Creating a Daily Fantasy Site

[blockman]

As long as it relates to gambling, you have to but it's still best to ask a legal counsel that will work on it.

[Oceat]

Do you need license(s) to create a daily fantasy site? Since it's not entirely a casino, but it is gambling, does it require the same licenses (in the U.S.)? You also don't exactly need money backed behind it to start one since you can just have paid events you're charging fees on with no guarantees. Obviously there's ways to attract customers, just curious what all goes into creating one.

If you are making money from it, you will probably gonna need a license(s). But it is best if you find a consultant in your country to know more about the type of business that you want to run. Gambling is proven to make money from its customer but you will have to attract lots of customers first before you can make money from it.

[BTCevo]

Of course this is profitable. Gambling business is always profitable in the end because of the house edge that help them to get profit and players like the adrenaline when it comes to gamble, fast money. Actually if you think that it is hard then how about a real business? Dont you think it will be the same? Marketing is always needed im order to get more players and why do you need some fake players or data? In crypto gambling, you should provide everything transparant because some little mistake will ruin everything that you ever created especially about the license and paperwork

Of course , i know exactly if u talking about in the end. mostly , yes.
fortunejack going well like we can see now, directbet.eu closed with high reputation, it happened not merely because a simple license/paperwork or all transparent.
but because a high commit and good management,(its just my opinion by the way), but how about something like betking,bitcoinpenguin,bitspoker,
i mean , what i want to talking its about did u know exactly how to create some business like this, we know about big profit also more money come if u got investor, but, can u do that ?

Not all site are start with some huge bankroll, some of them even start with small bankroll and in the end they are as big as the current big dice. You can see bitsler for examples, I followed them from the very beginning and you can see them right now, with some good management of their team and not even from a single investment fron players and they manage to be as big as others site as well. It is not that easy but of course it takes time

[davinchi]

You don't need any bankroll at all on these kinds of websites. You need capital for stuff like building the website and hosting (usually you need dynamic hosting so you can pay less if you have less users and more if you have more customers instead of trying to guess), for marketing and other stuff that every regular company has to pay for.

However, at the end of the day there is no bankroll because in these kinds of casinos (don't know if this is even considered casino) people put up money against each other and house takes a rake from it and they are not even risking any money themselves. It means they do not need any bankroll at all. It is a bit of a easy way out for people who want to start a gambling place but do not have enough bankroll, same with poker as well. Harder to get users than stuff like dice tho.

[traderethereum]

Do you need license(s) to create a daily fantasy site? Since it's not entirely a casino, but it is gambling, does it require the same licenses (in the U.S.)? You also don't exactly need money backed behind it to start one since you can just have paid events you're charging fees on with no guarantees. Obviously there's ways to attract customers, just curious what all goes into creating one.

I don't know about that since I don't have any gambling website and I don't get involved too deeply in the gambling industry.
But I think you will need a license to run the gambling site and it depends on the country you've lived in.
And besides that, I think you need to search on the right hosting which could allow you to run the gambling website.
Maybe that can work to attract customers to visit the website, but without any promotion, I guess that will be too difficult to get more customers.
I think you need to explain more details about what will the gambling website looks like so maybe we can give more information about what you want to know.
I think if the website is in the US, it will be allowed but it's better if you lived in Macau or other countries which gambling is allowed, so you will not get a problem in the future.

[electronicash]

you don't need to have a license because after all even if you have game-protect will still bug you all the time. what you need is to pay game-protect so he'll be happy to shill and promote your fantasy site. no hassles at all and guaranteed you are protected by any law.  you can be assured your project will be on the spot light every now and then. he owns the gambling section of this forum.

[Deborah Christine]

Do you need license(s) to create a daily fantasy site? Since it's not entirely a casino, but it is gambling, does it require the same licenses (in the U.S.)? You also don't exactly need money backed behind it to start one since you can just have paid events you're charging fees on with no guarantees. Obviously there's ways to attract customers, just curious what all goes into creating one.

I think it needs a license. Although there are some gambling sites that are not licensed, it would be better if you have an official license.
Because the license serves to provide legality so that people can play with more confidence without fear and doubt.  People also do not need to fear cheating because all games can be run without cheating.