financetom
Technology
financetom
/
Technology
/
Rajeev Chandrasekhar says wagering barred in all forms, be it game of skill or chance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rajeev Chandrasekhar says wagering barred in all forms, be it game of skill or chance
Apr 13, 2023 10:49 AM

Union Minister Rajeev Chandrasekhar on Thursday stated in a tweet that online gaming rules do not need to get into the nuances of chance or skills, as wagering is prohibited in all forms of games, regardless of their nature.

He clarified that wager is a well-defined expression in contract law, and its meaning has been clearly established by judicial decisions. Thus, there is no need to consider the nuances of chance or skill, as the harm of wagering is directly prohibited.

The government has recently notified norms to regulate the online gaming sector, prohibiting real money games involving wagering or betting.

The #ITRules for OnlineGaming hv been developed after extensive consultation , are quite clear n deal wth every aspect.This framework liberates startups from multiple conflicting state laws, court decisions etc n establishes clarity n growth.Im responding to this edit in… pic.twitter.com/rHRiLCrL7x

— Rajeev Chandrasekhar

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SEALSQ and WISeKey Announce Roadmap and Launch of Official Website for WISeRobot.ch, Integrating Human-Centric AI With Post-Quantum Security in Robotics
SEALSQ and WISeKey Announce Roadmap and Launch of Official Website for WISeRobot.ch, Integrating Human-Centric AI With Post-Quantum Security in Robotics
May 19, 2026
Geneva, Switzerland, May 20, 2026 (GLOBE NEWSWIRE) -- Image: https://ml.globenewswire.com/Resource/Download/fd66b187-c113-4a9b-b1c4-7c336acded63/image2.png SEALSQ Corp ( LAES ) (SEALSQ or Company), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, and its parent company WISeKey International Holding Ltd (“WISeKey”), a global leader in cybersecurity, digital identity and IoT, today announced the launch of the WISeRobot.ch platform...
Alibaba unveils new AI chip in push for domestic alternatives
Alibaba unveils new AI chip in push for domestic alternatives
May 19, 2026
* Alibaba unveils Zhenwu M890 AI chip * Chip is three times faster than previous generation * Multi-year roadmap includes V900, J900 chips BEIJING/SINGAPORE, May 20 (Reuters) - Alibaba Group ( BABA ) on Wednesday unveiled a new AI chip, the Zhenwu M890, as the Chinese technology giant intensifies efforts to build domestic alternatives to Nvidia ( NVDA ) processors...
Alibaba unveils new AI chip in push for domestic alternatives
Alibaba unveils new AI chip in push for domestic alternatives
May 19, 2026
BEIJING/SINGAPORE, May 20 (Reuters) - Alibaba Group ( BABA ) on Wednesday unveiled a new AI chip, the Zhenwu M890, as the Chinese technology giant intensifies efforts to build domestic alternatives to Nvidia ( NVDA ) processors amid tightening U.S. export curbs. The chip, developed by Alibaba's semiconductor design subsidiary T-Head, delivers three times the performance of its predecessor, Zhenwu...
WISeKey and SEALSQ Announce Roadmap and Launch of Official Website for WISeRobot.ch, Integrating Human-Centric AI With Post-Quantum Security in Robotics
WISeKey and SEALSQ Announce Roadmap and Launch of Official Website for WISeRobot.ch, Integrating Human-Centric AI With Post-Quantum Security in Robotics
May 19, 2026
WISeKey ( WKEY ) and SEALSQ Announce Roadmap and Launch of Official Website for WISeRobot.ch, Integrating Human-Centric AI With Post-Quantum Security in Robotics Image: https://ml-eu.globenewswire.com/Resource/Download/68709306-91f8-4e3c-a0d8-c21b1727b092/image2.png GENEVA, Switzerland — May 20, 2026 - WISeKey International Holding Ltd (“WISeKey” or the “Company”), a global leader in cybersecurity, digital identity and IoT, and its Semiconductors, PKI, and Post-Quantum technology hardware and software products subsidiary...
Copyright 2023-2026 - www.financetom.com All Rights Reserved