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 >
Chipmaker AMD beats estimates for third-quarter revenue
Chipmaker AMD beats estimates for third-quarter revenue
Nov 3, 2024
Oct 29 (Reuters) - Advanced Micro Devices ( AMD ) beat analyst estimates for third-quarter revenue on Tuesday, betting on strong demand for its high-priced AI data center chips as businesses rush to adopt generative artificial intelligence technology. The company reported revenue of $6.82 billion for the third quarter, compared with analysts' average estimate of $6.71 billion, according to data...
End of day Ethereum price (ETHUSD) forecast update - 29-10-2024
End of day Ethereum price (ETHUSD) forecast update - 29-10-2024
Nov 3, 2024
Ethereum price (ETHUSD) shows additional positive trades to approach our first waited target at 2664.30$, and we suggest surpassing this level to achieve additional gains that reach 2768.10$, to keep the bullish trend valid and active for the upcoming period unless breaking 2600.05$ and holding below it. ...
Spark New Zealand mulls stake sale in mobile towers business
Spark New Zealand mulls stake sale in mobile towers business
Nov 3, 2024
Oct 30 (Reuters) - NZ-based telco Spark is considering divesting its stake in Connexa, a mobile tower business, the company said on Wednesday, at a time when media speculation has emerged that Ontario Teachers' Pension Plan (OTPP) is looking to offload its shareholding as well. OTPP, a pension fund based out of Canada, bought a 70% stake in the passive...
End of day Bitcoin price (BTCUSD) forecast update - 29-10-2024
End of day Bitcoin price (BTCUSD) forecast update - 29-10-2024
Nov 3, 2024
Bitcoin price (BTCUSD) rallies upwards strongly to approach 73000.00$ barrier, which supports the continuation of the expected bullish trend on the intraday and short term basis, reminding you that our waited targets located at 73360.00$ followed by 73818.00$, while achieving them requires holding above 70000.00$ barrier. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved