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 >
What 8 Analyst Ratings Have To Say About F5
What 8 Analyst Ratings Have To Say About F5
Jul 31, 2025
8 analysts have shared their evaluations of F5 during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 7 0 0...
AI startup Anaconda valued at $1.5 billion in Series C funding
AI startup Anaconda valued at $1.5 billion in Series C funding
Jul 31, 2025
July 31 (Reuters) - Anaconda, a provider of open-source Python software for data science and AI, has raised more than $150 million in a Series C funding round, valuing the startup at about $1.5 billion. The round was led by Insight Partners, with additional participation from Abu Dhabi's Mubadala Capital. The company said on Thursday the fresh capital will support...
US Army pools contracts into up to $10 billion Palantir deal
US Army pools contracts into up to $10 billion Palantir deal
Jul 31, 2025
(Reuters) -The U.S. Army on Thursday said it was consolidating dozens of contracts into a single enterprise deal with Palantir, giving it volume-based discounts and the option to purchase up to $10 billion from the software provider over 10 years. The deal does not commit the Army to any new purchases, it said in a press release. The Army said...
US Army pools contracts into up to $10 billion Palantir deal
US Army pools contracts into up to $10 billion Palantir deal
Jul 31, 2025
July 31 (Reuters) - The U.S. Army on Thursday said it was consolidating dozens of contracts into a single enterprise deal with Palantir ( PLTR ), giving it volume-based discounts and the option to purchase up to $10 billion from the software provider over 10 years. The deal does not commit the Army to any new purchases, it said in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved