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Under the Indian Contract Act, 1872, wagering agreements are specifically dealt with under Section 30. The law prohibits any agreement related to wagering or betting. A wagering agreement is one where two parties agree that one will win or lose depending on the outcome of an uncertain event, such as a race, game, or a chance event. In such agreements, there is no real consideration or mutual benefit. ______ __________ _________ ________ _________ ______ ______.
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