Could be in any context. I do it a little on UFC fights but that’s a relatively low amount and I can afford I to lose any time I do. It seems like it’s becoming a really wide spread problem though, at least in the US. At the same time I don’t see why it should be illegal. Granted I also don’t think any drug should be illegal.
I would bet (pun intended) that the majority of fantasy football leagues have cash prizes. But it’s like poker: a game of skill with an element of luck, and the better players come out on top in the long run.
There are many types of fantasy sport that are not just fantasy football. Also, it depends where the cash prize comes from, is it from people putting money into a pot? Or is it from the league itself as part of marketing and players only stand to benefit and don’t stand to lose?
Another part of fantasy sport is that I think generally speaking, I don’t think it has a focus on winning the prize, it’s a focus on the entertainment value of the fantasy sport itself. Whereas the entertainment value of gambling is directly tied to winning.
There are, and I’ve played many fantasy sports in my life. But the vast majority is fantasy football, it’s like 80% of all fantasy leagues.
For most players, fantasy football payouts come from league members paying in every year. You’re correct, most of the enjoyment of fantasy sports comes from the competition and camaraderie with the prize money being a nice bonus. That’s one big reason I don’t see it the same as other forms of gambling.