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 >
Huawei Builds Largest Research Center In Shanghai: Report
Huawei Builds Largest Research Center In Shanghai: Report
Jul 16, 2024
Huawei Technologies Co. is reportedly nearing the completion of a major chip research and development center in Shanghai, signaling a significant boost to China’s technological ambitions despite ongoing U.S. efforts to curb its rise. The center aims to achieve breakthroughs in semiconductors for devices, wireless networks, and the Internet of Things, reported Bloomberg. This new facility, located in the Qingpu...
Former Yandex chief Volozh returns with AI infrastructure venture after Russia split
Former Yandex chief Volozh returns with AI infrastructure venture after Russia split
Jul 16, 2024
(Reuters) - Freed from its ties to Russia, newly unveiled Dutch firm Nebius hopes to help lead the great drive to build the infrastructure underpinning artificial intelligence, founder Arkady Volozh, who previously set up Russian tech giant Yandex ( YNDX ), told Reuters. A Russian consortium of buyers on Monday finalised a $5.4-billion cash and shares deal to acquire Yandex's...
Polygon's New ZK Proving System, 'Plonky3,' Comes as Open-Source Toolkit
Polygon's New ZK Proving System, 'Plonky3,' Comes as Open-Source Toolkit
Jul 16, 2024
Polygon Labs, the main developer firm behind the layer-2 blockchain Polygon, released on Tuesday the latest version of its zero-knowledge proving system, “Plonky3” – designed to be more flexible than the previous model. A proving system is at the heart of zero-knowledge rollups, and a crucial component in the cryptographic security of distributed networks with multiple layers. It is the...
A Glimpse Into The Expert Outlook On Palantir Technologies Through 9 Analysts
A Glimpse Into The Expert Outlook On Palantir Technologies Through 9 Analysts
Jul 16, 2024
In the latest quarter, 9 analysts provided ratings for Palantir Technologies ( PLTR ) , showcasing a mix of bullish and bearish perspectives. 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 Bearish Total Ratings 1...
Copyright 2023-2026 - www.financetom.com All Rights Reserved