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 >
AT&T sells 70% stake in DirecTV to TPG for $7.6 bln
AT&T sells 70% stake in DirecTV to TPG for $7.6 bln
Sep 30, 2024
Sept 30 (Reuters) - AT&T ( T ) said on Monday it would sell its 70% stake in satellite TV service DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the telecom operator. AT&T ( T ) in 2021 signed a joint-venture agreement with TPG, which contributed about $1.8 billion in cash...
AT&T sells 70% stake in DirecTV to TPG for $7.6 billion
AT&T sells 70% stake in DirecTV to TPG for $7.6 billion
Sep 30, 2024
(Reuters) - AT&T ( T ) said on Monday it would sell its 70% stake in satellite TV service DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the telecom operator. AT&T ( T ) in 2021 signed a joint-venture agreement with TPG, which contributed about $1.8 billion in cash in exchange...
Equinix signs $15 billion joint venture to build U.S. data center infrastructure
Equinix signs $15 billion joint venture to build U.S. data center infrastructure
Oct 1, 2024
(Reuters) - Data center firm Equinix ( EQIX ) is forming a joint venture with Singapore's sovereign wealth fund GIC and Canada Pension Plan Investment Board with goals to raise more than $15 billion in capital, the company said on Tuesday. Equinix ( EQIX ) and its partners will use the capital to expand the U.S. footprint of hyperscale data...
The Z-Axis Of Chaos: How Dutchie's New Tech Solves Cannabis Industry Pain Points—'People Know What Great Looks Like,' Says CEO Tim Barash
The Z-Axis Of Chaos: How Dutchie's New Tech Solves Cannabis Industry Pain Points—'People Know What Great Looks Like,' Says CEO Tim Barash
Oct 1, 2024
“People know what great looks like, and they want to get there as fast as they can,” says Tim Barash, CEO of Dutchie, in an exclusive interview with Benzinga Cannabis. With nearly two years at the helm of Dutchie, a leading cannabis tech platform, Barash reflects on the stark realities of working in the cannabis industry. It's a world unlike...
Copyright 2023-2026 - www.financetom.com All Rights Reserved