Hi Guys,
I have an idea for a super bowl betting pool that utilizes the Counterparty asset exchange and I would appreciate some feedback on it.
Basically the game involves purchasing a token over the asset exchange that correspond to the NFL team you think is going to win the super bowl, and if that team wins the issuer buys back those tokens for the grand prize (probably .1 BTC, per token).
Team tokens sold by the issuer correspond to their current Vegas super bowl odds and will be updated weekly to reflect changes. Owners of the tokens may do with them what they wish; they will not be recalled and may be traded openly on the exchange for whatever else is there.
I already registered all the team names as assets(except somebody had taken "BEARS" already... hey guy who owns it, want to sell it to me?), as well as a handful of domain names. You can check out a bare bones version of the site:
http://thebitbowl.com/ or
http://counterbowl.com/I have an instructions / rules list and FAQ I am working on that hammers out the details, but I thought I would open myself up to comments and criticism right now in case I am about to jump off a legal ledge or something. I'd like all the advice I can get.
I'm also thinking of associating image files for each asset but don't want to run into copyright issues.
What do you think? Thanks.