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 >
ProStar Holdings Adds to Its List Of Enterprise Customers For Its Mapping Software
ProStar Holdings Adds to Its List Of Enterprise Customers For Its Mapping Software
Jan 22, 2025
11:10 AM EST, 01/22/2025 (MT Newswires) -- ProStar Holdings ( MAPPF ) on Wednesday said one the largest private construction management companies in the U.S. has adopted ProStar's ( MAPPF ) PointMan solution, an underground utility mapping software. The customer selected the software solution to better manage critical infrastructure assets for an initial project in central Florida. This is the...
Market Whales and Their Recent Bets on ON Semiconductor Options
Market Whales and Their Recent Bets on ON Semiconductor Options
Jan 22, 2025
Whales with a lot of money to spend have taken a noticeably bullish stance on ON Semiconductor. Looking at options history for ON Semiconductor we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 25% with bearish. From the overall spotted trades,...
The Taxman Is Watching: Staying Ahead of the New Rules
The Taxman Is Watching: Staying Ahead of the New Rules
Jan 22, 2025
Tax. The word may make you cringe, but it's also one you probably don’t want to ignore. Bitcoin (BTC) hit $100,000 for the first time in December 2024, and while you’ve probably had your fair share of “I told you so” moments with the crypto skeptics over the holidays, now is the time to make sure you’re clued in on...
IBM's Options: A Look at What the Big Money is Thinking
IBM's Options: A Look at What the Big Money is Thinking
Jan 22, 2025
Whales with a lot of money to spend have taken a noticeably bearish stance on IBM ( IBM ). Looking at options history for IBM ( IBM ) we detected 13 trades. If we consider the specifics of each trade, it is accurate to state that 15% of the investors opened trades with bullish expectations and 69% with bearish. From...
Copyright 2023-2026 - www.financetom.com All Rights Reserved