(e) Participation in a lottery conducted under ch. (c) Participation in bingo or a raffle conducted under ch. (b) Offers of purses, prizes or premiums to the actual contestants in any bona fide contest for the determination of skill, speed, strength, or endurance or to the bona fide owners of animals or vehicles entered in such contest
Agreements to compensate for loss caused by the happening of the chance including without limitation contracts of indemnity or guaranty and life or health and accident insurance Contracts for the purchase or sale at a future date of securities or other commodities, andĢ. (a) Bona fide business transactions which are valid under the law of contracts including without limitation:ġ. A bet is a bargain in which the parties agree that, dependent upon chance even though accompanied by some skill, one stands to win or lose something of value specified in the agreement.
