The Rummy Federation Awards Accreditation Seal to Four Operators in India
The Rummy Federation awarded Dynamic Seal to F♊our online rummy companies who followed a stringent code of conduct to protect interests of players.
The Rummy Federation (TRF), the self-regulatory body for the online rummy industry in In🔯dia, awarded the TRF Dynamic Seal, a seal of accreditation to four operators in the country, in an event held in New Delhi last week.
As per TRF, the online rummy industry in Indi🧸a is worth Rs. 2200 crore and caters to over 5.5 crore players. It is growing at 34% Comꦿpounded Annual Growth Rate (CAGR). There are around 18 companies in the online rummy industry in India, of which seven companies are affiliated to TRF.
The four Rummy platforms to receive the Dynamic Seal are Ace2three, Junglee Rummy , Rummy Circle and Rummy Passion. As per TRF, a renowned Big Four audit firm conducted a third-party audit of these businesses before the seals were awa🔜rded.
TRF also hosted a CEO roundtable conference on the sidelines of the accreditation event to discuss issues pertaining to the online rummy industry with๊ leading operators as well as other stakeholders.
These four rummy companies are now certified to have followed a strict code of conduct that protects the interests of players. 🔯The self-regulatory by TRF at a knowledge summit in Mumbai in 2018. At the summit, TRF also released a paper with Deloitte, ‘’. The paper covered the emerging trends in the online rummy industry, the current market size, growth potential, possible gamers’ characteristics, and the regulatory landscape in India.
To keep the Seal valid, rummy companies have to comply to the requ༺irements of the code of conduct on an on-going basis. Some of the main requir♛ements to compliance are:
- No underage players
- Recognizing and assisting vulnerable players
- Responsible gaming requirements including daily and monthly playing limits, ability to self-exclude, etc.
- SSL encryption
- Mandatory Random Number Generation certification
- Strict timelines for withdrawal requests
This initiative is aimed at promoting a responsible, safe and fair g♌ameplay experience to the users. Companies who get this digital certificate have to comply with stringent guidelines outlined by TRF.
TRF is a notꦏ-for-profit body that was in the cou♔ntry.
Sameer Barde, the CEO of TRF awarded the seals to Deepak Gullapalli, Founder and CEO, Head Digital Works (Ace2three ), Rahul Bhardwaj, Co-Founder, Junglee Games (Junglee Rummy), Gaggan Kharbanda, Co-Founder and CEO, Passion Gaming (Rummy Passion), 𝓡and Trivikraman Thampy, CEO and Co-founder of Play Games24X7 (Rummy Circle).
Barde, at the launch of the TRF Dynamic Seal, said, “Online Rummy is a rapidly growing industry with new players joining every day and several emerging operators. With the growing number of players and operators,🌜 the online rummy ecosystem has become quite robust, while also creating the need for regulation to safeguard the players and ensure responsible,💮 secure and fair environment for them. The TRF seal symbolizes compliance to the strict code of conduct set in place for operators to protect the players from any unwanted outcome and an assurance to players so they can put their minds at ease and enjoy the game.”
