A monopoly is a market structure that consists of only one seller or producer. A monopoly limits available substitutes for its product and creates barriers for competitors to enter the marketplace. Monopolies can lead to unfair consumer practices.
Gambling is the act of wagering or betting money or something of value on an event with an uncertain outcome with the intent to win more money or things of value than was wagered. Gambling involves risking something of value, including money, for the chance of winning more than you risked.
