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 >
The Analyst Verdict: Smartsheet In The Eyes Of 26 Experts
The Analyst Verdict: Smartsheet In The Eyes Of 26 Experts
Nov 3, 2024
Across the recent three months, 26 analysts have shared their insights on Smartsheet ( SMAR ) , expressing a variety of opinions spanning from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 8...
Huawei's Q3 China smartphone sales soar, Apple slips
Huawei's Q3 China smartphone sales soar, Apple slips
Nov 3, 2024
BEIJING (Reuters) - Apple's iPhone sales in China in the third quarter of 2024 fell 0.3%, while Huawei surged 42%, data from research firm IDC showed on Friday. Overall, smartphone shipments rose 3.2% to 68.78 million units in China. ...
Deep Dive Into Tyler Technologies Stock: Analyst Perspectives (5 Ratings)
Deep Dive Into Tyler Technologies Stock: Analyst Perspectives (5 Ratings)
Nov 3, 2024
In the preceding three months, 5 analysts have released ratings for Tyler Technologies ( TYL ) , presenting a wide array of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish...
What's The Best Weed Product For You? Virtual Budtender Has The Answer
What's The Best Weed Product For You? Virtual Budtender Has The Answer
Nov 3, 2024
Consumer-focused cannabis software platform Jointly launched its new AI-powered Virtual Budtender – a new interactive service that allows retailers to offer personalized guidance 24/7 while helping consumers make data-backed decisions when shopping for marijuana products. “With every reflection a user logs, our recommendations get better,” stated David Kooi, CEO of Jointly. “This is a living, breathing database that grows with...
Copyright 2023-2026 - www.financetom.com All Rights Reserved