The gaming industry is experiencing a breakout moment. By some estimates, it is worth over $2 billion and is expected to be worth thrice as much in five years.

However this proliferation of games, gaming companies and the gaming habit has raised some red flags. The government has just banned the advertising of all online betting platforms and is in talks with stakeholders about a regulatory framework for the industry.

To understand what is going on and where the gaming industry is headed, CNBC-TV18 spoke to Bhavin Pandya, Co-Founder and Co-CEO of Games24x7.

Watch video for more.