Bucket shops legal definition of Bucket shops
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n. 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.
References in periodicals archive
The result has been almost no one having credit and the banks, hedge funds, and modern bucket shops
being paid handsomely for the privilege.
Most of the bucket shops
died with the Stock Market Crash of 1929.
The bucket shops
could be isolated, excoriated, then eliminated, thereby deflecting the producers' criticisms of speculators and redirecting them to pit producer against consumer.
In fact, last week bucket shops
were offering flight-only deals to the Dominican Republic for just pounds 89 return.