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 >
Performance Comparison: Super Micro Computer And Competitors In Technology Hardware, Storage & Peripherals Industry
Performance Comparison: Super Micro Computer And Competitors In Technology Hardware, Storage & Peripherals Industry
Jun 14, 2024
In today's rapidly evolving and fiercely competitive business landscape, it is crucial for investors and industry analysts to conduct comprehensive company evaluations. In this article, we will undertake an in-depth industry comparison, assessing Super Micro Computer ( SMCI ) alongside its primary competitors in the Technology Hardware, Storage & Peripherals industry. By meticulously examining crucial financial indicators, market positioning, and...
Exploring The Competitive Space: Taiwan Semiconductor Versus Industry Peers In Semiconductors & Semiconductor Equipment
Exploring The Competitive Space: Taiwan Semiconductor Versus Industry Peers In Semiconductors & Semiconductor Equipment
Jun 14, 2024
Amidst the fast-paced and highly competitive business environment of today, conducting comprehensive company analysis is essential for investors and industry enthusiasts. In this article, we will delve into an extensive industry comparison, evaluating Taiwan Semiconductor in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing critical financial metrics, market position, and growth potential, our objective...
Intel's Options: A Look at What the Big Money is Thinking
Intel's Options: A Look at What the Big Money is Thinking
Jun 14, 2024
Investors with a lot of money to spend have taken a bearish stance on Intel ( INTC ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big...
Evaluating Belden: Insights From 4 Financial Analysts
Evaluating Belden: Insights From 4 Financial Analysts
Jun 14, 2024
Across the recent three months, 4 analysts have shared their insights on Belden , expressing a variety of opinions spanning 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 perspective. Bullish Somewhat...
Copyright 2023-2026 - www.financetom.com All Rights Reserved