Stock Market News

India competition watchdog to investigate Google’s gaming app policy

2024.11.28 09:55

BENGALURU (Reuters) – India’s competition watchdog on Thursday ordered a probe into Google (NASDAQ:)’s restrictive policies for real-money games on its platform, following a complaint by online gaming platform WinZO that called it discriminatory.

The move compounds Google’s regulatory headaches in India, where it has already been hit with at least two penalties for abusing its dominant position in the Android operating system market.

Google did not immediately respond to requests for comment made after working hours in India and with the Thanksgiving holiday in the United States.

WinZO, which offers real-money games, first approached the Competition Commission of India (CCI) in 2022, after a change in the U.S. company’s gaming app policy continued to exclude WinZO from Google’s Play Store, even as it accepted some of its competitors.

The updated Google policy allowed real-money games for fantasy sports and rummy, but WinZO was rejected as it also offered games in other categories that Google does not accept, such as the Indian game of carrom, puzzles and car racing.

© Reuters. FILE PHOTO: The logo of Google is seen outside Google Bay View facilities during the Made by Google event in Mountain View, California, U.S. August 13, 2024. REUTERS/Manuel Orbegozo/File Photo

“By granting preferential treatment to select app categories, Google effectively creates a two-tier market where some developers are accorded superior access and visibility while others are discriminated against and thus, left with a competitive disadvantage,” a copy of the CCI order stated.

A CCI official is expected to complete its investigation into the matter within 60 days.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 84,322.59 3.10%
ethereum
Ethereum (ETH) $ 2,032.75 7.43%
xrp
XRP (XRP) $ 2.54 13.21%
tether
Tether (USDT) $ 1.00 0.02%
bnb
BNB (BNB) $ 609.92 2.77%
solana
Solana (SOL) $ 131.66 7.22%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.739426 6.88%
dogecoin
Dogecoin (DOGE) $ 0.172761 5.20%
tron
TRON (TRX) $ 0.230247 3.03%
staked-ether
Lido Staked Ether (STETH) $ 2,030.69 7.24%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,206.56 3.26%
chainlink
Chainlink (LINK) $ 14.53 5.95%
the-open-network
Toncoin (TON) $ 3.72 3.20%
leo-token
LEO Token (LEO) $ 9.81 0.75%
stellar
Stellar (XLM) $ 0.292144 9.91%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,432.16 7.61%
usds
USDS (USDS) $ 1.00 0.04%
avalanche-2
Avalanche (AVAX) $ 19.75 6.57%
hedera-hashgraph
Hedera (HBAR) $ 0.193465 5.25%
pi-network
Pi Network (PI) $ 1.14 1.21%
sui
Sui (SUI) $ 2.40 6.45%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 3.29%
litecoin
Litecoin (LTC) $ 91.71 3.60%
polkadot
Polkadot (DOT) $ 4.51 4.85%
bitcoin-cash
Bitcoin Cash (BCH) $ 338.92 1.68%
mantra-dao
MANTRA (OM) $ 6.71 3.13%
weth
WETH (WETH) $ 2,030.76 7.47%
bitget-token
Bitget Token (BGB) $ 4.72 4.10%
ethena-usde
Ethena USDe (USDE) $ 0.999926 0.01%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.30%
hyperliquid
Hyperliquid (HYPE) $ 15.06 13.62%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,160.80 7.54%
uniswap
Uniswap (UNI) $ 6.85 11.11%
whitebit
WhiteBIT Coin (WBT) $ 28.34 0.20%
monero
Monero (XMR) $ 206.10 0.20%
susds
sUSDS (SUSDS) $ 1.04 0.03%
aptos
Aptos (APT) $ 5.54 2.51%
near
NEAR Protocol (NEAR) $ 2.77 8.35%
dai
Dai (DAI) $ 0.999529 0.02%
okb
OKB (OKB) $ 52.20 2.66%
pepe
Pepe (PEPE) $ 0.000007 8.87%
internet-computer
Internet Computer (ICP) $ 5.93 4.40%
gatechain-token
Gate (GT) $ 22.61 4.38%
mantle
Mantle (MNT) $ 0.820761 1.89%
ethereum-classic
Ethereum Classic (ETC) $ 18.19 4.85%
ondo-finance
Ondo (ONDO) $ 0.866517 5.58%
aave
Aave (AAVE) $ 181.29 7.96%
tokenize-xchange
Tokenize Xchange (TKX) $ 33.95 3.45%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,272.58 3.21%