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 >
Study Reveals 62% of Manufacturers Believe Tariffs and Trade Barriers Threaten Quality
Study Reveals 62% of Manufacturers Believe Tariffs and Trade Barriers Threaten Quality
May 19, 2026
CAMBRIDGE, Mass., May 19, 2026 (GLOBE NEWSWIRE) -- Lumafield, a leading manufacturing intelligence platform, today released the results of its comprehensive Cost of Quality Report. In partnership with NewtonX, Lumafield surveyed quality leaders across the U.S. and Canada and found that shifting global trade policies and the escalating affordability crisis are forcing manufacturers to confront the Cost of Quality (COQ)...
OSC Technical Solutions Strengthens Critical Infrastructure & Operational Technology Cybersecurity Capabilities with James Cervini, EngD
OSC Technical Solutions Strengthens Critical Infrastructure & Operational Technology Cybersecurity Capabilities with James Cervini, EngD
May 19, 2026
ANCHORAGE, Alaska--(BUSINESS WIRE)-- OSC Technical Solutions (OSC-TS), a mission-focused technology and cyber engineering firm within OSC Global and the CIRI family of companies, has expanded its industrial control systems and critical infrastructure cybersecurity expertise with the addition of James Cervini, EngD, as Director & Principal Architect, Operational Technology Cybersecurity. Headquartered in Washington’s Tri-Cities region, OSC-TS delivers IT modernization, cybersecurity operations...
Thalo Labs Raises Investment From Suffolk Technologies to Put AI in the Hands of HVAC Technicians
Thalo Labs Raises Investment From Suffolk Technologies to Put AI in the Hands of HVAC Technicians
May 19, 2026
Thalo Labs’ hardware + AI platform helps HVAC contractors get every install right, catch failures before customers call, and deliver more profitable, proactive service. NEW YORK--(BUSINESS WIRE)-- Thalo Labs today announced an investment from Suffolk Technologies, the venture capital affiliate of Suffolk Construction, and a strategic partnership with the company. Thalo Labs is an AI-powered platform delivering real-time diagnostics and...
Neon One Wins Silver Stevie® Award for Transforming Nonprofit Customer Support
Neon One Wins Silver Stevie® Award for Transforming Nonprofit Customer Support
May 19, 2026
Recognition follows major investment in faster, more accessible support for nonprofits of every size CHICAGO--(BUSINESS WIRE)-- Neon One, the Nonprofit Relationship Management Platform, today announced it won a Silver Stevie® Award in the Customer Support Team of the Year category in the 2026 American Business Awards®. The recognition follows a year-long transformation of Neon One’s Customer Support and Enablement...
Copyright 2023-2026 - www.financetom.com All Rights Reserved