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 >
A Peek at GameStop's Future Earnings
A Peek at GameStop's Future Earnings
Dec 9, 2024
GameStop ( GME ) will release its quarterly earnings report on Tuesday, 2024-12-10. Here's a brief overview for investors ahead of the announcement. Analysts anticipate GameStop ( GME ) to report an earnings per share (EPS) of $-0.03. The announcement from GameStop ( GME ) is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the...
Investigating NVIDIA's Standing In Semiconductors & Semiconductor Equipment Industry Compared To Competitors
Investigating NVIDIA's Standing In Semiconductors & Semiconductor Equipment Industry Compared To Competitors
Dec 9, 2024
In the dynamic and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating NVIDIA ( NVDA ) and its primary competitors in the Semiconductors & Semiconductor Equipment industry. By closely examining key financial metrics, market position, and growth prospects, our aim is to...
In-Depth Analysis: Microsoft Versus Competitors In Software Industry
In-Depth Analysis: Microsoft Versus Competitors In Software Industry
Dec 9, 2024
In the ever-changing and fiercely competitive business landscape, conducting thorough company analysis is crucial for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Microsoft ( MSFT ) and its primary competitors in the Software industry. By closely examining key financial metrics, market position, and growth prospects, our aim is to provide valuable insights...
Peeling Back The Layers: Exploring STMicroelectronics Through Analyst Insights
Peeling Back The Layers: Exploring STMicroelectronics Through Analyst Insights
Dec 9, 2024
In the last three months, 5 analysts have published ratings on STMicroelectronics ( STM ) , offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
Copyright 2023-2026 - www.financetom.com All Rights Reserved