India enacted the Promotion and Regulation of Online Gaming Act on August 22, 2025, significantly impacting the real-money gaming (RMG) industry. The new law empowers the government to ban online money games, defining them by user deposits for potential winnings, and imposes penalties on operators, advertisers, and financial intermediaries. This swift legislative move, from cabinet approval to presidential assent in four days, surprised industry leaders who had been anticipating regulatory clarity but not such a drastic measure. The act reshapes the country's gaming sector, leading to the collapse of the RMG industry.