BENGALURU (Reuters) - The Indian state of Karnataka, home to India's Silicon Valley, has proposed a ban on online games involving betting and wagering, sparking concerns that growing state regulations could hit the nascent but booming sector. Karnataka is proposing an amendment to the Karnataka Police Act to include such online games, seeking to ban "any act or risking money, or otherwise on the unknown result of an event including on a game of skill," according to the bill seen by Reuters. Many offences under the law already attract prison time, and the bill proposes to increase these penalties. The Karnataka government has said the bill is needed as youngsters from rural areas, mostly idle in the city during the COVID-19 pandemic, "have shown a tendency of becoming habitual gamblers." It comes as online fantasy gaming platforms such as Tiger Global-backed Dream11 and Sequoia Capital-funded Mobile Premier League (MPL) that offer fantasy cricket and football games have become … [Read more...] about India’s Silicon Valley state seeks to ban online gaming, worrying booming industry