- Mobile Premier League (MPL) is cutting its staff by 50% after a 28% tax on online real-money games was introduced in India.
- The new taxation rule, deemed ‘unconstitutional and irrational’ by the All India Gaming Federation, increases MPL’s tax burden by 350-400%, leading to layoffs of approx 350 staff.
- Investors including Tiger Global, DST Global, Peak XV implored PM Narendra Modi to reconsider the new tax regime, but the Indian government held firm to this decision.
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