Re:Entrepreneur sells bottled New York City tap water
by lacker on Sunday March 01, 2009 @10:30AM
(#499030)
Interesting. It's illegal to bet on baseball in most places. But Jordan's Furniture can buy an "insurance policy" that pays them money only when the Red Sox win the world series.
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Re:Entrepreneur sells bottled New York City tap water
by ConradHex on Sunday March 01, 2009 @03:04PM
(#499245)
The reason insurance is generally exempt from gambling laws is that you are supposed to use insurance to protect you financially from what would otherwise be a negative event. Which I think fits here...