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 >
Factbox-Recent suspected underwater sabotage incidents in the Baltic Sea
Factbox-Recent suspected underwater sabotage incidents in the Baltic Sea
Dec 2, 2024
HELSINKI (Reuters) - The Baltic Sea region has seen several cases of suspicious damage against underwater critical infrastructure since 2022, but authorities have been unable to find sufficient proof of deliberate malicious intent to press charges.  NOV 2024: BALTIC TELECOM CABLES In the most recent case, two undersea fibre-optic communications cables located more than 100 nautical miles (about 200 km)...
China bans exports of gallium, germanium, antimony to US
China bans exports of gallium, germanium, antimony to US
Dec 3, 2024
BEIJING (Reuters) - China will ban exports of 'dual-use items' related to gallium, germanium, antimony and superhard materials to the United States that take effect from Tuesday, the commerce ministry said. It also requires stricter review for end-user and end-usage for graphite dual-use items shipped to the U.S. The move comes after the United States launched on Monday its third...
EXPLAINER-How China could retaliate against new US chip curbs
EXPLAINER-How China could retaliate against new US chip curbs
Dec 2, 2024
BEIJING, Dec 3 (Reuters) - Washington's new curbs on China's semiconductor industry are fanning fears that Beijing could strike back, as trade tensions between the two largest economies intensify. Chinese authorities have vowed to take action to safeguard the interests of their companies and the country has in recent years amassed a series of tools that analysts say they can...
Factbox-US targets China's chip industry with new restrictions
Factbox-US targets China's chip industry with new restrictions
Dec 2, 2024
WASHINGTON (Reuters) -The United States on Monday launched its third big crackdown in three years on China's semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves. Below is a list of the biggest actions being taken, according to the Commerce Department. CHIP EQUIPMENT New controls will be placed on semiconductor manufacturing equipment...
Copyright 2023-2026 - www.financetom.com All Rights Reserved