Fantasy sports body launches in India

A registered not-for-profit trade body, the Federation of Indian Fantasy Sports (FIFS), officially launched on October 24, Glaws reports.

FIFS is a self-regulatory body, which represents 13 Indian fantasy sport operators, formed to protect the interests of all Indian users by creating regulations for fantasy sports operators in India.

It also aims to promote fantasy sports as a game of skill that is exempt from the anti-gambling legislations.

The Federation is managed by Genesis Burson Marsteller (GBM), a leading public advocacy firm, and the inaugural workshop was led by Vinay Jha, ex-IAS officer and Principal Advisor, Public Affairs at GBM.

Commenting on the launch, Vinay Jha said, “A self-regulatory body supported by its members is the strategic way forward to address the issues and opportunities of the Fantasy Sports industry in an efficient manner.”

Commenting on the launch of the federation, Harsh Jain, CEO of Dream11 and the founding member of FIFS, said, “We look forward to working with all the Indian fantasy sports operators in this exponentially growing industry to protect all Indian user’s interests via a self-regulatory framework.”

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