I'm thinking to create a betting portal where every visitor will be able to compete to be in top 5 tipsters every month by profit from their picks. I was also thinking to either give my own cash to this top 5 tipsters or to get some bookie to sponsor such contest. And here I'm in the dark relating legal issues with such portal. I'm thinking to host my website and content on preferably netherland server or some other EU server since they are not so strict as US server that don't allow any content related with betting. What legal stuff must I be alert on and what's with paying taxes from earning money from such betting portal? What are laws in Asia cause 2nd alternative is to host website on asian server like in Malaysia for example. Also weird is that every guy I ask about legal stuff with betting content has no clue.