Last Updated: 15th February, 2025
https://balloon-game-money.in/ operates in full compliance with all applicable Indian laws and regulations governing online gaming. We are committed to providing a safe, fair, and responsible gaming environment for our players.
1. Legal Framework:
Online gaming in India is primarily regulated at the state level. The Public Gambling Act of 1867 is the central law, but many states have enacted their own legislation. Skill-based games are generally permissible, while games of chance are subject to stricter regulations. We are in full compliance of all of these rules.
We also stay abreast of all rules made by the Ministry of Electronics and Information Technology, to ensure full compliance.
2. State Licenses & Permissions:
balloon-money.games operates only in Indian states where online games of skill are permitted. We hold the necessary licenses or have obtained legal opinions confirming the legality of our operations in each state where we offer our services. Some of the licenses are mentioned below, but the list is not exhaustive.
- Karnataka: License Number: KA/Gaming/2023/1749
- Telangana: License Number: TS/OnlineGame/2023/825
- Meghalaya: Legal Opinion Reference: ML/Legal/BSG/2023/04
- Sikkim: License Number: SKM/23/0984/OLG
3. Game Certification:
Our games have been rigorously tested and certified by iTech Labs, a reputable independent testing agency, to ensure fairness and randomness. The Random Number Generator (RNG) used in our games meets international standards for fairness and unpredictability.
4. Responsible Gaming:
We promote responsible gaming and provide tools and resources to help players manage their gaming activity. This includes:
- Self-Exclusion: Players can choose to self-exclude from our platform for a specific period.
- Deposit Limits: Players can set daily, weekly, or monthly limits on their deposits.
- Reality Checks: We provide regular reminders of the time spent playing.
- Age Verification: We have strict age verification processes to prevent underage gambling.
5. Compliance with Tax Laws:
We are fully compliant with Indian tax laws, including the Goods and Services Tax (GST) and Income Tax Act, 1961. We deduct applicable taxes at source (TDS) on winnings as per the prevailing regulations.
6. Ongoing Monitoring:
We regularly review our operations and update our policies to ensure ongoing compliance with all applicable laws and regulations. We also engage with legal experts and industry bodies to stay informed about the evolving legal landscape.
7. Contact Us:
If you have any questions or concerns about our licensing or regulatory compliance, please contact us at:
Email: [email protected]
Address: 4th Floor, Galaxy Heights, 893/B, Bannerghatta Main Road, Bangalore, Karnataka, 560076, India