‘No Dice’ on Workplace Gambling

The NCAA college basketball championship—otherwise known as “March Madness”—will soon capture the imaginations of Exchange sports fans. However, the Office of the General Counsel reminds associates that office pools for the basketball games are considered gambling and prohibited on federal property.

Three elements

Gambling involves three elements: a game of chance; consideration, basically something of value for the possibility of winning; and a prize.

Throwing in money into a March Madness pool satisfies all three criteria, so it’s not allowed in the workplace, according to federal regulations. Additionally, using Exchange time and equipment violates the CEO’s letter on communications equipment.

What about fantasy football?

Fantasy football leagues for money also count as gambling, fantasize away, but don’t participate.