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 >
Chip tech provider Arm looks to design own processors in major shift
Chip tech provider Arm looks to design own processors in major shift
Jul 30, 2025
July 30 (Reuters) - Arm Holdings is investing in developing its own chips, CEO Rene Haas said on Wednesday, marking a major shift to its model of licensing its blueprints to other companies. We are consciously deciding to invest more heavily - is the possibility of going beyond (designs) and building something, building chiplets or even possible solutions, Haas said...
Microsoft tops quarterly revenue estimates on strong Azure demand
Microsoft tops quarterly revenue estimates on strong Azure demand
Jul 30, 2025
July 30 (Reuters) - Microsoft ( MSFT ) surpassed Wall Street estimates for quarterly revenue on Wednesday as strong demand from businesses for artificial intelligence tools drove steady growth in its Azure cloud-computing unit. Total revenue rose 18% to $76.4 billion in the April-June period, the company's fiscal fourth quarter. Analysts on average expected $73.81 billion, according to data compiled...
Qualcomm forecasts revenue above estimates, betting on AI use to drive chip demand
Qualcomm forecasts revenue above estimates, betting on AI use to drive chip demand
Jul 30, 2025
(Reuters) -Qualcomm ( QCOM ) projected current-quarter sales above Wall Street expectations on Wednesday, wagering that growing AI capabilities in consumer devices will boost demand for its semiconductors despite ongoing global trade uncertainties. The San Diego-based company is the world's largest supplier of modem chips that enable smartphones to connect to wireless data networks.  A major strategic concern for Qualcomm...
Qualcomm forecasts revenue above estimates, betting on AI use to drive chip demand
Qualcomm forecasts revenue above estimates, betting on AI use to drive chip demand
Jul 30, 2025
July 30 (Reuters) - Qualcomm ( QCOM ) projected current-quarter sales above Wall Street expectations on Wednesday, wagering that growing AI capabilities in consumer devices will boost demand for its semiconductors despite ongoing global trade uncertainties. The San Diego-based company is the world's largest supplier of modem chips that enable smartphones to connect to wireless data networks. It forecast revenue...
Copyright 2023-2026 - www.financetom.com All Rights Reserved