You can bet on anything.
Do you think chess is a form of gambling?
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World Championship Match is more like Winner take it all. If you look at the history - that was the way it all started (I am not so sure about how the earliest World Championship got the sponsors and Funding. But the way I remember is that the Challenger has to guarantee certain amount as winning amount, to make the Reigning World Champion play the World Championship). So at least one of the players, is staking their Money and which is Gambling. So the roots of how Chess became more popular, is to a certain extent based on the Gambling instinct. Do you agree?