Definition from Nolo’s Plain-English Law Dictionary
An unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Bucket shops are seldom seen today since there are many opportunities to gamble legally on the stock and commodities markets.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm