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 >
Expert Outlook: CrowdStrike Holdings Through The Eyes Of 48 Analysts
Expert Outlook: CrowdStrike Holdings Through The Eyes Of 48 Analysts
Sep 5, 2024
In the last three months, 48 analysts have published ratings on CrowdStrike Holdings ( CRWD ) , offering a diverse range of perspectives from bullish to bearish. 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...
Comparative Study: Broadcom And Industry Competitors In Semiconductors & Semiconductor Equipment Industry
Comparative Study: Broadcom And Industry Competitors In Semiconductors & Semiconductor Equipment Industry
Sep 5, 2024
In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Broadcom ( AVGO ) in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is...
Russian firms bought spare parts for 25-year-old ASML machines, says newspaper Trouw
Russian firms bought spare parts for 25-year-old ASML machines, says newspaper Trouw
Sep 5, 2024
AMSTERDAM (Reuters) - Russian firms were able to obtain spare parts for 25-year-old ASML chipmaking machines in 2022 to 2023 on secondary markets despite European Union sanctions, Dutch newspaper Trouw reported on Thursday, citing Russian customs documents. ASML, Europe's largest technology firm, dominates the market for advanced lithography systems, which use light beams to help create the circuitry of chips....
China urges US to 'immediately' lift all tariffs on Chinese goods
China urges US to 'immediately' lift all tariffs on Chinese goods
Sep 5, 2024
BEIJING (Reuters) - The United States should immediately lift all tariffs on Chinese goods, the Chinese commerce ministry said on Thursday, ahead of an announcement by the Biden administration on expected hikes in levies on Chinese-made items, including electric vehicles. The U.S. is expected to make its final determination in the coming days after delaying a decision twice, as it...
Copyright 2023-2026 - www.financetom.com All Rights Reserved