Why Frolic is Moving to Non-Real Money Gaming: A Complete Guide

At Frolic, our mission has always been to provide an entertaining and immersive gaming experience for our players. In the past, we offered Real Money Gaming options, but we're now shifting our focus to a Non-Real Money Gaming model. This strategic move allows us to concentrate entirely on what truly matters in gaming: enjoyable challenges, immersive experiences, and the thrill of competition or exploration.

By removing the element of real-world money, we aim to create an even more enjoyable environment for everyone. This shift enables players to immerse themselves fully in the game, fostering a relaxed and community-oriented atmosphere. We're confident that this transition will enhance the overall gaming experience and strengthen our player community.

We're thrilled about this change and the opportunity it brings to deliver even better games to our players. Keep an eye out for exciting new additions to the Frolic platform! So, let's dive into this blog and explore everything you need to know about Frolic's transition and updates.

The Taxing Landscape of Gaming by the Government-

‍In the budget 2023 update: The Central Board of Direct Taxes (CBDT) has issued a circular to provide clarity on Tax Deducted at Source (TDS) rules concerning online gaming winnings. According to the new rule, online gaming companies are required to deduct a 30% tax at source before disbursing winnings to players if the winnings exceed the threshold of ₹100. These amendments came into effect on April 1st, 2023.

Under the new regulations, the tax is calculated based on the net winnings of the user. Net winnings are determined as the difference between the amount withdrawn from the user account and the amount initially deposited. 

This approach ensures that taxes are applied only to the actual profits generated by the player, rather than the total amount of winnings.

By implementing these TDS rules, the government aims to regulate taxation in the online gaming sector and ensure compliance with tax laws. 

How 30% Deductions on Withdrawals Impacted Users?

With the enforcement of these deductions, many gamers have expressed feelings of disconnection from real money gaming apps, which has influenced their decision to abstain from participating on these platforms. Users perceive the imposition of taxes on their winnings as a barrier to their enjoyment of gaming and a reduction in the overall appeal of real money gaming apps.

For some players, the allure of gaming lies in the potential for significant monetary rewards, and the introduction of taxation diminishes the perceived value of their winnings. The additional tax burden may discourage players from actively engaging in real money gaming, as they weigh the financial implications against the enjoyment derived from gaming experiences.

Overall, the 30% deductions on withdrawals have created challenges for users, impacting their financial outcomes, engagement levels, trust in gaming platforms, decision-making processes, and perception of gaming value. Addressing these concerns and finding ways to mitigate the negative impact on users will be crucial for gaming platforms seeking to maintain a loyal and active user base.

5 Reasons Why Frolic is Moving into Non-Real Money Gaming Platform

Frolic is all about creating a vibrant gaming community focused on fun and delivering the most satisfying experiences to our users. To uphold this commitment, we're shifting into a platform where players can truly immerse themselves in enjoyment. Let's explore the reasons-

1. Frolic is evolving into a platform where users can enjoy playing free online games without encountering any hidden costs.
2. Users now have access to a diverse array of games spanning various categories, including arcade games, sports games, adventure games, shooting games, casual games, puzzle games, and more.
3. The Frolic app allows users to showcase their gaming skills on a global scale, connecting with like-minded individuals from around the world.
4. Frolic is placing a greater emphasis on building a vibrant gaming community, where players can effortlessly access a wide range of games—from casual diversions to skill-based challenges—and play them online for free, whether on their desktop or mobile device, without the need for downloads.
5. The app will introduce bonus battles, enabling players to participate in tournaments and battles to earn bonuses as rewards.

Why is Frolic Discontinuing Deposits?

Keeping in mind all the real money all the drawbacks associated with real money gaming, Frolic has decided to discontinue its deposit feature effective from May 1st, 2024. Consequently, users will no longer be able to deposit money on the Frolic Application. Nevertheless, users can still engage in paid games and participate in paid tournaments and battles to convert their deposits into winnings. 

Additionally, Frolic will cease its association with real money gaming after May 30th, 2024. Following this, players can enjoy various free online games such as Fruit Dart, Knife Hit, Ludo Boss, and more without any cost. This proactive measure ensures that users have the opportunity to safeguard their funds and avoid financial losses with the cessation of the deposit functionality. By enabling users to convert their deposits into winnings, Frolic demonstrates its commitment to fostering a fair and transparent gaming experience.

How to Convert Your Deposits into Winnings?

Players have the opportunity to convert their deposits into winnings through active participation in paid tournaments and battles hosted on the Frolic app. Upon emerging victorious in these specific contests, players become eligible to withdraw their earnings, which are promptly credited to their account. This seamless process not only enhances the excitement of gameplay but also ensures that players can enjoy the rewards of their skill and dedication on the Frolic platform.

Final Thoughts..

In conclusion, Frolic's decision to move to Non-Real Money Gaming represents a strategic shift towards compliance, user-centricity, and responsible gaming. By embracing NRMG, Frolic aims to create a safer, more accessible, and rewarding gaming environment for users while navigating the complexities of regulatory compliance and industry standards. 

As Frolic continues to evolve and innovate, users can expect a seamless and enjoyable gaming experience that prioritises transparency, fairness, and user satisfaction towards Non-Real Money Gaming, users can look forward to more exciting updates and innovations in the future. Stay tuned for the latest developments and enhancements to the Frolic gaming experience.

For more information and any questions, you can always reach out to us at [email protected]

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