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-China exempts some US imports from tariffs
Factbox-China exempts some US imports from tariffs
May 26, 2025
(Reuters) -China has granted tariff exemptions on select pharmaceuticals, microchips and aircraft engines from its 125% retaliatory tariffs on U.S. goods imposed after President Donald Trump unleashed his tariffs in April. It has created a so-called whitelist of U.S.-made products that would be exempted from its tariffs, two people familiar with the matter told Reuters, and some companies have said...
Salvage to begin in Italy this month for Lynch's yacht after fatal sinking
Salvage to begin in Italy this month for Lynch's yacht after fatal sinking
May 26, 2025
PORTICELLO, Italy (Reuters) -The recovery of British tech tycoon Mike Lynch's superyacht from the waters off the coast of northern Sicily is expected to begin within the next two weeks to help shed light on how a supposedly unsinkable vessel disappeared into the sea last August. The 56-metre-long (184-foot) Bayesian, with its majestic single 72-metre mast, was moored off the...
Factbox-China exempts some US imports from tariffs
Factbox-China exempts some US imports from tariffs
May 26, 2025
(Reuters) -China has granted tariff exemptions on select pharmaceuticals, microchips and aircraft engines from its 125% retaliatory tariffs on U.S. goods imposed after President Donald Trump unleashed his tariffs in April. It has created a so-called whitelist of U.S.-made products that would be exempted from its tariffs, two people familiar with the matter told Reuters, and some companies have said...
Chipmaker SMIC reports 161% surge in first quarter profit
Chipmaker SMIC reports 161% surge in first quarter profit
May 26, 2025
BEIJING (Reuters) -Semiconductor Manufacturing International Corp,China's largest contract chip maker, reported on Thursday a 161.9% year-on-year surge in first-quarter profit. Profit attributable to owners of SMIC reached $188 million in the March quarter, but missed analysts' estimate of $222.4 million, according to LSEG data. Revenue rose 28.4% to $2.2 billion, compared to market expectations of $2.3 billion, according to LSEG....
Copyright 2023-2026 - www.financetom.com All Rights Reserved