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Wagering something of value on a random event
Gambling is the wagering of something of value on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration, risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.
More on Wikipedia ↗Elder D. Todd Christofferson denounced all forms of gambling, including prediction markets, during the first session of general conference in Salt Lake City. Hi
At the Saturday morning session of the 196th Semiannual General Conference of The Church of Jesus Christ of Latter-day Saints, President D. Todd Christofferson addressed a subject that has not been the primary focus of a general conference talk since 2005, according to scriptures.byu.edu: gambling Christofferson,…
SALT LAKE CITY (AP) — A leader of The Church of Jesus Christ of Latter-day Saints warned Saturday that an explosion in gambling driven by online prediction markets and sports betting is fostering g…