This section applies to a transaction which satisfies the definition of participating in a lottery in section 14 and also—
satisfies the definition of pool betting in section 12, or
satisfies the definition of betting in section 9 by virtue of section 11.
A transaction to which this section applies shall be treated for the purposes of this Act as participating in a lottery (and not as betting) if—
it satisfies paragraph 1(1)(a) and (b) of Schedule 11,
it satisfies paragraph 10(1)(a) and (b) of Schedule 11,
it satisfies paragraph 11(1)(a) and (b) of Schedule 11,
it satisfies paragraph 12(1)(a) and (b) of Schedule 11,
it satisfies paragraph 20(1)(a) and (b) of Schedule 11,
it satisfies paragraph 30(1)(a) and (b) of Schedule 11, or
it is promoted in reliance on a lottery operating licence.
Any other transaction to which this section applies shall be treated for the purposes of this Act as betting (and not as participating in a lottery).
This section is subject to regulations under section 14(7).