Apple's Betting App Dilemma In India: Government Calls For Immediate Action
Portfolio Pulse from Arpit Nayak
India's IT regulator plans to certify permissible online games until the gaming industry establishes a self-regulatory organization (SRO). Apple and Google will be notified to ensure compliance with the certification process. Apple has not refused to comply with the February order to ban 138 betting apps but requires a concrete reason or legal requirement to remove them.
May 31, 2023 | 12:21 pm
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Apple faces regulatory pressure in India to remove betting apps from its App Store, but requires a concrete reason or legal requirement to do so.
Apple is under regulatory pressure in India to remove betting apps from its App Store. However, the company has not refused to comply with the order but requires a concrete reason or legal requirement to remove the apps. This situation may create uncertainty for Apple in the short term, but it is unlikely to have a significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Google will be notified by India's IT regulator to ensure compliance with the certification process for permissible online games.
India's IT regulator plans to notify Google to ensure compliance with the certification process for permissible online games. This regulatory development may create uncertainty for Google in the short term, but it is unlikely to have a significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Google will be notified by India's IT regulator to ensure compliance with the certification process for permissible online games.
India's IT regulator plans to notify Google to ensure compliance with the certification process for permissible online games. This regulatory development may create uncertainty for Google in the short term, but it is unlikely to have a significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80