According to Indian Categorical, Google has decided to allow fantasy and Rami apps as a trial in its Play Games Bundle App Marketplace. These apps will be available for download on the Play Store for one year starting from 28 September. For this, all developers must first submit an application to Google.
If you want to know how strict it has been about Google Betting or Fantasy apps, then let us tell you that in 2020, Google was temporarily removed from the Play Store to promote the Paytm app as Paytm app Paytm First Video Games, as Google considered it a betting app.
According to Moneycontrol, after this announcement made by Google, on Monday, mobile gaming and sports media platform Nazara Applied Sciences increased for the third consecutive session in shares. The report stated that the stock on NSE at 11.36 am on Monday, at 11.36 am was 6.1 percent above the price of Rs 780.5. It was one of the most active shares in the first hour of the trade with a volume of 3,891,566.
According to the management of Nazara Applied Sciences, “This skill-based real money gaming is great for everyone in the ecosystem.”
The real-mani gaming portfolio of Nazara Applied Sciences includes fantasy sports platform halaplay and skill gaming platform OpenPlay. In the first quarter of FY 2023, the segment had about 6 percent of the company’s total earnings.
In the report, citing the Federation of Indian Fantasy Sport (FIFs) and DELOITTE, it has been reported that Fantasy Sports Market in the country is estimated to increase from Rs 34,600 crore in FY 2011 to an estimated Rs 1,65,000 crore by FY 2015. The user base of fantasy sports market in India is the highest of Rs 13 crore anywhere in the world.
The report further stated that Google opted to allow fantasy games as part of the pilot to collect enough information about any possible user loss and safety of such apps and to collect adequate information about any potential user loss and safety of such apps. “
