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 >
A Closer Look at 9 Analyst Recommendations For Zebra Technologies
A Closer Look at 9 Analyst Recommendations For Zebra Technologies
Dec 2, 2024
Zebra Technologies ( ZBRA ) has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish...
Demystifying Cloudflare: Insights From 7 Analyst Reviews
Demystifying Cloudflare: Insights From 7 Analyst Reviews
Dec 2, 2024
In the last three months, 7 analysts have published ratings on Cloudflare ( NET ) , offering a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective....
Insights Ahead: Okta's Quarterly Earnings
Insights Ahead: Okta's Quarterly Earnings
Dec 2, 2024
Okta ( OKTA ) is set to give its latest quarterly earnings report on Tuesday, 2024-12-03. Here's what investors need to know before the announcement. Analysts estimate that Okta ( OKTA ) will report an earnings per share (EPS) of $0.58. Anticipation surrounds Okta's ( OKTA ) announcement, with investors hoping to hear about both surpassing estimates and receiving positive...
Expert Outlook: Autodesk Through The Eyes Of 19 Analysts
Expert Outlook: Autodesk Through The Eyes Of 19 Analysts
Dec 2, 2024
Throughout the last three months, 19 analysts have evaluated Autodesk ( ADSK ) , offering a diverse set of opinions 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 Bearish Total Ratings...
Copyright 2023-2026 - www.financetom.com All Rights Reserved