AboutRobert Medl Expertise I can answer all questions related to getting started with online gambling. Whether you like bingo, casino games (like slots, blackjack, video poker, craps), poker, skill games (like backgammon, rummy), or sports betting, I can provide answers about how to get started. And I can help you select a reputable site, and point you to all of the bonuses that are available to you at these sites
Experience Been gambling online for over 5 years. Have compiled a list of over 500 gaming sites.
Education/Credentials Bachelor of Science degree in Mathematics.
Question So, recently I've been brainstorming a bunch of online business ideas. I've
come up with one, but am uncertain of whether I need a license or not.
Basically, the website goes like this: One person issues a challenge. That
person invests a certain amount of money - for example 1$. Other people
then have a chance at accepting their challenge. The person who accepts the
challenge must invest an equal amount - 1$. They then campaign for votes.
Who ever gets the most votes wins the pot - (in the example's case it would
be 2 $)
Is this legal or do I need a gambling license or something.
Answer Laws concerning gambling vary from country to country, state to state, and region to region. Because of this, it is difficult to say definitively if what you are proposing would be classified as "gambling". While I am not a lawyer, my initial thinking is that the nature of the "challenge" would be the determining factor in determining if your site was classified as a gambling site. For example, if the challenge was something like "I can roll a 7 before an 11", I can imagine some might say that this is gambling (due to the element of chance -- the roll of the dice -- that is involved in the challenge). However, if the challenge was something like "I can juggle 5 balls for one minute without dropping any of them", I can't see how anyone would say that this is gambling.
