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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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Is the prize for the race from the spectators, or from one of the racers?

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Question:
Is the prize for the race from the spectators, or from one of the racers?

Answer:
In matters that the Shari'ah has made permissible, the prize is for the winner and the horse in archery, horse racing, or camel racing. As for the spectators who sit and say, "Such-and-such horse will win," or "Such-and-such horse will not win," this is forbidden and not permissible. This is a wager, and it falls under the category of forbidden wagers. It is not permissible. Because he is not a racer; rather, he is sitting on a chair or making a guess, saying, "Such-and-such horse will win," or "Such-and-such horse will not win." If the one he designated wins, he does not deserve the prize. If he takes the prize, it is maysir (gambling). Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، [515 -954] هل تكون الجائزة على السباق من المتفرجين، أو تكون من أحد المتسابقين؟ - الشيخ صالح الفوزان — youtube.com

The Arabic text is a machine transcription of the audio recording.

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