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 >
Evening update for crude oil-28-05-2025
Evening update for crude oil-28-05-2025
May 28, 2025
The (crude oil) price rose in its recent intraday trading, supported by the emergence of the positive signals on the (RSI), surpassing the resistance of the EMA50, and attacks the current resistance level at $62.00, amid the dominance of the bullish correctional trend on the short-term basis. Do you need help in trading decisions? Do you want to learn how...
Forecasting The Future: 9 Analyst Projections For Bitdeer Technologies
Forecasting The Future: 9 Analyst Projections For Bitdeer Technologies
May 28, 2025
During the last three months, 9 analysts shared their evaluations of Bitdeer Technologies ( BTDR ) , revealing diverse outlooks from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
Evening update for Gold -28-05-2025
Evening update for Gold -28-05-2025
May 28, 2025
The (Gold) price declined in its recent intraday trading, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, to lean on the support of its EMA50, attempting to gain positive momentum that might assist it to rise. Do you need help in trading decisions? Do you want to learn how to start trading? Join Economies.com...
Evening update for Bitcoin-28-05-2025
Evening update for Bitcoin-28-05-2025
May 28, 2025
The (BTCUSD) price declined in its recent intraday trading, breaking a minor bullish trend line on the short-term basis, accompanied by surpassing the support of its EMA50, which increases the negative pressure, on the other hand, we notice the beginning of forming a positive divergence of the (RSI), after reaching oversold levels, with the beginning of positive overlapping signals appearance...
Copyright 2023-2026 - www.financetom.com All Rights Reserved