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Contract act

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(Querist)
03 May 2014 how are wagering transactions different from specultive transactions?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 May 2014 basic difference. All wagering contracts are speculative in nature. but all speculative transactions are not wagering in nature.

for eg: speculative transactions in stock markets are not void though do involve a degree of wager in it.

for a very detailed analysis, refer this video: https://www.youtube.com/watch?v=h7GA7CcU9Vc
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