Flutter shuts down money-based online games in India following law change


FILE PHOTO: The words "India online gaming regulations" are displayed in front of an Indian flag in this Illustration taken September 14, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

DUBLIN (Reuters) -Online betting company Flutter has shut down its money-based online games in India following a law change last week, with CEO Peter Jackson saying he was "extremely disappointed" by the development.

India's parliament on Thursday passed a bill to ban online games played with money in a move that threatens the survival of the popular fantasy gaming sector, after Prime Minister Narendra Modi's government flagged the high risk of financial harm.

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