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 >
Ncino Stock: A Deep Dive Into Analyst Perspectives (11 Ratings)
Ncino Stock: A Deep Dive Into Analyst Perspectives (11 Ratings)
Sep 3, 2024
11 analysts have shared their evaluations of Ncino ( NCNO ) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings...
SenseTime Feels Revenue Growth Return On Shift To Generative AI
SenseTime Feels Revenue Growth Return On Shift To Generative AI
Sep 3, 2024
The release of OpenAI's ChatGPT in late 2022 sparked a global revolution in artificial intelligence (AI). Overnight, the term AI became synonymous with the generative form of the technology, representing a sudden shift away from the previous focus on computer vision, an area where China had been leading. With that shift, SenseTime ( SNTMF ) (OTC:SNTMF), once hailed as one of China's...
Beyond The Numbers: 4 Analysts Discuss Credo Technology Group Stock
Beyond The Numbers: 4 Analysts Discuss Credo Technology Group Stock
Sep 3, 2024
Ratings for Credo Technology Group ( CRDO ) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0...
US construction spending falls more than expected in July
US construction spending falls more than expected in July
Sep 3, 2024
WASHINGTON, Sept 3 (Reuters) - U.S. construction spending fell more than expected in July as higher mortgages and increased supply weighed on single-family homebuilding. The Commerce Department's Census Bureau said on Tuesday that construction spending dropped 0.3% after being unchanged in June. Economists polled by Reuters had forecast construction spending dipping 0.1%. Construction spending increased 6.7% year-on-year in July. Spending...
Copyright 2023-2026 - www.financetom.com All Rights Reserved