The magic word here is “escrow”. This is an escrow service, not betting or a bank. Alternatively, it might be considered a bonding service. Either way, though, it definitely needs competent legal advice and appropriate licensing for the jurisdictions you operate it in.
The magic word here is “escrow”. This is an escrow service, not betting or a bank. Alternatively, it might be considered a bonding service. Either way, though, it definitely needs competent legal advice and appropriate licensing for the jurisdictions you operate it in.