The project I mentioned earlier; it would require a lot of time on my attorney's part, but once the legal process was completed, the profit potential was huge -Fast
If it can be done legally, start a limited partnership or LLC and do a "safe harbor" offering like a 403b to raise some cash and get it going!
I agree. Although, this game would be fun for entertainment and educational pusposes. It'd be cool if there was a $25-50K POT. That way, you win the pot and then use that money to open an account and trade -Fast
Hmmm..thanks for the input guys. I never thought about the whole gambling law thing. I don't think they would apply, but you never know. Limit and stop orders would be kind of a bitch to implement though. Anyone know how that would work? Loop from market open to close and keep checking to see if price has hit?
If it violates US gambling laws, try running it from a server in Antigua through an Antigua corporation. Such activities are legal in Antigua and several internet gambling companies are based there.
I like this website idea and am looking into it. Raise your hand if you'd be up for something like this -Fast