See, e.g., Conn. Mut. Life Ins. Co. v. Schaefer, 94 U.S. 457, 460 (24 L.Ed 251) (1877) (defining "mere wager policies" as "policies in which the insured party has no interest whatever in the matter insured, but only an interest in its loss or destruction"). See also Hardin v. NBC Universal, Inc., 283 Ga. 477, 479 (660 S.E.2d 374) (2008) (defining a "gambling or wagering contract" as "one in which the parties in effect stipulate that they shall gain or lose upon the happening of an ... event in which they have no interest except that arising from the possibility of such gain or loss" (quoting Martin v. Citizens' Bank of Marshallville, 177 Ga. 871, 874 (171 SE 711) (1933))).
See, e.g., Conn. Mut. Life Ins. Co. v. Schaefer , 94 U.S. 457, 460, 24 L.Ed. 251 (1877) (defining "mere wager policies" as "policies in which the insured party has no interest whatever in the matter insured, but only an interest in its loss or destruction"). See also Hardin v. NBC Universal Inc., 283 Ga. 477, 479, 660 S.E.2d 374 (2008) (defining a "gambling or wagering contract" as "one in which the parties in effect stipulate that they shall gain or lose upon the happening of an ... event in which they have no interest except that arising from the possibility of such gain or loss" (quoting Martin v. Citizens' Bank of Marshallville , 177 Ga. 871, 874, 171 S.E. 711 (1933) )). Disapproval of these human-life wagers goes back almost as far.
See, e.g., Conn. Mut. Life Ins. Co. v. Schaefer , 94 U.S. 457, 460, 24 L.Ed. 251 (1877) (defining "mere wager policies" as "policies in which the insured party has no interest whatever in the matter insured, but only an interest in its loss or destruction"). See also Hardin v. NBC Universal, Inc. , 283 Ga. 477, 479, 660 S.E.2d 374 (2008) (defining a "gambling or wagering contract" as "one in which the parties in effect stipulate that they shall gain or lose upon the happening of an ... event in which they have no interest except that arising from the possibility of such gain or loss" (quoting Martin v. Citizens' Bank of Marshallville , 177 Ga. 871, 874, 171 S.E. 711 (1933) )). Disapproval of these human-life wagers goes back almost as far.
Where gambling is legal, contracts related to legal gambling activities are enforceable." Black's Law Dictionary (9th Ed. 2009); see also Hardin v. NBC Universal, Inc., 283 Ga. 477, 479, 660 S.E.2d 374 (2008) (A gambling contract is "one in which the parties in effect stipulate that they shall gain or lose upon the happening of an . . . event in which they have no interest except that arising from the possibility of such gain or loss. . . . By the terms of such a contract the consideration must fall to the one or the other upon the determination of the specified event." [Internal quotation marks omitted.]).