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 >
In-Depth Examination Of 17 Analyst Recommendations For Zeta Global Holdings
In-Depth Examination Of 17 Analyst Recommendations For Zeta Global Holdings
Aug 22, 2024
In the preceding three months, 17 analysts have released ratings for Zeta Global Holdings ( ZETA ) , presenting a wide array of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
Lingo Telecom agrees to $1 million fine over AI-generated Biden robocalls
Lingo Telecom agrees to $1 million fine over AI-generated Biden robocalls
Aug 22, 2024
(Reuters) - Lingo Telecom agreed to pay a $1 million fine after the agency said it transmitted fake robocalls imitating President Joe Biden seeking to dissuade people from voting for him in New Hampshire's Democratic primary election, a U.S. government regulator said on Wednesday. The Federal Communications Commission said Lingo transmitted spoofed robocalls that used generative artificial intelligence voice-cloning technology...
Market Whales and Their Recent Bets on NOW Options
Market Whales and Their Recent Bets on NOW Options
Aug 22, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on ServiceNow ( NOW ). Looking at options history for ServiceNow ( NOW ) we detected 13 trades. If we consider the specifics of each trade, it is accurate to state that 69% of the investors opened trades with bullish expectations and 23% with bearish. From...
Applied Mat's Options: A Look at What the Big Money is Thinking
Applied Mat's Options: A Look at What the Big Money is Thinking
Aug 22, 2024
High-rolling investors have positioned themselves bullish on Applied Mat , and it's important for retail traders to take note. This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AMAT often signals that someone has privileged information. Today, Benzinga's options scanner spotted...
Copyright 2023-2026 - www.financetom.com All Rights Reserved