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 >
SurgePays Reports 23% Month-Over-Month Growth in Smartphone Rent-to-Own Program, Reaching $176,000 in July Retail Sales
SurgePays Reports 23% Month-Over-Month Growth in Smartphone Rent-to-Own Program, Reaching $176,000 in July Retail Sales
Aug 11, 2026
BARTLETT, Tenn., Aug. 11, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. ( SURG ) (SurgePays or the Company), a wireless and fintech company connecting subprime and underserved consumers to essential mobile and financial services, today announced continued growth in its smartphone rent-to-own program with All Prepaid, LLC, dba LowWeeklyPayments (LWP). Retailer sales through the program reached approximately $176,000 in July, representing...
OSI Systems Receives Orders of $10 Million for Electronic Sub-Assemblies
OSI Systems Receives Orders of $10 Million for Electronic Sub-Assemblies
Aug 11, 2026
HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. ( OSIS ) today announced that its Optoelectronics and Manufacturing division (Opto) has received orders valued at more than $10 million in aggregate from a leading IT provider for critical electronic sub-assemblies to be utilized in remote networking hardware. OSI Systems' ( OSIS ) President and Chief Executive Officer, Ajay Mehra, commented, Demand for...
MHC and BlueCrest Partner to Modernize Legacy Print and Mail Communications
MHC and BlueCrest Partner to Modernize Legacy Print and Mail Communications
Aug 11, 2026
Partnership brings MHC's AI-powered NorthStar CCM platform to BlueCrest customers, enabling omnichannel engagement and digital transformation MINNEAPOLIS, Aug. 11, 2026 /PRNewswire/ -- MHC, a global provider of AI-powered SaaS solutions for document, communication and payment automation, today announced a strategic partnership with BlueCrest, a global provider of automated technology solutions for print, mail, and customer communications. Through this partnership, BlueCrest...
AZIO AI Holdings Inc. Builds Integrated Infrastructure Platform that Spans Key Layers of AI Compute, Energy Sector
AZIO AI Holdings Inc. Builds Integrated Infrastructure Platform that Spans Key Layers of AI Compute, Energy Sector
Aug 11, 2026
NEW YORK, Aug. 11, 2026 (GLOBE NEWSWIRE) -- via AINewsWire -- AZIO AI Holdings Inc. today announces its placement in an editorial published by AINewsWire (“AINW”), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. To view the full publication,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved