Usually means: Engaging in fraudulent or illegal activities.
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We found 13 dictionaries that define the word racketing:

General (11 matching dictionaries)
  1. racketing: Merriam-Webster
  2. racketing: Oxford Learner's Dictionaries
  3. racketing: Collins English Dictionary
  4. racketing: Vocabulary.com
  5. racketing: Wordnik
  6. racketing: Wiktionary
  7. Racketing, racketing: Dictionary.com
  8. Racketing: Online Plain Text English Dictionary
  9. Racketing: AllWords.com Multi-Lingual Dictionary
  10. racketing: FreeDictionary.org
  11. racketing: TheFreeDictionary.com

Business (1 matching dictionary)
  1. racketing: Legal dictionary

Computing (1 matching dictionary)
  1. racketing: Encyclopedia

(Note: See racket as well.)

Definitions from Wiktionary (racketing)

noun:  (dated) A carouse; a reckless dissipation.

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