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 >
Cisco shows quantum networking chip, opens new lab 
Cisco shows quantum networking chip, opens new lab 
May 26, 2025
SAN FRANCISCO (Reuters) -Cisco Systems ( CSCO ) on Tuesday showed a prototype chip for networking quantum computers together and said it is opening a new lab in Santa Monica, California, to further pursue quantum computing. The chip uses some of the same technology as current networking chips and would help link together smaller quantum computers into larger systems. But...
Microsoft launches lower-priced AI laptops with Qualcomm chips
Microsoft launches lower-priced AI laptops with Qualcomm chips
May 26, 2025
SAN FRANCISCO (Reuters) -Microsoft ( MSFT ) on Tuesday said it will release a new laptop and tablet with chips from Qualcomm ( QCOM ) at lower prices than before, aiming to get new AI features to a broader set of customers. The newest Surface 13-inch laptop and Surface Pro 12-inch tablet will go on sale on May 20, with...
Cisco shows quantum networking chip, opens new lab 
Cisco shows quantum networking chip, opens new lab 
May 26, 2025
SAN FRANCISCO, May 6 (Reuters) - Cisco Systems ( CSCO ) on Tuesday showed a prototype chip for networking quantum computers together and said it is opening a new lab in Santa Monica, California, to further pursue quantum computing. The chip uses some of the same technology as current networking chips and would help link together smaller quantum computers into...
Microsoft launches lower-priced AI laptops with Qualcomm chips
Microsoft launches lower-priced AI laptops with Qualcomm chips
May 26, 2025
SAN FRANCISCO, May 6 (Reuters) - Microsoft ( MSFT ) on Tuesday said it will release a new laptop and tablet with chips from Qualcomm ( QCOM ) at lower prices than before, aiming to get new AI features to a broader set of customers. The newest Surface 13-inch laptop and Surface Pro 12-inch tablet will go on sale on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved