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 >
Noble Mobile, the Carrier That Pays You to Use Your Phone Less, Launches With $10 Million in Funding
Noble Mobile, the Carrier That Pays You to Use Your Phone Less, Launches With $10 Million in Funding
Sep 16, 2025
Noble Mobile is launching with its initial mobile offering, which incentivizes users to improve their mental wellness, having raised $10 million in seed funding from backers like Andrew Yang, Scott Galloway and Corazon Capital. NEW YORK--(BUSINESS WIRE)-- Today, Noble Mobile launches with a bold mission: to empower people to use their phones less and get rewarded for it. Noble...
Dispersive Announces Integration with the CrowdStrike Falcon Platform
Dispersive Announces Integration with the CrowdStrike Falcon Platform
Sep 16, 2025
LAS VEGAS--(BUSINESS WIRE)-- Fal.Con 2025 – Dispersive Holdings, Inc. (Dispersive®), the leader in stealth networking for secure and resilient communications, today at Fal.Con 2025 announced a new integration with the AI-native CrowdStrike Falcon® platform. The joint solution unifies endpoint, identity, and network context to help customers contain threats faster, strengthen zero trust security, and reduce complexity. The Dispersive Continuous Trust...
ACT Demonstrates Breakthrough in High-Power Direct-to-Chip Liquid Cooling Technology
ACT Demonstrates Breakthrough in High-Power Direct-to-Chip Liquid Cooling Technology
Sep 16, 2025
Technology sets new benchmarks for cooling next-generation AI and high-performance computing systems. LANCASTER, Pa., Sept. 16, 2025 /PRNewswire/ -- Advanced Cooling Technologies, Inc. (ACT), a leader in innovative thermal management solutions, has successfully demonstrated a major advancement in two-phase direct-to-chip liquid cooling. The company's latest cold plate technology is designed to meet the extreme thermal demands of next-generation high-performance computing...
Gogoro Announces Director Undertaking to Procure Equity Investments
Gogoro Announces Director Undertaking to Procure Equity Investments
Sep 16, 2025
TAIPEI, Sept. 16, 2025 /PRNewswire/ -- Gogoro Inc. ( GGR ) , a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that, at the request of the Company, Mr. Yin Chung Yao (Mr. Yin), a director of the Company and an affiliate of the Company's largest shareholder, agreed to issue an undertaking...
Copyright 2023-2026 - www.financetom.com All Rights Reserved