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 >
Swisscom to buy Vodafone Italia in 8-billion-euro deal
Swisscom to buy Vodafone Italia in 8-billion-euro deal
Mar 14, 2024
(Reuters) -Swisscom said on Friday it will buy Vodafone Italia for 8 billion euros ($8.70 billion)to merge the business with its Italian subsidiary Fastweb. The deal will create Italy's second-biggest fixed-line broadband operator behind TIM, with a strong presence in the prized business segment, and a leading player in mobile. The transaction consideration will be 100% cash and will be...
Smartsheet revenue outlook misses estimates, stock sinks
Smartsheet revenue outlook misses estimates, stock sinks
Mar 14, 2024
(Reuters) - Smartsheet ( SMAR ) on Thursday provided a revenue outlook that missed analyst estimates, sending its stock down 10%, even after the cloud software seller's quarterly revenue exceeded estimates. WHY IT'S IMPORTANT Smartsheet's ( SMAR ) quarterly results provide fresh evidence of tepid spending on cloud software following recent weak forecasts from Salesforce ( CRM ) and Snowflake....
Where UiPath Stands With Analysts
Where UiPath Stands With Analysts
Mar 15, 2024
Analysts' ratings for UiPath ( PATH ) over the last quarter vary from bullish to bearish, as provided by 14 analysts. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 10 0 0...
Honda And Nissan Forge Alliance To Boost Electric Car Tech
Honda And Nissan Forge Alliance To Boost Electric Car Tech
Mar 15, 2024
Nissan Motor Co., Ltd ( NSANF ) and Honda Motor Co., Ltd ( HMC ) have entered into a memorandum of understanding for a strategic partnership in vehicle electrification and intelligence. The scope of the feasibility study includes automotive software platforms, core components related to EVs, and complementary products. The companies will channelize their efforts to strengthen environmental and electrification...
Copyright 2023-2026 - www.financetom.com All Rights Reserved