Is the Poker Market regulated by a lawin india?

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    • #28304
      AP Sihag
      Member

      Is the Poker Market regulated by a lawin india?
      If Yes, what kind of player are able to play? Citizens of the countries? Residents of the countries? Residents of European union? Residents of European Union? Other?
      If no, is it expected that the Market is regulated in the future? For When?

    • #28305
      Poker Guru
      Participant

      Hi,

      The Indian poker market is presently unregulated. Having said that – specified rules/guidelines for Taxes do exist for the industry along with clear directions prohibiting players playing with Foreign currency. Unauthorized exchange of foreign currency for any means comes as a clear violation of FEMA guidelines.

      As to when and if the market will be regulated is anybody’s guess. I hope this clarifies your queries.

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