Q1. With reference to the Promotion and Regulation of Online Gaming Rules, 2026, consider the following statements: 1) The rules permit online money games provided they are based on skill rather than chance. 2) Banks and financial intermediaries are exempt from any obligation related to online gaming transactions. Which of the statements given above is/are correct?
Explanation
Both statements are incorrect. Statement 1 is wrong because the rules prohibit all online money games — those involving stakes or monetary rewards — regardless of whether they are based on skill or chance. Statement 2 is wrong because banks and other financial intermediaries are obligated to suspend transactions linked to flagged real-money games when directed by the Online Gaming Authority of India (OGAI).