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 >
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
Apr 19, 2024
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to bearish bias, with a recent close below the 0.8240 resistance line, influenced by additional negativity from the MA55 settling below the major resistance. The chart indicates a movement towards 0.8085, with expectations of testing the additional support at 0.8060. A breakthrough at this level would likely resume...
Platinum price fluctuates below the barrier – Forecast today – 19-4-2024
Platinum price fluctuates below the barrier – Forecast today – 19-4-2024
Apr 19, 2024
Platinum Price Analysis Expected Scenario The platinum price remains influenced by the $950.00 level, acting as an intraday barrier against bullish momentum. Sideways fluctuation near the $945.00 level indicates a reluctance to resume bullish bias, suggesting a surrender to correctional bearish pressure. There is a possibility of forming new negative waves, potentially targeting the MA55 support around $920.00. However, breaching...
Natural gas price is weak – Forecast today – 19-4-2024
Natural gas price is weak – Forecast today – 19-4-2024
Apr 19, 2024
Natural Gas Price Analysis Expected Scenario Despite intraday stochastic positivity, natural gas price remains negatively stable below the $2.000 barrier, signaling readiness to initiate new negative waves in the near and medium-term. New negative momentum is required to facilitate targeting the major support at $1.540. Breaching this support would likely lead to further decline towards the next negative stations at...
Copper price renews the positive action – Forecast today – 19-4-2024
Copper price renews the positive action – Forecast today – 19-4-2024
Apr 19, 2024
Copper Price Analysis Expected Scenario The copper price has successfully overcome temporary negative pressures, consolidating above the $4.1500 support level. Renewed positive action is observed, exerting strong pressure on the $4.4200 resistance level. Expected Outcome This positive momentum, supported by stochastic indicators, enhances the likelihood of breaching the current resistance level and potentially achieving further gains towards $4.6000 and $4.7800....
Copyright 2023-2026 - www.financetom.com All Rights Reserved