Also found in: Dictionary, Thesaurus.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved