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 >
Analyst Expectations For MongoDB's Future
Analyst Expectations For MongoDB's Future
Mar 31, 2025
In the last three months, 25 analysts have published ratings on MongoDB ( MDB ) , offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish...
Forecasting The Future: 24 Analyst Projections For Confluent
Forecasting The Future: 24 Analyst Projections For Confluent
Mar 31, 2025
Analysts' ratings for Confluent over the last quarter vary from bullish to bearish, as provided by 24 analysts. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
A Glimpse Into The Expert Outlook On GitLab Through 13 Analysts
A Glimpse Into The Expert Outlook On GitLab Through 13 Analysts
Mar 31, 2025
Across the recent three months, 13 analysts have shared their insights on GitLab ( GTLB ) , expressing a variety of opinions spanning from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish...
Temporal Technologies raises $146 million at $1.7 billion valuation
Temporal Technologies raises $146 million at $1.7 billion valuation
Mar 31, 2025
March 31 (Reuters) - Temporal Technologies said on Monday it has raised $146 million in a fresh funding round led by investment firm Tiger Global, valuing the software firm at $1.72 billion. The new capital will go into product development for Temporal Cloud and the company said it will continue to invest in research and development for artificial intelligence use....
Copyright 2023-2026 - www.financetom.com All Rights Reserved