Prize in the context of Redemption game

Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.

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.e., a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. 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 word gaming is used more frequently since the rise of computer and video games to describe activities that do not necessarily involve wagering, especially online gaming, with the new usage still not having displaced the old usage as the primary definition in common dictionaries. "Gaming" has also been used euphemistically to circumvent laws against "gambling". 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.

Gambling law is the set of rules and regulations that apply to the gaming or gambling industry. Gaming law is not a branch of law in the traditional sense but rather is a collection of several areas of law that include criminal law, regulatory law, constitutional law, administrative law, company law, contract law, and in some jurisdictions, competition law. At common law, gambling requires consideration, chance and prize, legal terms that must be analyzed by gaming lawyers within the context of any gaming operation.

Gaming law is enormously complex. In the United States, it involves federal and state law considerations. In Canada, it involves federal and provincial law considerations, in a variety of legal disciplines.

The Frank Nelson Cole Prize, or Cole Prize for short, is one of two prizes awarded to mathematicians by the American Mathematical Society, one for an outstanding contribution to algebra, and the other for an outstanding contribution to number theory. The prize is named after Frank Nelson Cole, who served the Society for 25 years. The Cole Prize in algebra was funded by Cole himself, from funds given to him as a retirement gift; the prize fund was later augmented by his son, leading to the double award.

The prizes recognize a notable research work in algebra (given every three years) or number theory (given every three years) that has appeared in the last six years. The work must be published in a recognized, peer-reviewed venue. The first award for algebra was made in 1928 to L. E. Dickson, while the first award for number theory was made in 1931 to H. S. Vandiver.

The Francqui Prize is a prestigious Belgian scholarly and scientific prize named after Émile Francqui. Normally annually since 1933, the Francqui Foundation awards it in recognition of the achievements of a scholar or scientist, who at the start of the year still had to be under 50. It currently represents a sum of 250,000 Euros and is awarded in the following three-year rotation of subjects: exact sciences, social sciences or humanities, and biological or medical sciences.

Proposed candidates must be associated with a Belgian academic institution, in the case of a foreigner for at least ten years. The recipient is selected by a jury of eight to 14 members, none of whom may be associated with a Belgian institution. The members of the international jury vote by secret letter, and the laureate they recommend must be supported by two thirds of the assembled directors of the foundation (with a quorum of 12) or no prize would be awarded that year.