PROMISSORY NOTES’ TERMINALS AS A WAY OF GAMBLING LEGALIZATION IN RUSSIA

Abstract

With the evolving commodity-money relations the promissory note has gradually become a universal credit-settlement instrument used in business and banking practice. In the XXI century the promissory note market started to be used both for virtual transactioning and for the transactioning not directly related to the receipt of the particular monetary funds and even for the pursuit of the activities under a ban. After the gambling ban at almost the entire territory of the Russian Federation, stock exchange programmes and bill of exchange terminals started to be actively used to legalize gambling. The imperfection of the legal regulations and the court practice cannot solve the problem of such gambling prohibition forms and gambling halls under the bill of exchange guise of clubs continue their work in different regions of Russia. The paper considers the problem of organizing and conducting gambling using the bill of exchange terminals in the Russian Federation, as well as the court practice on the legality of exchange clubs bill of, the corresponding conclusions have been drawn.