Online gaming revenues are subject to the laws and regulations of the country in which they are generated.
Hello dear lawyer,
will I have problems if I open a homepage on which a so-called 7-day battle takes place? On the page there will be an online game (which I will purchase the rights for) that runs for 7 days each time.
Every participant/player has the opportunity to register and achieve a high score with a stake of 0.50 cents. It is a pure skill game.
Of the 0.50 cents, 0.25 go into the prize pool, 0.20 go to me, and 0.05 cents go to a good cause.
That is the basic principle.
If all requirements are met (company founded, etc.), may I operate it in this way and also pay out cash prizes or perhaps only prizes in kind?
Do I need to go to a notary or TÜV?
It would be very kind if you could provide me with more detailed information on this.
Thank you and best regards.