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Gambling also known as betting is the wagering of money or something of value referred to as "the stakes" on an event with an uncertain outcome, with the primary intent of winning money or material goods. Gambling thus requires three elements to be present: consideration an amount wagered , risk chance , and a prize. The term "gaming"  in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.
However, this distinction is not universally observed in the English-speaking world. For instance, in the United Kingdom, the regulator of gambling activities is called the Gambling Commission not the Gaming Commission.
The media and others have used one term or the other to frame conversations around the subjects, resulting in a shift of perceptions among their audiences. For example, players of marbles games might wager marbles, and likewise games of Pogs or Magic: The Gathering can be played with the collectible game pieces respectively, small discs and trading cards as stakes, resulting in a meta-game regarding the value of a player's collection of pieces. Gambling dates back to the Paleolithic period, before written history.
In Mesopotamia the earliest six-sided dice date to about BC. However, they were based on astragali dating back thousands of years earlier. In China, gambling houses were widespread in the first millennium BC, and betting on fighting animals was common. Lotto games and dominoes precursors of Pai Gow appeared in China as early as the 10th century. Playing cards appeared in the 9th century [ AD or BC?
Records trace gambling in Japan back at least as far as the 14th century. Poker , the most popular U. The first known casino, the Ridotto , started operating in in Venice, Italy.
The Gambling Commission is an executive non-departmental public body of the Government of the United Kingdom responsible for regulating gambling and supervising gaming law in Great Britain. Its remit covers arcades , betting , bingo , casinos , slot machines and lotteries , as well as remote gambling, but not spread betting. The stated aims of the Commission are to keep crime out of gambling, and to protect the vulnerable.
It issues licences to operators, and advises the government on gambling-related issues. It also collaborates with the police over suspected illegal gambling.
In it assumed responsibility for regulating the National Lottery. The Gambling Commission was established under the Gambling Act and assumed full powers in , taking over responsibility from the Gaming Board for Great Britain, in regulating arcades , betting , bingo , casinos , slot machines and lotteries , but not spread betting regulated by the Financial Conduct Authority.
It is also responsible for the remote gambling which includes betting online, by telephone and other communication devices using the equipment, that offer or advertise services to the residents of Great Britain. The Commission's stated aims are "to keep crime out of gambling, to ensure that gambling is conducted fairly and openly, and to protect children and vulnerable people".
However, critics note its ADR process and default non-disclosure of complaints as often part of "standard procedure" contrasts directly with the validity of this claimed remit. The Commission issues licences to gambling operators, can levy fines and revoke licences, and is tasked with investigating and prosecuting illegal gambling.