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In today’s article, KT11 brings you a study on the Indian gaming industry, reminding you to be careful when choosing an online casino, and don’t miss out on a gaming brand like KT11 that has standard operating procedures and licenses
In a revealing study conducted by Ken Research, it has been found that more than 25% of online gamblers in India face significant challenges ranging from identity theft to transaction difficulties. The study titled ‘Consumer Behavior Analysis for Online Gambling Industry in India’ highlights the credibility issues of the online gambling sector in the country.
The study shows that a significant portion of the online gambling community in India faces various risks. These include issues of fraud, unauthorized transactions and withdrawal of funds. Such challenges affect consumer confidence in the industry and raise questions about safety measures.
Impact of India‘s diverse legal landscape
One of the major factors contributing to these challenges is India’s diverse cultural and legal landscape. The study shows that different states in India have different regulations regarding gambling, ranging from complete ban to partial regulation. This law inconsistency creates a complex environment for operators and users, creating uncertainty and potential legal risks.
Lack of widespread awareness
The research also highlights that only a small proportion of online gamblers in India have an in-depth understanding of the industry’s regulations. This lack of awareness often leads individuals to engage with unregulated operators, increasing the risk of encountering fraudulent activities. The complex nature of gambling laws and limited access to detailed information are the main reasons for this challenge.
Government action against illegal operations
In response to these issues, Indian authorities have taken steps to regulate the online gambling sector. In November, blocking orders were issued against 22 illegal betting apps and websites. A flat 28% turnover tax was imposed on licensed online gambling operators. In January, the government also introduced new rules to regulate the online gambling landscape with the aim of creating a safer consumer environment.
Development potential in the area
Despite these challenges, the study identifies significant growth potential in the online gambling market in India. In areas like Delhi, Maharashtra and Uttar Pradesh, online gambling is prevalent among different age groups. For example, in Karnataka, the majority of 36 to 44 year olds are active in online gambling, engaging in the activity for 11 to 20 hours per week.
Broad Challenges for Gamblers
Ken Research’s study presents a comprehensive analysis of the online gambling industry in India, highlighting the urgent need for better regulation and consumer awareness. Although considerable challenges remain, the growth potential of the sector remains substantial. As governments move to regulate online gambling.
Conclusion
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