Skill Or Chance: India Panel Calls For Regulatory Body New Law For...

"On the aspect of prohibiting games of chance (e.g. gambling websites or apps) being played online, the proposed Digital India Act can include it in the list of prohibited user harms that will not be permitted," the report stated.

To be honest, it looks just like the land of Link's Awakening...or a dozen other Zelda games. It's bright green, punctuated by clumps of grass, and shown from above. Down the path, there's a ruined village and some dungeons that need explorin'.

Last week memory chip maker Micron Technology warned of tougher times and said it was cutting its capex investments in fiscal 2023 by over 30% to a total of $8 billion. Nvidia Corp and Intel Corp both delivered much worse than expected earnings in their latest reports.

Sept 27 (Reuters) - Space and Time, a decentralized data analytics platform, secured $20 million in funding from a group of investors led by Microsoft venture capital arm M12, valuing the company at $300 million.

"I think AMD is showing that nobody is safe from the post-pandemic PC downturn, and those inventory corrections are also impacting the company," said Anshel Sag, chip analyst at Moor Insights & Strategy.

Oct 6 (Reuters) - Chipmaker Advanced Micro Devices Inc on Thursday provided third-quarter revenue estimates that were about a billion dollars less than previously forecast, signaling the chip slump could be much worse than expected.

Xbox maker Microsoft announced the $69 billion acquisition of "Call of Duty" maker Activision Blizzard Inc in January and has pledged to keep the hit franchise on PlayStation beyond the existing agreement with Activision.

The images come after a different AI that works in the same way produced bizarre pictures of the 'last selfie ever taken' that showed apocalyptic scenes of people in front of nuclear blasts, with rotting flesh and total devastation behind them.  

"There is massive amounts of data and use cases coming from blockchain technology's multi-chain world, and insights and data from centralized data stores ... and Space and Time sits at the bridge that links them," Holiday said.

Because Tunic doesn't simply copy the Zelda formula — it complicates it. There are items you pick up, berries and little effigies, that you've never encountered before, in this game or any other. And you're not told what to do with them. Nor, in fact, are you really told much else.

Runaway inflation and the reopening of offices and schools have led people to spend less on PCs than they did during lockdowns when many bought computers for work and school as they stayed home during the pandemic.

Figure things out. Perhaps you'll need to consult one of Tunic's most delightful features — an in-game manual, half of it written in cryptic runes, that you literally piece together page by page — or perhaps you won't. However you go about it, the feeling of sheer discovery is tremendous.

Simply defining games has been contentious. India's Supreme Court says the card game rummy and certain fantasy games are skill-based and legal, but at least one state court classified games such as Poker Pkv as chance-based, or akin to gambling, which is banned in most states.

Come to think of it, maybe 'complications' isn't the word.
'Embellishments' might be better. Tunic's world is so beautiful in both its sun-dappled, well, beauty and its clockwork design that it deserves to be described in softer terms. It's like holding a Fabergé egg in your hands.

The company, which aims to run analytics on data stored on blockchain as well as outside of it for smart contracts, plans to use the funding to hire more engineers, said Nate Holiday, co-founder, Space and Time.

The report noted that state governments already find it "difficult to implement and monitor geo-fencing measures" to ensure that no user in their region is accessing an illegal forms of gambling or gaming.

A 2020 report by Indian trade group FICCI and consulting firm EY stated that of 65 billion Indian rupees ($817 million) garnered by online gaming industry the previous year, transaction-based gaming, including real-money, contributed 71%, or 46 billion rupees.

31, the panel of government officials calls for creation of a new regulatory body under India's IT ministry to determine which online games qualify as games of skill, then "seek compliances and enforcement."

For online games such as fantasy cricket on Dream11, paid contests remain the popular attraction. Users can create their teams by paying as little as 14 rupees (17 U.S. cents), with a total prize pool of 7 million rupees ($88,000) up for grabs by winners.

The panel of Prime Minister Narendra Modi's top officials has for months been drafting regulations for the country's online gaming sector, where foreign investors such as Tiger Global and Sequoia Capital have backed gaming startups Dream11 and Mobile Premier League, hugely popular for fantasy cricket.

A senior gaming industry executive said the recommendation that a regulatory body evaluate different formats of online games could raise entry barriers for new players and increase scrutiny of companies' current offerings.