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KSA 021-064-0003 – Gambling; definitions | Kansas Law

Learn about Kansas's Gambling; definitions law, including definitions, penalties, and legal implications.

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KSA 021-064-0003 – Gambling; definitions

Kansas Statutes Annotated § KSA 021-064-0003

Statute Summary

21-6403.Gambling; definitions.As used in K.S.A. 21-6403 through21-6409, and amendments thereto: (a) "Bet" means a bargain in which the parties agree that, dependent upon chance, one stands to win or lose something of value specified in the agreement. A bet does not include: (1) Bona fide business transactions that are valid under the law of contracts including, but not limited to, contracts for the purchase or sale at a future date of securities or other commodities, and agreements to compensa

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In simple terms: Learn about Kansas's Gambling; definitions law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.