The Dichotomy in Self-Regulation of Online Fantasy Sport Platforms

The rise of internet has given birth to a plethora of digital platforms all performing various kinds of functions. One such distinct platform is that of Online Fantasy Sports, a sub-category of the Online Gaming Platforms. The Online Fantasy Sports Platforms in India face a unique problem for two reasons— lack of regulatory norms and confusion regarding the level of skill or chance involved in the game. In this article, an analysis of the self-regulation system is done which proves that the system is heavily flawed. Finally, a conclusion is drawn based on the analysis drawn that self-regulation is not an effective practice with respect to OFSPs and therefore is not a feasible means of regulation.