The Supreme Court of India has settled jurisprudence distinguishing between ‘games of skill’ and ‘games of chance’ by laying down the preponderance test. If skill is predominant, then the game amounts to a ‘game of skill’ and is legally permissible; if there is a predominance of chance, then the game amounts to gambling and falls within the jurisdiction of the State Government to regulate. Despite the settled law, many legitimate platforms are left to navigate a complex regulatory maze, sometimes even at the risk of attracting criminal proceedings.
Please click here or refer to the below document to read the full article by Sidharrth Shankar, published in The Hindu.
Sidharrth is the Co-Chair of the Corporate Practice at JSA. He specializes in General Corporate Commercial, Mergers & Acquisitions and Private Equity.