Definition of Gambling Contract . Home. Law Dictionary. Advertisement. Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary. Gambling contract. Ballentine's Law Dictionary. Definition: One wherein the parties stake their property or money on an event which in its nature may or may not happen and whereby one is to 1.a contract whose performance by one party is contingent on the outcome of a bet; unenforceable by statute in most jurisdictions Familiarity information: GAMBLING CONTRACTused as a noun is very rare. trade), immoral (the only use of the subject matter is to violate the law), or if it violates a statute (such as a gambling contract or a usurious contract.) 2 (C) Offer. An offer is a statement that creates a power of acceptance in the offeree. It does not have to be in a certain form. However, to be valid, an offer must be communicated to the offeree, it must express an intent of willingness It is an offence, under section 42 of the Gambling Act, to cheat at gambling or do anything for the purpose of enabling or assisting another person to cheat at gambling. A gambler can be considered to be committing an offence of cheating even if they do not win anything or improve their chances of winning anything by engaging in the activity. The act or practice of gambling; an agreement between two or more individuals to play collectively at a game of chance for a stake or wager, which will become the property of the winner and to which all involved make a contribution. Since the early 1990s, gaming laws have been in a constant state of flux. Category Country Jurisdiction Industry Company Person Law Firm Filing ID SEC Filing Type SEC Exhibit ID. Search Contracts. Clauses. Browse A-Z. Search Clauses. Dictionary. Browse A-Z. Search Dictionary. Resources. Contract Teardown Drafting Featured Webinars. About Pricing. History. Sign In. Sign Up. Home. Dictionary. Gambling-related contract. Definition of gambling-related contract. Search Noun. 1. gambling contract - a contract whose performance by one party is contingent on the outcome of a bet; unenforceable by statute in most jurisdictions. contract - a binding agreement between two or more persons that is enforceable by law. Gaming Contract. A contract in which participants agree to play a game of chance. For example, if two friends make a bet on who will win the World Series, they have entered a gaming contract and the loser is obliged to pay the winner the agreed-upon amount. However, a gaming contract may not be enforceable in a jurisdiction where gambling is A gambling contract is an agreement to engage in a gamble. In a gambling contract two parties wager something, especially money, for a chance to win a prize or an amount. Contracts related to legal gambling activities become enforceable only where gambling is legal. A gambling contract is otherwise known as a gaming contract. Gambling Law and Legal Definition. A person engages in gambling if he stakes or risks something of value upon the outcome of a contest of chance or a future contingent event not under his control or influence, upon an agreement or understanding that he or someone else will receive something of value in the event of a certain outcome.
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