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 >
Investigating NVIDIA's Standing In Semiconductors & Semiconductor Equipment Industry Compared To Competitors
Investigating NVIDIA's Standing In Semiconductors & Semiconductor Equipment Industry Compared To Competitors
Sep 13, 2024
In the dynamic and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating NVIDIA ( NVDA ) and its primary competitors in the Semiconductors & Semiconductor Equipment industry. By closely examining key financial metrics, market position, and growth prospects, our aim is to...
The Analyst Verdict: Tyler Technologies In The Eyes Of 15 Experts
The Analyst Verdict: Tyler Technologies In The Eyes Of 15 Experts
Sep 13, 2024
Across the recent three months, 15 analysts have shared their insights on Tyler Technologies ( TYL ) , expressing a variety of opinions spanning from bullish to bearish. 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...
U.S. manufacturing ETFs win assets as investors bet on 'reshoring'
U.S. manufacturing ETFs win assets as investors bet on 'reshoring'
Sep 13, 2024
Sept 13 (Reuters) - Investors are piling into exchange traded funds focused on companies that are reviving or expanding production in the U.S. and taking advantage of government subsidies. Some $2.25 billion has flowed into a small group of ETFs highlighting the so-called reshoring theme this year, bringing their total assets to a record $9.67 billion by the end of...
This Is What Whales Are Betting On Taiwan Semiconductor
This Is What Whales Are Betting On Taiwan Semiconductor
Sep 13, 2024
Deep-pocketed investors have adopted a bullish approach towards Taiwan Semiconductor , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TSM usually suggests something big is about to happen. We gleaned this information from our observations...
Copyright 2023-2026 - www.financetom.com All Rights Reserved