Nft Raffle Website Legality

Summary

Running a raffle in Georgia where entry requires a purchase can be classified as gambling, subject to strict regulations. Raffles typically need a state license, and non-state lotteries are generally illegal. Compliance with state and federal laws is crucial.

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Would it be legal to make a website in which NFTs were available to purchase and each purchase of said NFT would grant a free token into a raffle. The raffle being a result of all of the NFTs profits put into a pot. The NFTs could be kept and traded as they normally are
In Georgia, running a raffle or lottery where participants must purchase something for entry can be considered gambling and may be subject to strict regulations. Here are some points to consider:
- Raffles typically require a license from the state.
- Lotteries, unless run by the state, are generally illegal.
- Ensure compliance with both state and federal laws regarding gambling and raffles.
Would you like more details on the specific licenses or regulations?