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 >
Checkmarx One Achieves Unprecedented Enterprise Adoption and Over $150M ARR in Three Years Under New Leadership
Checkmarx One Achieves Unprecedented Enterprise Adoption and Over $150M ARR in Three Years Under New Leadership
Oct 9, 2025
Company pioneers new AI Code Security Assistant category with Developer Assist and delivers groundbreaking research as platform grows PARAMUS, N.J.--(BUSINESS WIRE)-- Checkmarx, the global leader in agentic-AI powered application security testing, today announced record-breaking growth for its flagship platform, Checkmarx One, underscoring a wave of customer adoption fueled by innovation and strategic leadership. The news comes alongside groundbreaking research...
Exodus Movement, Inc. September 2025 Treasury Update and Monthly Metrics
Exodus Movement, Inc. September 2025 Treasury Update and Monthly Metrics
Oct 9, 2025
OMAHA, Neb., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. ( EXOD ) (Exodus or “the company”), a leading self-custodial cryptocurrency platform, today announced an update to selected digital asset holdings of Exodus’ corporate treasury, as well as updated user and exchange provider processed volume metrics, as of September 30, 2025: Selected Digital Asset Holdings (Unaudited) Bitcoin (BTC): 2,123...
China expands rare earth restrictions, targets defence, semiconductor users
China expands rare earth restrictions, targets defence, semiconductor users
Oct 9, 2025
* China curbs export of five new rare earth elements * New rules come weeks ahead of Trump-Xi meeting * Foreign producers who use Chinese tech, material required to comply * Foreign semiconductor users will face more scrutiny (Recasts to include new Chinese rare earth restrictions) BEIJING, Oct 9 (Reuters) - China tightened its rare earth export controls on Thursday,...
China announces artificial diamond export curbs set to take effect day before US tariff truce deadline
China announces artificial diamond export curbs set to take effect day before US tariff truce deadline
Oct 9, 2025
BEIJING (Reuters) -China on Thursday announced export curbs on some types of artificial diamonds set to take effect just before the U.S.-China tariff truce is scheduled to end, further tightening Beijing's grip over high-tech manufacturing supply chains. Certain artificial diamond micropowders, single crystals, wire saws and grinding wheels will require an export licence from November 8, China's commerce ministry and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved