Is it legal to play chess for money?

I understand that chess is a game of strategy and skill, but I'm curious about the legality of playing it for money. Can you clarify whether or not it's legal to engage in monetary wagers while playing chess? I'm specifically interested in whether there are any laws or regulations that prohibit this type of activity, and if so, what the consequences might be for those who participate. Additionally, are there any reputable platforms or organizations that facilitate legal chess betting, and how can one ensure that they're complying with all relevant laws and regulations when engaging in this activity?