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 >
Salvage to begin in Italy for Lynch's yacht after fatal sinking
Salvage to begin in Italy for Lynch's yacht after fatal sinking
May 26, 2025
PORTICELLO, Italy(Reuters) - The recovery of British tech tycoon Mike Lynch's superyacht from the waters of northern Sicily is expected to begin in the coming weeks to help shed light on how a supposedly unsinkable vessel disappeared into the sea last August. The 56-metre-long (184-foot) Bayesian, with its majestic single 72-metre mast, was moored off the small port of Porticello...
A Glimpse of Cleanspark's Earnings Potential
A Glimpse of Cleanspark's Earnings Potential
May 26, 2025
Cleanspark ( CLSK ) will release its quarterly earnings report on Thursday, 2025-05-08. Here's a brief overview for investors ahead of the announcement. Analysts anticipate Cleanspark ( CLSK ) to report an earnings per share (EPS) of $0.07. The announcement from Cleanspark ( CLSK ) is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the...
Market Analysis: Microsoft And Competitors In Software Industry
Market Analysis: Microsoft And Competitors In Software Industry
May 26, 2025
In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing Microsoft ( MSFT ) alongside its primary competitors in the Software industry. By meticulously examining key financial metrics, market positioning, and growth prospects, we aim to...
Earnings Outlook For Globalstar
Earnings Outlook For Globalstar
May 26, 2025
Globalstar ( GSAT ) will release its quarterly earnings report on Thursday, 2025-05-08. Here's a brief overview for investors ahead of the announcement. Analysts anticipate Globalstar ( GSAT ) to report an earnings per share (EPS) of $-0.07. The announcement from Globalstar ( GSAT ) is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved