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
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