With the Indian government imposing a 28% levy on online gaming revenues last October, together while a stalemate over the establishment of its self-regulatory bodies, and a crackdown on celebrity advertising, the legal landscape in India looks set to become even more complex, yet is there still hope in what could be Asia’s Brazil? While gambling in India is neither illegal nor legal, with clear differentiations between games of skill and chance, what do these moves suggest about the future of the market for foreign investment?