; or (B) a league or association of persons or governmental entities described in subparagraph (A). (2) Bet or wager (A) In general The term bet or wager means the staking or risking by any person of something of value, including virtual currency and actual or virtual items that can be sold or otherwise exchanged for cash at the gaming facility or elsewhere, upon the outcome of a contest of others, a sporting event, a game subject to chance, or a game in which the outcomes reflect the relative knowledge and skill of the participants, upon an agreement or understanding that the person or another person will receive something of value in the event of a certain outcome. (B) Inclusions Such term includes the following: (i) The purchase of a chance or opportunity to win a lottery or other prize. (ii) Any lottery, sweepstakes, or other betting, gambling, or wagering scheme based, directly or indirectly (through the use of geographical references or otherwise), on one or more competitive games in which amateur or professional athletes participate, or are intended to participate, or on one or more performances of such athletes in such games. (iii) Any instructions or information pertaining to the establishment or movement of funds by the bettor or customer in, to, or from an account with the business of betting or wagering. (iv) Participation in any fantasy or simulation sports or e-sports game or contest, including those in which (if the game or contest involves a team or teams) no fantasy or simulation sports team is based on the current membership of an actual team that is a member of an amateur sports organization or professional sports organization and including those that meet any of the following conditions: (I) All prizes and awards offered to winning participants are established and made known to the participants in advance of the game or contest and their value is not determined by the number of participants or the amount of any fees paid by those participants. (II) All winning outcomes reflect the relative