1 Answers
Bankim Chandra Staff answered 1 month ago The gambling act 2005 has identified 3 activities as Gambling. These are listed below with explanation.
- Gaming. This includes game of chance or game of chance with skill. A player may play alone or with other participants. The payment may win a monitory prize or a tangible prize gift. (If the merchant offers game of skill only and no chance or luck is involved then it may not be termed as a gambling.)
- Betting. In this activity players bet on a result that is not released at the time of betting. Examples can be horse racing or online sports betting.
- Lottery Participation. Multiple players make individual payments to participate in lottery and the winner is chosen randomly.
