Gaming law - AbsoluteAstronomy.com

Gaming law can be described as the set of rules and regulations that apply to the gaming or gambling

Gambling

Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods...

industry. Gaming law is not a branch of law

Law

Law is a system of rules and guidelines which are enforced through social institutions to govern behavior, wherever possible. It shapes politics, economics and society in numerous ways and serves as a social mediator of relations between people. Contract law regulates everything from buying a bus...

in the traditional sense but rather is a collection of several areas of law that include criminal law

Criminal law

Criminal law, is the body of law that relates to crime. It might be defined as the body of rules that defines conduct that is not allowed because it is held to threaten, harm or endanger the safety and welfare of people, and that sets out the punishment to be imposed on people who do not obey...

, regulatory law, constitutional law

Constitutional law

Constitutional law is the body of law which defines the relationship of different entities within a state, namely, the executive, the legislature and the judiciary....

, administrative law

Administrative law

Administrative law is the body of law that governs the activities of administrative agencies of government. Government agency action can include rulemaking, adjudication, or the enforcement of a specific regulatory agenda. Administrative law is considered a branch of public law...

, company law

Corporations law

Companies law is the field of law concerning companies and other business organizations. This includes corporations, partnerships and other associations which usually carry on some form of economic or charitable activity. The most prominent kind of company, usually referred to as a "corporation",...

, contract law

Contract

A contract is an agreement entered into by two parties or more with the intention of creating a legal obligation, which may have elements in writing. Contracts can be made orally. The remedy for breach of contract can be "damages" or compensation of money. In equity, the remedy can be specific...

, and in some jurisdictions, competition law

Competition law

Competition law, known in the United States as antitrust law, is law that promotes or maintains market competition by regulating anti-competitive conduct by companies....

.

Gaming law is enormously complex. In the United States, it involves federal and state law considerations and in Canada, it involves federal and provincial law considerations, in a variety of legal disciplines. For example, all gambling requires consideration

Consideration

Consideration is the central concept in the common law of contracts and is required, in most cases, for a contract to be enforceable. Consideration is the price one pays for another's promise. It can take a number of forms: money, property, a promise, the doing of an act, or even refraining from...

, chance

Chance

- Philosophy, logic and theology :* Chance * Contingency * Indeterminism* Luck* Probability* Randomness- Places :* Chancé, a commune in Brittany, France* Chance, Kentucky, U.S.* Chance, Maryland, U.S.* Chance, Virginia, U.S....

and prize

Prize

A prize is an award to be given to a person or a group of people to recognise and reward actions or achievements. Official prizes often involve monetary rewards as well as the fame that comes with them...

, legal terms that must be analyzed by gaming lawyers. In the United States, illegal gambling is a Federal crime

Federal crime

In the United States, a federal crime or federal offense is a crime that is made illegal by U.S. federal legislation. In the United States, criminal law and prosecution happen at both the federal and the state levels; thus a “federal crime” is one that is prosecuted under federal criminal law, and...

if done as a business. However, each of its states has its own laws regarding the regulation or prohibition of gambling.

External links

The source of this article is wikipedia, the free encyclopedia. The text of this article is licensed under the GFDL.

See also

External links