Gaming Contract

(redirected from Wager Contracts)

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 illegal.
References in periodicals archive ?
5 million of their own money in financial wager contracts based on the group's share price performance over four years.
Four directors, including chief executive Simon Wolfson, are investing in financial wager contracts based on the group's share price over four years.