Online gambling market size and shares by 2027 | Revenue, cost analysis, gross margins, future investment | Segmentation by types, applications

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India is the largest mobile gaming market in the world in terms of app downloads. With evolving technologies, the gaming industry is expected to expand in new ways, with platforms hosting games creating a wide range of job opportunities. According to an EY – AIGF (All India Gaming Federation) report, India’s online gaming market, currently valued at $1.8 billion, is expected to grow to $4-5 billion by 2025. that there will be 510 million online gamers. in India by 2022, up from 360 million in 2020.

As online games experience exponential growth and open up a world of connectivity and fast-paced entertainment, it is imperative that the companies behind these popular games put the best security and privacy measures in place to protect the interests of a growing user base.

Here we list some notable initiatives that you can familiarize yourself with and keep in mind the next time you pick up your phone to play.

Protecting Your Money: Loss Protection Policy

Do you like to play chess, carrom or ludo in your spare time? There are currently many notable apps that allow you to monetize your skills when playing these games. But sometimes it’s easy to get carried away while playing, whether you win or lose. What if you lose your money in the process? Do not worry! A few game companies are trying to solve this problem with new initiatives. For example, MPL, one of India’s gaming unicorns, recently launched a “Loss Protection Policy”. With this, you can play risk-free and get up to 100% of your net loss refunded if you lose a game.

Protections against cyber threats

Gambling has always been a great source of entertainment. But what happens when a game is hacked or your information is stolen? Cybersecurity in gaming is on everyone’s mind, both gamers and gaming companies. A few months ago there were reports of a data breach on popular games such as Roblox and Grand Theft Auto. To protect user data, major gaming platforms like Steam have introduced 2FA (Two Factor Authentication) protocols to give players more control over their accounts. Indian companies are also taking active steps in this regard. MPL, PokerBaazi, WinZo, all have systems in place to scan for threats and bad actors and prevent any attack. Incidentally, MPL and PokerBaazi were recently announced as winners of the 2022 SHIELD Trust Awards, presented by SHIELD, a global risk intelligence company, based on the strength of their security measures.

No more bots or annoying players

There’s no denying that games are much more enjoyable when played against friends and other people. But one of the biggest problems facing gamers is the prevalence of bots. We’ve all seen it before – they’re programmed to act like real people but are system generated. And they spoil the fun of a well-played game – after all, where’s the fun and challenge of taking down automated opponents in, say, a first-person shooter? Another common problem is that players use cheat codes to advance in the game and gain an unfair advantage. Fortunately, many game companies monitor these accounts in real time and permanently ban them if any illegal program or activity is detected. For example, Krafton, the South Korean gaming giant, recently deleted 25 lakh accounts in a month to eradicate cheating on Battlegrounds Mobile India popularly known as BGMI. Epic Games, the maker of Fortnite, also routinely kicks players found guilty of cheating in games.

Keep your games under control: Time Lock

Like all good things in life, the game is best played in moderation. This is where time locks come in. iPhones and Android phones already have built-in features or third-party apps available to help you check and reduce your screen time. Going further, several online game apps have also introduced methods to warn you if you go too far while playing your favorite game. For example, the PokerBaazi poker platform offers what is called a poker break, a way for you to take time off and calm down for any length of time you choose. Other skill game companies like Rummy Circle and MPL also have similar features to make sure you’re playing within reason.

To sum up, gambling is a great way to relax and have fun. And the player-focused initiatives listed above will go a long way to keeping it that way.

About Dorie Castro

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