Gaming law and derivatives

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.3/67917

Title: Gaming law and derivatives
Author(s): Ciro, Tony
Abstract: This article analyses the impact gaming and wagering laws have had in the area of financial derivatives. Gaming statutes have proven to be problematic in both on-exchange and over-the-counter markets. The article examines the historical origins of the legislation both in Australia and the UK. The article is critical of the application of gaming statutes in the area of financial instruments. Indeed, the application of these laws to this area indicates a complete misunderstanding of both the nature and substance of financial markets. The article agrees with the recommendation put forward by the Companies and Securities Advisory Committee for the removal of all gaming laws from over-the-counter markets.
Publication type: Journal article
Source: Company and Securities Law Journal, Vol.17, no. 3 (1999), pp. 171-186
Publication year: 1999
Keyword(s): Australia; Common law contracts; Corporations Law; Derivatives; Financial Services Act 1986 (UK); Futures market legislation; Gaming and wagering legislation; Law; Legislation
Publisher: Lawbook Co.
ISSN: 0729-2775
Publisher URL: http://www.thomsonreuters.com.au/
Peer reviewed