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    The Rise of Fantasy Sports and Online Games

    The online gaming market is booming with technology. Now, fantasy sports and online games are not only for entertainment purposes. Online games are platforms showing your skillset and use your knowledge to win exciting rewards. Since the launch of the first video game in 1950, the online game has never stopped growing.

    newplay88 Gaming Business Around the world

    In the year 2020, the global gaming market was approximately $62 million. According to the statistics, the business enterprise will undoubtedly be worth $300 billion by 2026. Mobile gaming makes almost 50% of the share market and generates revenue worth $80 billion. Online gaming is the family of streamliners, developers, publishers, gaming arenas, coaches, and 2.5 billion users across the world.

    The start-ups of online gaming have become in India, in the last couple of years and attracted huge funding from both domestic and foreign investors of more than $ 1 million. The shares of gaming platforms are split between the US and China equally 24 % each, in the Asia-Pacific excluding China is 23%, Latin America has 4%, Canada has 2% and lastly, Europe, Africa, and the center East holds 23 % of shares.

    Even after such huge success and a big user base, the Indian government is not considering the video game legal. In newplay88 of India, playing fantasy sports isn't allowed and is known as gambling. Pandemic has just doubled the growth of the online games and fantasy sports industry in India with regards to both fantasy sports app development & fantasy sports app platforms.

    Government should look at online gaming having an open mind and understand it in-depth, instead of considering all online flash games, gambling. Government can target betting and gambling but should spare fantasy sports. However, fantasy sports might help the government to generate huge revenue and raise the economy of the united states.

    Forms of Online Gaming

    Fantasy Sports

    One of the most popular gaming platforms for sports fans. Online fantasy is completely not the same as other gaming styles. The user creates their team online of real players playing on the market on the ground. The user's performance completely depends on the player and real-life statistics of the overall game.

    IPL is the most beloved format of Fantasy Sports in India. Alongside playing the overall game, many users religiously follow the score and live matches on the fantasy Sports platforms. It isn't a casino game of chance; you will need skills and knowledge of the overall game to play and win rewards. "NITI Aayog" has released newplay88 to play fantasy sports. Users can play fantasy sports for free and real money.

    The fantasy sports industry is growing and an individual base is increasing exponentially. As a result of involvement of money and few cases on the fantasy platform, the federal government considered it as a gambling platform and doesn't contemplate it legal on the central level. The online fantasy platforms follow all the rules of the Advertising Standards Council of India.