' => array() ) $meta_description = '' $meta_keyword = '' $company = 'EasyPressWire' $release_date = '2022-03-04 17:00:00' $companylogo = 'https://easypresswire.com/img/epw_white.png' $contact_name = 'EasyPressWire' $width = (int) 200 $height = (int) 200 $singleImage = array( (int) 0 => array( 'id' => '4609', 'press_release_id' => '6047', 'describe_image' => '', 'image_text' => '', 'image_name' => '6225f0956889f.png', 'image_path' => '2022/03/07', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32' ) ) $title_for_layout = 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction' $model = 'PressRelease' $controller = 'releases' $sliderWidth = (int) 1024 $sliderHeight = (int) 600 $thumbWidth = (int) 200 $thumbHeight = (int) 200 $dateformate = '<p>D, F d, Y g:i A</p>' $plancategory = array( 'online-media-post-plus' => 'Online Media Post Plus' ) $action = 'release' $siteName = 'EasyPressWire' $singleImageUrl = 'https://easypresswire.com/files/company/press_image/2022/03/07/6225f0956889f.png' $image_path = '2022/03/07' $image_name = '6225f0956889f.png' $image = array( 'id' => '4609', 'press_release_id' => '6047', 'describe_image' => '', 'image_text' => '', 'image_name' => '6225f0956889f.png', 'image_path' => '2022/03/07', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32' ) $index = (int) 0 $imgurl = 'https://easypresswire.com/files/company/press_image/2022/03/07/6225f0956889f.png' $fileUrl = '/home/q6q2vhgk77o3/public_html/app/webroot/files/company/press_image/2022/03/07/6225f0956889f.png' $e = object(ImagickException) { [protected] message => 'unable to open image '/home/q6q2vhgk77o3/public_html/app/webroot/files/company/press_image/thumb/sliderthumb_4609-200x200.jpg': No such file or directory @ error/blob.c/OpenBlob/3537' [protected] code => (int) 435 [protected] file => '/home/q6q2vhgk77o3/public_html/app/View/Helper/PostHelper.php' [protected] line => (int) 41 } $dsc = '' $img = '<img title="" alt="" src="" class="4609">'</pre><pre class="stack-trace">include - APP/View/Releases/release.ctp, line 106 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 119</pre></div></pre><a class='lightitem mainimg' data-sub-html='' data-thumb='' data-src='https://easypresswire.com/files/company/press_image/2022/03/07/6225f0956889f.png'><img title="" alt="" src="" class="4609"><p></p></a></div> </div> <a class="propensliderpop" href="javascript:void(0)" onclick="opensliderpop();"></a> </div> <p>In a move applauded by the industry, Hon’ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector’s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>“The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court’s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry’s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,” said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans’ lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India’s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government’s budget announcement aligns with the growth of this emerging industry.</p> <p>In a vide judgement dated July 30th, 2021, the Hon'ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab & Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p> <p>In alignment with Hon’ble Prime Minister’s vision of ‘Atmanirbhar Bharat’, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.</p> <div class="row" id="youtube_podcast"> </div> <br> </p> <div id="keywords_section"> This press release is posted under categories <a target="_blank" style="text-decoration:none;color:#212529" href="https://easypresswire.com/category/india"><i><u>India</u></i></a>, <a target="_blank" style="text-decoration:none;color:#212529" href="https://easypresswire.com/category/sports"><i><u>Sports</u></i></a>, <a target="_blank" style="text-decoration:none;color:#212529" href="https://easypresswire.com/category/digital"><i><u>Digital</u></i></a> </div> <div class="row" id="youtube_podcast">   </div> <div id="tags"> Tags: <a href='https://easypresswire.com/releases/tag/fifs'>FIFS</a><a href='https://easypresswire.com/releases/tag/fantasy-sports'> Fantasy Sports</a><a href='https://easypresswire.com/releases/tag/rajasthan'> Rajasthan</a> </div> <br/> <div class="full each_post_signuo_social row"> <div class="col-sm-12"> <div class="tnp tnp-subscription"> <form method="post" action="https://easypresswire.com/blog/?na=s" onsubmit="return newsletter_check(this)"> <input type="hidden" name="nlang" value=""> <div class="row"> <div class="col-sm-4" id="follow_section"> <div> <h3>Follow us on </h3> <nav class="social-navigation" role="navigation" aria-label="Footer Social Links Menu"> <div class="menu-social-menu-container"> <ul id="menu-social-menu" class="social-links-menu"> <li id="menu-item-153" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-153"> <a href="https://facebook.com/easypresswire/"> <i class="fab fa-facebook-f"></i> </a> </li> <li id="menu-item-154" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-154"> <a href="https://twitter.com/easypresswire"> <i class="fab fa-twitter"></i> </a> </li> <li id="menu-item-155" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-155"> <a href="https://www.instagram.com/easy_press_wire/"> <i class="fab fa-instagram"></i> </a> </li> <li id="menu-item-155" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-155"> <a href="https://www.youtube.com/channel/UCjX1o2ZnQASooYny2hqYCuQ"> <i class="fab fa-youtube"></i> </a> </li> </ul> </div> </nav> </div> </div> <div class="col-sm-8" id="signup_section"> <div class="tnp-field tnp-field-email"> <h3>Daily Updates</h3> <input class="tnp-email form-control" type="email" name="ne" required placeholder="Enter Email Address"> <input class="tnp-submit" type="submit" value="Subscribe" > </div> </div> </div> </form> </div> </div> </div> </div> </div> </div> </div> </div> <script src="https://cdnjs.cloudflare.com/ajax/libs/jquery-easing/1.4.1/jquery.easing.min.js"></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-share/1.1.0/lg-share.min.js"></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-zoom/1.1.0/lg-zoom.min.js" ></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-video/1.2.2/lg-video.min.js"></script> <script type="text/javascript"> $(document).ready(function() { $('#imageGallery').lightSlider({ gallery:true, item:1, loop:false, thumbItem:9, slideMargin:0, enableDrag: false, currentPagerPosition:'left', adaptiveHeight: true, onSliderLoad: function(el) { el.lightGallery({ selector: '#imageGallery .lightitem', animateThumb: false, showThumbByDefault: false } ); } }); }); /* $('#primgslider').owlCarousel({ loop:false, margin:0, nav:true, items:1, autoplay:true, autoHeight:true, autoplayTimeout:2000, autoplayHoverPause:true }); */ </script> <script type="text/javascript"> $('#yvideoslider, #poadcastslider').owlCarousel({ loop:false, margin:0, nav:true, items:1, autoplay:false, autoplayHoverPause:true }); </script> <style> #tags a{ text-decoration:none; color:#000; background: #dfdfdf; display: inline-block; padding: 5px 10px; font-size: 15px; margin: 0 2px 5px 2px; } #tags a:hover{ text-decoration:none; color:#fff; background: grey; display: inline-block; padding: 5px 10px; font-size: 15px; margin: 0 2px 5px 2px; } .ew-pr-social{padding-right:4% !important;} </style>', 'scripts_for_layout' => '' ) $data = array( 'PressRelease' => array( 'id' => '6047', 'company_id' => '0', 'staff_user_id' => '1', 'admin_user_id' => '1', 'submitted_by' => 'admin', 'plan_id' => '1', 'title' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction', 'slug' => '6047-rajasthan-looks-to-the-fantasy-sports-sector-fifs-calls-it-a-move-in-the-positive-direction.html', 'summary' => '', 'body' => '<p>In a move applauded by the industry, Hon’ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector’s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>“The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court’s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry’s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,” said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans’ lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India’s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government’s budget announcement aligns with the growth of this emerging industry.</p> <p>In a vide judgement dated July 30th, 2021, the Hon'ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab & Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p> <p>In alignment with Hon’ble Prime Minister’s vision of ‘Atmanirbhar Bharat’, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: sliderImage [<b>APP/View/Releases/release.ctp</b>, line <b>102</b>]<div id="cakeErr62906d930f197-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62906d930f197-code').style.display = (document.getElementById('cakeErr62906d930f197-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr62906d930f197-context').style.display = (document.getElementById('cakeErr62906d930f197-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr62906d930f197-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB">                            $img</span><span style="color: #007700">=</span><span style="color: #DD0000">'<img  title="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'image_text'</span><span style="color: #007700">].</span><span style="color: #DD0000">'" alt="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'image_text'</span><span style="color: #007700">].</span><span style="color: #DD0000">'"  src="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$imgurl</span><span style="color: #007700">.</span><span style="color: #DD0000">'" class="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'id'</span><span style="color: #007700">].</span><span style="color: #DD0000">'">'</span><span style="color: #007700">;</span></span></code> <code><span style="color: #000000"><span style="color: #0000BB">                        </span><span style="color: #007700">} else {</span></span></code> <span class="code-highlight"><code><span style="color: #000000"><span style="color: #0000BB">                            $img</span><span style="color: #007700">=</span><span style="color: #DD0000">'<img  title="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'image_text'</span><span style="color: #007700">].</span><span style="color: #DD0000">'" alt="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'image_text'</span><span style="color: #007700">].</span><span style="color: #DD0000">'"  src="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$sliderImage</span><span style="color: #007700">.</span><span style="color: #DD0000">'" class="'</span><span style="color: #007700">.</span><span style="color: #0000BB">$image</span><span style="color: #007700">[</span><span style="color: #DD0000">'id'</span><span style="color: #007700">].</span><span style="color: #DD0000">'">'</span><span style="color: #007700">;</span></span></code></span></pre><pre id="cakeErr62906d930f197-context" class="cake-context" style="display: none;">$viewFile = '/home/q6q2vhgk77o3/public_html/app/View/Releases/release.ctp' $dataForView = array( 'data' => array( 'PressRelease' => array( 'id' => '6047', 'company_id' => '0', 'staff_user_id' => '1', 'admin_user_id' => '1', 'submitted_by' => 'admin', 'plan_id' => '1', 'title' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction', 'slug' => '6047-rajasthan-looks-to-the-fantasy-sports-sector-fifs-calls-it-a-move-in-the-positive-direction.html', 'summary' => '', 'body' => '<p>In a move applauded by the industry, Hon&rsquo;ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. 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This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government&rsquo;s budget announcement aligns with the growth of this emerging industry.</p> <p>In a vide judgement dated July 30th, 2021, the Hon&#39;ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab &amp; Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p> <p>In alignment with Hon&rsquo;ble Prime Minister&rsquo;s vision of &lsquo;Atmanirbhar Bharat&rsquo;, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.</p> ', 'msa_id' => '0', 'state_id' => '0', 'country_id' => '101', 'iframe_url' => '', 'contact_name' => '', 'phone' => '', 'email' => '', 'zip_code' => '', 'translated_page' => false, 'release_date' => '2022-03-04 17:00:00', 'stock_ticker' => null, 'status' => '1', 'created' => '2022-03-07 17:16:32', 'disapprove_date' => '2022-04-08 15:30:00', 'disapproval_reason' => 'Your press release has been disapproved.', 'is_paid' => false, 'views' => '164', 'contact_phone' => '', 'pr_logo_path' => null, 'pr_logo' => null, 'tos' => true, 'seo_key_words' => 'FIFS, Fantasy Sports, Rajasthan,', 'ip_address' => '103.59.75.217', 'import_status' => false, 'updated' => '2022-05-27 10:24:57' ), 'Plan' => array( 'id' => '1', 'plan_category_id' => '2', 'plan_type' => 'single', 'name' => '', 'price' => '0.00', 'features' => '', 'credit_to_charge' => '0', 'words_release' => '0', 'words_release_amount' => '0.00', 'translation_amount' => '0.00', 'number_pr' => '1', 'add_word_limit' => '0', 'add_word_amount' => '0.00', 'category_limit' => '0', 'add_category_charges' => '100.00', 'msa_limit' => '0', 'add_msa_charges' => '0.00', 'state_limit' => '4120', 'add_state_charges' => '0.00', 'bulk_discount_amount' => '0.00', 'cycle_period' => 'monthly', 'cycle_number' => '0', 'setup_fee' => '0.00', 'translate_charges' => '0.00', 'status' => '1', 'updated' => '2019-05-23 12:44:02', 'created' => '2019-05-23 12:44:02', 'PlanCategory' => array( 'id' => '2', 'parent_id' => '1', 'lft' => '2', 'rght' => '3', 'name' => 'Single Online Media Post™', 'slug' => 'single-online-media-post', 'description' => '', 'meta_title' => '', 'meta_keyword' => '', 'meta_description' => '', 'word_limit' => '5000', 'is_country_allowed' => true, 'is_state_allowed' => true, 'is_msa_allowed' => true, 'status' => '1', 'update_status' => '0', 'is_translated' => false, 'updated' => '2019-05-23 12:29:29', 'created' => '2019-05-23 12:29:29' ) ), 'Company' => array( 'id' => null, 'name' => null, 'slug' => null, 'organization_type_id' => null, 'job_title' => null, 'country_id' => null, 'state' => null, 'zip_code' => null, 'symbol' => null, 'address' => null, 'fb_link' => null, 'twitter_link' => null, 'youtube_link' => null, 'instagram' => null, 'pinterest' => null, 'contact_name' => null, 'email' => null, 'phone_number' => null, 'city' => null, 'fax_number' => null, 'web_site' => null, 'blog_url' => null, 'tumblr' => null, 'linkedin' => null, 'about_us' => null, 'description' => null, 'hear_about_us' => null, 'logo' => null, 'logo_path' => null, 'banner_image' => null, 'banner_path' => null, 'term_and_conditions' => null, 'status' => null, 'approved_by' => null, 'payment_status' => null, 'disapproval_reason' => null, 'disapproval_date' => null, 'suspended_date' => null, 'updated' => null, 'created' => null ), 'PressSeo' => array( (int) 0 => array( 'id' => '32757', 'press_release_id' => '6047', 'keyword' => 'FIFS', 'slug' => 'fifs', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32', 'PressRelease' => array( [maximum depth reached] ) ), (int) 1 => array( 'id' => '32758', 'press_release_id' => '6047', 'keyword' => ' Fantasy Sports', 'slug' => 'fantasy-sports', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32', 'PressRelease' => array( [maximum depth reached] ) ), (int) 2 => array( 'id' => '32759', 'press_release_id' => '6047', 'keyword' => ' Rajasthan', 'slug' => 'rajasthan', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32', 'PressRelease' => array( [maximum depth reached] ) ) ), 'PressYoutube' => array(), 'PressImage' => array( (int) 0 => array( 'id' => '4609', 'press_release_id' => '6047', 'describe_image' => '', 'image_text' => '', 'image_name' => '6225f0956889f.png', 'image_path' => '2022/03/07', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32' ) ), 'PressPoadcast' => array(), 'Category' => array( (int) 0 => array( 'id' => '30', 'parent_id' => '0', 'lft' => '11', 'rght' => '12', 'name' => 'India', 'slug' => 'india', 'meta_title' => '', 'meta_keyword' => '', 'meta_description' => '', 'status' => true, 'is_deleted' => false, 'update_status' => '0', 'updated' => '2019-10-31 12:32:24', 'created' => '2019-10-31 12:32:24', 'CategoriesPressRelease' => array( [maximum depth reached] ) ), (int) 1 => array( 'id' => '10', 'parent_id' => '0', 'lft' => '37', 'rght' => '38', 'name' => 'Sports', 'slug' => 'sports', 'meta_title' => 'Sports Press Release Distribution | Submit Sports PR Online', 'meta_keyword' => '', 'meta_description' => 'Take a look at these high-performing sports pressers, with photos and videos distributed by EasyPressWire. Join the league and submit your sports PR online for free!', 'status' => true, 'is_deleted' => false, 'update_status' => '0', 'updated' => '2020-02-06 19:29:24', 'created' => '2019-06-21 16:20:16', 'CategoriesPressRelease' => array( [maximum depth reached] ) ), (int) 2 => array( 'id' => '37', 'parent_id' => '0', 'lft' => '73', 'rght' => '74', 'name' => 'Digital', 'slug' => 'digital', 'meta_title' => '', 'meta_keyword' => '', 'meta_description' => '', 'status' => true, 'is_deleted' => false, 'update_status' => '0', 'updated' => '2020-12-30 13:15:51', 'created' => '2020-12-30 13:13:41', 'CategoriesPressRelease' => array( [maximum depth reached] ) ) ), 'Msa' => array(), 'State' => array(), 'Distribution' => array() ) $meta_description = '' $meta_keyword = '' $company = 'EasyPressWire' $release_date = '2022-03-04 17:00:00' $companylogo = 'https://easypresswire.com/img/epw_white.png' $contact_name = 'EasyPressWire' $width = (int) 200 $height = (int) 200 $singleImage = array( (int) 0 => array( 'id' => '4609', 'press_release_id' => '6047', 'describe_image' => '', 'image_text' => '', 'image_name' => '6225f0956889f.png', 'image_path' => '2022/03/07', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32' ) ) $title_for_layout = 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction' $model = 'PressRelease' $controller = 'releases' $sliderWidth = (int) 1024 $sliderHeight = (int) 600 $thumbWidth = (int) 200 $thumbHeight = (int) 200 $dateformate = '<p>D, F d, Y g:i A</p>' $plancategory = array( 'online-media-post-plus' => 'Online Media Post Plus' ) $action = 'release' $siteName = 'EasyPressWire' $singleImageUrl = 'https://easypresswire.com/files/company/press_image/2022/03/07/6225f0956889f.png' $image_path = '2022/03/07' $image_name = '6225f0956889f.png' $image = array( 'id' => '4609', 'press_release_id' => '6047', 'describe_image' => '', 'image_text' => '', 'image_name' => '6225f0956889f.png', 'image_path' => '2022/03/07', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32' ) $index = (int) 0 $imgurl = 'https://easypresswire.com/files/company/press_image/2022/03/07/6225f0956889f.png' $fileUrl = '/home/q6q2vhgk77o3/public_html/app/webroot/files/company/press_image/2022/03/07/6225f0956889f.png' $e = object(ImagickException) { [protected] message => 'unable to open image '/home/q6q2vhgk77o3/public_html/app/webroot/files/company/press_image/thumb/sliderthumb_4609-200x200.jpg': No such file or directory @ error/blob.c/OpenBlob/3537' [protected] code => (int) 435 [protected] file => '/home/q6q2vhgk77o3/public_html/app/View/Helper/PostHelper.php' [protected] line => (int) 41 } $dsc = ''</pre><pre class="stack-trace">include - APP/View/Releases/release.ctp, line 102 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 119</pre></div></pre><pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62906d930f8ba-trace').style.display = (document.getElementById('cakeErr62906d930f8ba-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: thumburl [<b>APP/View/Releases/release.ctp</b>, line <b>106</b>]<div id="cakeErr62906d930f8ba-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62906d930f8ba-code').style.display = (document.getElementById('cakeErr62906d930f8ba-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr62906d930f8ba-context').style.display = (document.getElementById('cakeErr62906d930f8ba-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr62906d930f8ba-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB">                        </span></span></code> <code><span style="color: #000000"><span style="color: #0000BB">                        </span></span></code> <span class="code-highlight"><code><span style="color: #000000"><span style="color: #0000BB">                        </span><span style="color: #007700">echo </span><span style="color: #DD0000">"<a class='lightitem mainimg' data-sub-html='</span><span style="color: #0000BB">$dsc</span><span style="color: #DD0000">' data-thumb='</span><span style="color: #0000BB">$thumburl</span><span style="color: #DD0000">' data-src='</span><span style="color: #0000BB">$imgurl</span><span style="color: #DD0000">'></span><span style="color: #0000BB">$img</span><span style="color: #DD0000"><p></span><span style="color: #0000BB">$dsc</span><span style="color: #DD0000"></p></a>"</span><span style="color: #007700">;</span></span></code></span></pre><pre id="cakeErr62906d930f8ba-context" class="cake-context" style="display: none;">$viewFile = '/home/q6q2vhgk77o3/public_html/app/View/Releases/release.ctp' $dataForView = array( 'data' => array( 'PressRelease' => array( 'id' => '6047', 'company_id' => '0', 'staff_user_id' => '1', 'admin_user_id' => '1', 'submitted_by' => 'admin', 'plan_id' => '1', 'title' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction', 'slug' => '6047-rajasthan-looks-to-the-fantasy-sports-sector-fifs-calls-it-a-move-in-the-positive-direction.html', 'summary' => '', 'body' => '<p>In a move applauded by the industry, Hon&rsquo;ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government&rsquo;s budget announcement aligns with the growth of this emerging industry.</p> <p>In a vide judgement dated July 30th, 2021, the Hon&#39;ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab &amp; Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p> <p>In alignment with Hon&rsquo;ble Prime Minister&rsquo;s vision of &lsquo;Atmanirbhar Bharat&rsquo;, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.</p> ', 'msa_id' => '0', 'state_id' => '0', 'country_id' => '101', 'iframe_url' => '', 'contact_name' => '', 'phone' => '', 'email' => '', 'zip_code' => '', 'translated_page' => false, 'release_date' => '2022-03-04 17:00:00', 'stock_ticker' => null, 'status' => '1', 'created' => '2022-03-07 17:16:32', 'disapprove_date' => '2022-04-08 15:30:00', 'disapproval_reason' => 'Your press release has been disapproved.', 'is_paid' => false, 'views' => '164', 'contact_phone' => '', 'pr_logo_path' => null, 'pr_logo' => null, 'tos' => true, 'seo_key_words' => 'FIFS, Fantasy Sports, Rajasthan,', 'ip_address' => '103.59.75.217', 'import_status' => false, 'updated' => '2022-05-27 10:24:57' ), 'Plan' => array( 'id' => '1', 'plan_category_id' => '2', 'plan_type' => 'single', 'name' => '', 'price' => '0.00', 'features' => '', 'credit_to_charge' => '0', 'words_release' => '0', 'words_release_amount' => '0.00', 'translation_amount' => '0.00', 'number_pr' => '1', 'add_word_limit' => '0', 'add_word_amount' => '0.00', 'category_limit' => '0', 'add_category_charges' => '100.00', 'msa_limit' => '0', 'add_msa_charges' => '0.00', 'state_limit' => '4120', 'add_state_charges' => '0.00', 'bulk_discount_amount' => '0.00', 'cycle_period' => 'monthly', 'cycle_number' => '0', 'setup_fee' => '0.00', 'translate_charges' => '0.00', 'status' => '1', 'updated' => '2019-05-23 12:44:02', 'created' => '2019-05-23 12:44:02', 'PlanCategory' => array( [maximum depth reached] ) ), 'Company' => array( 'id' => null, 'name' => null, 'slug' => null, 'organization_type_id' => null, 'job_title' => null, 'country_id' => null, 'state' => null, 'zip_code' => null, 'symbol' => null, 'address' => null, 'fb_link' => null, 'twitter_link' => null, 'youtube_link' => null, 'instagram' => null, 'pinterest' => null, 'contact_name' => null, 'email' => null, 'phone_number' => null, 'city' => null, 'fax_number' => null, 'web_site' => null, 'blog_url' => null, 'tumblr' => null, 'linkedin' => null, 'about_us' => null, 'description' => null, 'hear_about_us' => null, 'logo' => null, 'logo_path' => null, 'banner_image' => null, 'banner_path' => null, 'term_and_conditions' => null, 'status' => null, 'approved_by' => null, 'payment_status' => null, 'disapproval_reason' => null, 'disapproval_date' => null, 'suspended_date' => null, 'updated' => null, 'created' => null ), 'PressSeo' => array( (int) 0 => array( [maximum depth reached] ), (int) 1 => array( [maximum depth reached] ), (int) 2 => array( [maximum depth reached] ) ), 'PressYoutube' => array(), 'PressImage' => array( (int) 0 => array( [maximum depth reached] ) ), 'PressPoadcast' => array(), 'Category' => array( (int) 0 => array( [maximum depth reached] ), (int) 1 => array( [maximum depth reached] ), (int) 2 => array( [maximum depth reached] ) ), 'Msa' => array(), 'State' => array(), 'Distribution' => array() ), 'meta_description' => '', 'meta_keyword' => '', 'company' => 'EasyPressWire', 'release_date' => '2022-03-04 17:00:00', 'companylogo' => 'https://easypresswire.com/img/epw_white.png', 'contact_name' => 'EasyPressWire', 'width' => (int) 200, 'height' => (int) 200, 'singleImage' => array( (int) 0 => array( 'id' => '4609', 'press_release_id' => '6047', 'describe_image' => '', 'image_text' => '', 'image_name' => '6225f0956889f.png', 'image_path' => '2022/03/07', 'updated' => '2022-03-07 17:16:32', 'created' => '2022-03-07 17:16:32' ) ), 'title_for_layout' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction', 'model' => 'PressRelease', 'controller' => 'releases', 'sliderWidth' => (int) 300, 'sliderHeight' => (int) 0, 'thumbWidth' => (int) 200, 'thumbHeight' => (int) 0, 'dateformate' => '<p>D, F d, Y g:i A</p>', 'plancategory' => array( 'online-media-post-plus' => 'Online Media Post Plus' ), 'action' => 'release', 'siteName' => 'EasyPressWire' ) $data = array( 'PressRelease' => array( 'id' => '6047', 'company_id' => '0', 'staff_user_id' => '1', 'admin_user_id' => '1', 'submitted_by' => 'admin', 'plan_id' => '1', 'title' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction', 'slug' => '6047-rajasthan-looks-to-the-fantasy-sports-sector-fifs-calls-it-a-move-in-the-positive-direction.html', 'summary' => '', 'body' => '<p>In a move applauded by the industry, Hon&rsquo;ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. 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This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector’s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p> <p>“The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court’s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry’s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,” said Anwar Shirpurwala, CEO, FIFS.</p> <p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans’ lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India’s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government’s budget announcement aligns with the growth of this emerging industry.</p> <p>In a vide judgement dated July 30th, 2021, the Hon'ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab & Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p> <p>In alignment with Hon’ble Prime Minister’s vision of ‘Atmanirbhar Bharat’, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.</p> <div class="row" id="youtube_podcast"> </div> <br> </p> <div id="keywords_section"> This press release is posted under categories <a target="_blank" style="text-decoration:none;color:#212529" href="https://easypresswire.com/category/india"><i><u>India</u></i></a>, <a target="_blank" style="text-decoration:none;color:#212529" href="https://easypresswire.com/category/sports"><i><u>Sports</u></i></a>, <a target="_blank" style="text-decoration:none;color:#212529" href="https://easypresswire.com/category/digital"><i><u>Digital</u></i></a> </div> <div class="row" id="youtube_podcast">   </div> <div id="tags"> Tags: <a href='https://easypresswire.com/releases/tag/fifs'>FIFS</a><a href='https://easypresswire.com/releases/tag/fantasy-sports'> Fantasy Sports</a><a href='https://easypresswire.com/releases/tag/rajasthan'> Rajasthan</a> </div> <br/> <div class="full each_post_signuo_social row"> <div class="col-sm-12"> <div class="tnp tnp-subscription"> <form method="post" action="https://easypresswire.com/blog/?na=s" onsubmit="return newsletter_check(this)"> <input type="hidden" name="nlang" value=""> <div class="row"> <div class="col-sm-4" id="follow_section"> <div> <h3>Follow us on </h3> <nav class="social-navigation" role="navigation" aria-label="Footer Social Links Menu"> <div class="menu-social-menu-container"> <ul id="menu-social-menu" class="social-links-menu"> <li id="menu-item-153" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-153"> <a href="https://facebook.com/easypresswire/"> <i class="fab fa-facebook-f"></i> </a> </li> <li id="menu-item-154" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-154"> <a href="https://twitter.com/easypresswire"> <i class="fab fa-twitter"></i> </a> </li> <li id="menu-item-155" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-155"> <a href="https://www.instagram.com/easy_press_wire/"> <i class="fab fa-instagram"></i> </a> </li> <li id="menu-item-155" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-155"> <a href="https://www.youtube.com/channel/UCjX1o2ZnQASooYny2hqYCuQ"> <i class="fab fa-youtube"></i> </a> </li> </ul> </div> </nav> </div> </div> <div class="col-sm-8" id="signup_section"> <div class="tnp-field tnp-field-email"> <h3>Daily Updates</h3> <input class="tnp-email form-control" type="email" name="ne" required placeholder="Enter Email Address"> <input class="tnp-submit" type="submit" value="Subscribe" > </div> </div> </div> </form> </div> </div> </div> </div> </div> </div> </div> </div> <script src="https://cdnjs.cloudflare.com/ajax/libs/jquery-easing/1.4.1/jquery.easing.min.js"></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-share/1.1.0/lg-share.min.js"></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-zoom/1.1.0/lg-zoom.min.js" ></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-video/1.2.2/lg-video.min.js"></script> <script type="text/javascript"> $(document).ready(function() { $('#imageGallery').lightSlider({ gallery:true, item:1, loop:false, thumbItem:9, slideMargin:0, enableDrag: false, currentPagerPosition:'left', adaptiveHeight: true, onSliderLoad: function(el) { el.lightGallery({ selector: '#imageGallery .lightitem', animateThumb: false, showThumbByDefault: false } ); 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Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction

Posted On Fri, March 04, 2022, 5:00 PM

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			'body' => '<p>In a move applauded by the industry, Hon&rsquo;ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p>

<p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p>

<p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government&rsquo;s budget announcement aligns with the growth of this emerging industry.</p>

<p>In a vide judgement dated July 30th, 2021, the Hon&#39;ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab &amp; Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p>

<p>In alignment with Hon&rsquo;ble Prime Minister&rsquo;s vision of &lsquo;Atmanirbhar Bharat&rsquo;, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.</p>
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		'body' => '<p>In a move applauded by the industry, Hon&rsquo;ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p>

<p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p>

<p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government&rsquo;s budget announcement aligns with the growth of this emerging industry.</p>

<p>In a vide judgement dated July 30th, 2021, the Hon&#39;ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab &amp; Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p>

<p>In alignment with Hon&rsquo;ble Prime Minister&rsquo;s vision of &lsquo;Atmanirbhar Bharat&rsquo;, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.</p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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[main] - APP/webroot/index.php, line 119

Notice (8): Undefined variable: thumburl [APP/View/Releases/release.ctp, line 106]Code Context                        
                        
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			'title' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction',
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			'body' => '<p>In a move applauded by the industry, Hon&rsquo;ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p>

<p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p>

<p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government&rsquo;s budget announcement aligns with the growth of this emerging industry.</p>

<p>In a vide judgement dated July 30th, 2021, the Hon&#39;ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab &amp; Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p>

<p>In alignment with Hon&rsquo;ble Prime Minister&rsquo;s vision of &lsquo;Atmanirbhar Bharat&rsquo;, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.</p>
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		'title' => 'Rajasthan looks to the fantasy sports sector; FIFS calls it a move in the positive direction',
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		'body' => '<p>In a move applauded by the industry, Hon&rsquo;ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector&rsquo;s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.</p>

<p>&ldquo;The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court&rsquo;s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry&rsquo;s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,&rdquo; said Anwar Shirpurwala, CEO, FIFS.</p>

<p>With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans&rsquo; lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India&rsquo;s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government&rsquo;s budget announcement aligns with the growth of this emerging industry.</p>

<p>In a vide judgement dated July 30th, 2021, the Hon&#39;ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab &amp; Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.</p>

<p>In alignment with Hon&rsquo;ble Prime Minister&rsquo;s vision of &lsquo;Atmanirbhar Bharat&rsquo;, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.</p>
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In a move applauded by the industry, Hon’ble Chief Minister of Rajasthan, Mr. Ashok Gehlot is looking to regulate and manage the online skill gaming sector. This is a great decision for the online skill gaming industry as it is eventually gaining recognition across States and the nation as well. Recently, Hon. Prime Minister Narendra Modi addressed the growing potential of the skill-based gaming industry and how it is growing rapidly. The announcement of the AVGC task force during the Union Budget session of 2022 is a testimony to the sector’s potential gradually garnering recognition. FIFS welcomes the announcement and looks forward to working with the Rajasthan Government to support the growth of the Indian fantasy sports sector.

“The decision of the Rajasthan Government to regulate skill-based gaming comes only days after the Karnataka High Court’s judgement to strike down the Act banning games of skill. We, at FIFS, are constantly working in tandem with our members and advisory board to cater to the industry’s robust growth, and the announcement by Hon. CM comes as a vital step in recognizing and validating our efforts. Welcoming the decision with open arms, we are rooting for the industry to grow to its maximum potential,” said Anwar Shirpurwala, CEO, FIFS.

With over 13 crore users and 200+ Fantasy Sports operators, this sector has emerged as one of the top revenue-generating industries in India and an integral part of sports fans’ lives. With light-touch regulation, the goal of India becoming the global hub of this sunshine industry can be achieved. Fantasy Sports has risen to be at the forefront of India’s sports technology industry, with the potential to create over 12,000 additional highly skilled jobs in the next 3 years, attract an FDI of over INR 15,000 crore and contribute over INR 13,500 crore in taxes to the Government. The Rajasthan Government’s budget announcement aligns with the growth of this emerging industry.

In a vide judgement dated July 30th, 2021, the Hon'ble Supreme Court had upheld the validity of Online Fantasy Sports by stating that the issue of whether Fantasy Sports format amounts to gambling or betting or wagering is no longer res Integra. Besides, the Rajasthan, Punjab & Haryana and Bombay High Courts all had also upheld the validity of fantasy sports as being legitimate businesses entitled to protection under Article 19(1)(g) and Article 14 of the Constitution of India.

In alignment with Hon’ble Prime Minister’s vision of ‘Atmanirbhar Bharat’, all the stakeholders in the sports technology industry can work in synergy to enable the sunrise sector to reach its true peak growth potential. This will provide a progressive ecosystem for existing companies and start-ups to flourish and create a pathway for Indian entrepreneurs to launch innovative sports tech platforms. The industry is eagerly looking forward to 2022 to cater to the need for regulations through holistic policy guidelines for its long-term growth and sustainability to compete on a global scale, Anwar added.

This press release is posted under categories India, Sports, Digital

Tags: FIFS Fantasy Sports Rajasthan