Connect with us

Hi, what are you looking for?

Economy

India competition watchdog to investigate Google’s gaming app policy

BENGALURU (Reuters) – India’s competition watchdog on Thursday ordered a probe into Google (NASDAQ:GOOGL)’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.

“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.

This post appeared first on investing.com

You May Also Like

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com