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 >
Onsemi to cut 1,000 jobs globally
Onsemi to cut 1,000 jobs globally
Jun 13, 2024
June 13 (Reuters) - Onsemi said on Thursday it would cut its global workforce by about 1,000 employees, as the chipmaker looks to streamline its operations and reduce costs. The company has been struggling with a sluggish recovery in demand for chips in the face of a weak electric vehicles market and excess inventory at its customers. Onsemi would also...
Microsoft to delay release of Recall AI feature on security concerns
Microsoft to delay release of Recall AI feature on security concerns
Jun 13, 2024
June 13 (Reuters) - Microsoft ( MSFT ) will not roll out Recall, an AI-powered feature that tracks computer usage, with its new computers next week and will instead preview it with a smaller group later, the tech giant said on Thursday, amid concerns of privacy risks. The Recall feature tracks web browsing to voice chats, creating a history stored...
Brazil's TIM may benefit from Telecom Italia's network sale
Brazil's TIM may benefit from Telecom Italia's network sale
Jun 13, 2024
RIO DE JANEIRO (Reuters) - The chief executive of TIM Brasil, Alberto Griselli, said on Thursday that its parent company Telecom Italia's agreement to sell its physical network could provide an additional boost for its business in Brazil. Brazil is the group's priority; the crown jewel, he told Reuters on the outskirts of an innovation and technology event in Rio de...
Soybean price gets negative motive – Forecast today - 14-06-2024
Soybean price gets negative motive – Forecast today - 14-06-2024
Jun 13, 2024
Soybean Price Analysis Expected Scenario Soybean price showed temporary rise yesterday to test the EMA50, noticing that stochastic lost its positive momentum and begins to overlap negatively now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1131.40$ as a next station. On the other hand, we should note that breaching 1167.00$...
Copyright 2023-2026 - www.financetom.com All Rights Reserved