68% people want govt to regulate online fantasy sports: Survey

The report by LocalCircles further estimates that the industry has potential to attract FDI of more than Rs 10,000 cr over the next few years as well as generate 1.5 bn online transactions

As many as 68 per cent citizens want the government to create guidelines or code of regulation for online fantasy sports platforms (OFSPs), according to a survey by community platform LocalCircles, which sought to understand the perception of the increasingly popular fantasy sports genre. 

Quoting a recent KPMG report, the NITI Aayog, in its discussion paper on regulation of online fantasy sports platforms, launched in December, said the number of users participating in online fantasy sports in India has grown at a compounded annual growth rate (CAGR) of 212 per cent, from 2 million users in June 2016 to 90