MUMBAI: The Federation of Indian Fantasy Sports (FIFS), a self-regulatory body, which represents 13 Indian fantasy sport operators was officially launched on 24 October in India.
The registered not-for-profit trade body, has been formed to protect the interests of all Indian users by creating regulations for fantasy sports operators in India, says a report in the Asia Gaming Brief.
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. Said Jha, “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.”
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.”
