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 >
Grant Street Group to Modernize Property Tax Experience for the Nation’s Largest County
Grant Street Group to Modernize Property Tax Experience for the Nation’s Largest County
May 14, 2026
PITTSBURGH--(BUSINESS WIRE)-- Grant Street Group announced that Los Angeles County has selected the company’s cloud‑based TaxSys® platform to modernize and streamline the nation’s largest property tax operation. The project will introduce a more intuitive, accessible, and transparent tax experience for nearly 10 million residents, ensuring fast, accurate, and reliable access to property tax information and services. “TaxSys brings modern, citizen‑focused...
Former Amazon, Meta Scientists Unveil Graphon AI, the First Pre-Model Intelligence Layer, with $8.3M in Seed Funding
Former Amazon, Meta Scientists Unveil Graphon AI, the First Pre-Model Intelligence Layer, with $8.3M in Seed Funding
May 14, 2026
Graphon AI is building the first relational representation layer designed to capture real-world relationships and physics, enabling AI models and agents to reason natively over complex multimodal systems at enterprise scale. The company has secured $8.3M in seed funding led by Arvind Gupta of Novera Ventures, with participation from Perplexity Fund, Samsung Next, GS Futures, Hitachi Ventures, Gaia Ventures, B37...
NanoXplore Reports Q3 2026 Results: Full Earnings Call Transcript
NanoXplore Reports Q3 2026 Results: Full Earnings Call Transcript
May 14, 2026
NanoXplore ( NNXPF ) released third-quarter financial results and hosted an earnings call on Thursday. Read the complete transcript below. This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation. View the webcast at https://edge.media-server.com/mmc/p/7uqzfzsw Summary NanoXplore ( NNXPF ) reported $32.3 million in revenue, a 6% increase...
The Data-Ready Hospital: Europe's EHR Vendors Face the Data Valorisation Reality Check
The Data-Ready Hospital: Europe's EHR Vendors Face the Data Valorisation Reality Check
May 14, 2026
Black Book Research survey of 662 healthcare IT leaders across eight European EMR markets finds post-go-live data-value execution separates top-performing vendors from vendors that sell data transformation better than they deliver it in 2026 LONDON, UK / ACCESS Newswire / May 14, 2026 / Black Book Research today released findings from The Data-Ready Hospital: Europe's EHR Vendors Face the Data...
Copyright 2023-2026 - www.financetom.com All Rights Reserved