DIGITAL GAMING PLATFORMS
Hood stock surges 14% as Robinhood joins S&P 500: Analysts are bullish – suggesting strong buy
Robinhood stock surged 14% after the trading app pioneer joined the S&P 500 index. Once known for meme stock volatility, Robinhood has rebuilt trust with investors through strong crypto trading, options growth, and interest income.
SC transfers all petitions challenging online gaming law to itself
The Ministry of Electronics and Information Technology (MeitY) sought a transfer of three pending cases from the high courts to the apex court on the grounds that different HCs may arrive at inconsistent findings on the same Central legislation.
Karnataka HC defers hearing on online gaming law pending clarity on SC hearing
Solicitor General Tushar Mehta informed the Karnataka High Court that the Centre had filed a petition in the apex court seeking transfer of pending petitions in HCs on the subject to itself. A writ petition was filed by Head Digital Works, the parent company of online gaming platform A23, challenging the law banning online real-money games. Other petitions on this matter are pending before the Delhi and Madhya Pradesh HCs.
New James Bond actor confirmed — but there’s a jaw-dropping twist that has everyone talking
James Bond is coming back in an all-new way, exciting fans. IO Interactive has introduced Irish actor Patrick Gibson as the main lead in 007 First Light, a reimagined origin story portraying Bond at just 26, as he navigates the way to get his 00 status. Revealed in Sony’s State of Play, the game combines espionage, stealth, and cinematic action showing a new narrative and updated showcase of M, Q, and Miss Moneypenny.
South Korean YouTuber Daedo Library found dead at 47, had 1.44 million subscribers
Na Dong-hyeon, the popular YouTuber known as Daedo Library with 1.44 million subscribers, was found dead at his Seoul home Friday morning, September 5. Police discovered no suicide note or murder evidence. The 47-year-old was considered a pioneer of South Korean internet broadcasting and gaming content creation
YouTube NFL coverage draws viewer criticism during Chiefs-Chargers game in Brazil
NFL viewers criticized YouTube's pregame coverage during the Kansas City Chiefs vs Los Angeles Chargers game in Brazil. Fans complained about content creators, presentation style, and lack of traditional sports reporting professionals in the streaming platform's inaugural NFL broadcast on Friday night, September 5
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Give BARC more bite for viewers
India's media sector is rapidly changing. Consumption habits are converging across platforms. The I&B ministry is reviewing TV rating policies. This aims for a unified measurement system. Broadcast Audience Research Council (Barc) currently provides these metrics. The goal is to capture India's diverse media consumption. The ministry's proposal risks destabilizing the industry. Instead, build on Barc's experience.
Hollow Knight: Silksong Launch Crash Error Fix: What is Steam E502 L3 error? How to solve issues on Steam, Xbox, PlayStation, Nintendo Switch consoles and PC
Hollow Knight: Silksong launch crash error fix guide explains solutions for Steam crashes, E502 L3 server overload and other platform errors. Learn how to verify files, update drivers and troubleshoot issues.
Is Steam down? Hollow Knight: Silksong release crashes storefronts before fans can play
Hollow Knight: Silksong is finally out today, but the launch is hitting a major snag. Steam, the Nintendo eShop, and PlayStation Store are experiencing crashes as fans rush to download the long-awaited sequel. Players worldwide are waiting to jump in on PC, Switch, PS5, Xbox, and Game Pass, while storefronts struggle under the overwhelming demand.
Hollow Knight: Silksong release crashes PS5, switch, and steam storefronts. Thousands report issues with server and purchasing
The PC gaming store and platform Steam is currently experiencing a massive outage following the release of the highly anticipated new game, preventing users from playing Hollow Knight: Silksong on launch date. Many users have complained issues with server and purchasing ahead of Hollow Knight: Silksong becoming playable on the platform.
Zomato, Swiggy's GST woes; Amazon's $200-million Axio deal
With the overhaul of India's GST regime, food delivery companies Zomato and Swiggy stare at a new tax burden. This and more in today's ETtech Top 5.
SC to hear Centre’s plea to transfer Online Gaming Act petitions
The Supreme Court has agreed to hear the Centre's plea to transfer petitions challenging the Promotion and Regulation of Online Gaming Act 2025 from multiple high courts to avoid conflicting decisions.
Wordle Hints Today: Answer for September 4, 2025 — Puzzle #1538 explained
Word game fans once again flocked to the New York Times’ daily puzzle as Wordle rolled out its 1,538th challenge on September 4, 2025. The latest edition struck a balance between testing vocabulary skills and remaining approachable for players well-versed in the game’s mechanics.
Uber offers driver partners a side hustle: AI data labelling
Uber is leveraging its Indian driver network for AI data labeling, offering them extra income through micro-tasks within the Uber app. This initiative, already underway in twelve Indian cities, supports Uber AI Solutions, which provides data-labeling services to companies in AI, autonomous vehicles, and tech. The program aims to utilize driver downtime and potentially expand to other global markets.
Govt to frame rules, set up authority under Online Gaming Act soon: Centre tells Delhi HC
The Centre told the Delhi High Court it will soon notify The Promotion and Regulation of Online Gaming Act, 2025, and constitute a regulatory authority. Solicitor General Tushar Mehta said the government supports online gaming but flagged risks of money games causing addiction.
Choice Institutional initiates coverage on Nazara Technologies with Buy rating, sees 21% upside potential
Choice Institutional Equities initiated coverage on Nazara Technologies with a BUY rating. Strong growth, acquisitions, and global expansion support momentum, though regulatory risks and underperforming IPs remain key challenges
BigBasket top brass churn; RMG ban pain manifests
Happy Tuesday! BigBasket CEO Hari Menon is expected to take a step back as part of a leadership transition. This and more in today's ETtech Morning Dispatch.
Real-money gaming apps see sharp decline in downloads, begin layoffs
The Online Gaming Bill, 2025 triggered a collapse in real-money gaming apps, with downloads plunging 60–95% for MPL, Winzo, and Zupee. Dream11 bucked the trend, doubling installs despite the ban. While most players accepted the law, A23 has legally challenged it.
Fantasy sports' exit to slow Indian cricket's run rate
India's cricket economy anticipates a significant setback. A ban on money-based online games may cause a ₹7,000 crore loss. Broadcasters and rights holders who relied on fantasy sports advertising will face challenges. Sponsorship deals are already affected. The Board of Control for Cricket in India seeks a new sponsor for the Asia Cup.
MPL to slash local workforce as real-money gaming ban wipes out India biz
As a group, India accounted for 50% of Mobile Premier League (MPL) parent M-League's revenue and this change would mean that we will no longer be making any money from India in the near future, the CEO told employees over email.
Real money gaming ban leaves 2,000+ workers searching for new jobs
Following the recent ban on online money games in India, over 2,000 gaming professionals are seeking new opportunities. Real money gaming companies are pivoting and diversifying, creating uncertainty among employees, especially in non-tech roles like digital content and marketing. Tech professionals, however, remain in high demand as companies explore new business models.
Reliance Jio IPO at $154 billion valuation? India's biggest listing and what investors need to know
Reliance Jio is gearing up for a record-breaking IPO by H1 2026, potentially raising up to Rs 67,500 crore and valuing the company at $154 billion. It would surpass all previous Indian listings, including Hyundai and LIC. With over 500 million subscribers and strong financials, Jio aims for global expansion, though analysts caution on valuation benefits for RIL shareholders.
Stop them at the gate! India has a new battle against the betting traps
An Indian parliamentary committee is pushing for stricter digital verification of offshore betting advertisers, citing a surge in fraudulent promotions targeting Indian users. This comes after a ban on domestic real money gaming (RMG) crippled local platforms, inadvertently opening the door for foreign sites like Parimatch and 1XBet.
Real-money gaming ban triggers split in industry response: Legal challenge vs compliance
While most big companies in the RMG space have complied with the new law, one firm, Head Digital Works, which owns India’s top online gaming platform A23, has moved court.
Big news for US gamers: NBA 2K26 release date, time, and platforms finally confirmed. When can you play it?
NBA 2K26 is set to launch on September 5, 2025, featuring stars like Shai Gilgeous-Alexander on its cover. The game promises enhanced realism by integrating NBA and WNBA systems. Early access begins on August 29 for those who purchase the Superstar or Leave No Doubt editions. This year, "The Playoffs" mode is now in MyNBA Online.
India’s online money gaming ban faces first legal challenge as A23 owner moves Karnataka HC
Head Digital Works, the parent company of A23, has challenged the Promotion and Regulation of Online Gaming Law, 2025, in the Karnataka High Court. This action follows the passage of the Online Gaming Bill, which bans online money games to combat addiction and fraud.
Steam adult game coder loses access to £80,000 as PayPal slaps sudden freeze - here's why
A UK-based Steam programmer had £80,000 GBP frozen by PayPal alleged violations of its terms of service connected to adult-themed game development. Even though the game was legally compliant and all sales processed via Steam, PayPal upheld its restrictions.
Gameskraft complies with Online Gaming Act; will not pursue legal action
Gameskraft will not legally challenge the new Online Gaming Act, 2025, which bans real-money games. It has already halted such services on its Rummy platforms and cleared all dues. The company now plans to explore compliant opportunities, focusing on innovation, player safety, and alignment with India’s evolving digital gaming regulations.
Indian digital advertising market to grow at 15% annually: Bain & Company report
Per the global management consulting firm, this growth between 2024 and 2029 will be driven by consumption growth, the emergence of new media avenues, and wider internet usage. The report said that, from spending the majority of their digital advertising budgets on Google and Meta, brands are now diversifying to news apps, OTT and ecommerce platforms, quick commerce apps, and gaming apps.
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