gambling contract

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Noun1.gambling contract - a contract whose performance by one party is contingent on the outcome of a bet; unenforceable by statute in most jurisdictions
contract - a binding agreement between two or more persons that is enforceable by law
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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The Defendant argued that the contract was void on public policy grounds, pointing out that the Claimant had deliberately failed to produce a copy of the contract for the court's review with the hope that the Court of First Instance would not be able to ascertain that the agreement was a gambling contract known in English as a 'spread betting contract' which involves speculation on price movements.
It is unlikely that the gambling contract comes within those envisaged by the Act.
The company also brought an end to another loss making project, its interactive gambling contract with ITV.