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Comment on Companies That Presented at Y Combinator Demo Day 1parent

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It is legal to put money on it as a participant.

I can enter a Magic: the Gathering tournament with a $30 entry fee and 2 players where the winner gets $50. This isn't gambling since it is considered a game of skill.

It would not be legal for a spectator to put money on the result of this match since their skill is not relevant to the outcome.

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