Some legal issues

PythonPython Forum LeaderThe Royal RAM
Im thinking of launching a new project soon however there are some legal issues which Im not too sure about.

Basically it will be a betting site where questions will be aksed and a set number of answers provided. People can then bet money using their PayPal account (only PayPal will be available) and at the end everyone who is right wins a share of the total prize.

Are there any laws about this because it is basically betting on something. Could I put up a disclaimer and terms of use which clearly stated something to avoid any legal implications?

Thanks

The Royal Ram

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