Sunday, June 16, 2013

E-4: Defining What Is/Isn't Gambling Part 2


360 LEGAL LOUNGE – INSTALLMENT #3
DEFINING (FROM A LEGAL PERSPECTIVE) WHAT IS/ISN’T GAMBLING

·       Elements (& Legal definitions) of Gambling: Prize, Chance & Consideration.

  • Things generally recognized as gambling…

o   Poker
o   Pyramid Schemes

  • Things NOT generally recognized as gambling…

o   Futures betting
o   Day trading
o   Multi-Level Marketing
o   Insurance policies
o   Auction