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Gambling - Wikipedia While insurance is sometimes distinguished from gambling by the requirement of an insurable interest, the equivalent in gambling is simply betting against one's own best interests (e g , a sports coach betting against his own team to mitigate the financial repercussions of a losing season)
Gambling | Definition, History, Games, Facts | Britannica Gambling is the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or have an unexpected result by reason of the bettor’s miscalculation
New gambling tax laws arrive in 2026: What to know - Axios Gambling may not be the same for many Americans next year because of new tax laws The big picture: The new gambling laws on the state and federal level for 2026 could directly impact betters nationwide and how much income they claim on their taxes in the years to come