How is Online Gambling defined in a legal contract?
- Online Gambling means any entity that accepts, transmits, or receives bets via the Internet. This includes digital businesses that provide sports betting, poker, or other games of chance. It does not matter if these bets are placed partially or entirely over the Internet. This definition does not include Video Lottery Terminals. Seen in 3 SEC filings
- Online Gambling means a digital game that is played over the Internet or mobile devices, in which players use real money to participate in virtual gambling games such as bingo, slots, and casino games. Players can bet real money, and realize real gains and losses. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of online gambling' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Online Gambling means a digital activity where real money is used to bet on games of chance via the Internet or mobile devices.
Relevant Contract Type
- Online Gambling Service Agreement
- Third-Party Provider Agreement
- Sportsbook Partnership Agreement
- Betting License Agreement
Relevant Circumstances
- When an individual or an organisation wishes to start an online gambling business
- When a physical gambling business wishes to expand online
- When businesses enter into a partnership to co-host online gambling activities
Relevant Sectors
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Online Gambling means a digital activity where real money is used to bet on games of chance via the Internet or mobile devices.
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