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 >
A Glimpse Into The Expert Outlook On Credo Technology Group Through 9 Analysts
A Glimpse Into The Expert Outlook On Credo Technology Group Through 9 Analysts
Apr 3, 2025
Ratings for Credo Technology Group ( CRDO ) were provided by 9 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. 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 Bearish...
This Is What Whales Are Betting On NVIDIA
This Is What Whales Are Betting On NVIDIA
Apr 4, 2025
Deep-pocketed investors have adopted a bullish approach towards NVIDIA ( NVDA ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NVDA usually suggests something big is about to happen. We gleaned this information from...
Where Five9 Stands With Analysts
Where Five9 Stands With Analysts
Apr 4, 2025
Analysts' ratings for Five9 ( FIVN ) over the last quarter vary from bullish to bearish, as provided by 12 analysts. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 5 0 0 0 Last 30D...
Asian Equities Traded in the US as American Depositary Receipts Plummet in Friday Trading
Asian Equities Traded in the US as American Depositary Receipts Plummet in Friday Trading
Apr 4, 2025
10:48 AM EDT, 04/04/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were cratering Friday morning, tumbling 7.9% to 1,897.4 on the S&P Asia 50 ADR Index, which is down nearly 10% for the week. From North Asia, the sole gainer was fintech firm Pintec Technology ( PT ) , which was up 2%. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved