Startup Idea: Contest Management Software for International Compliance

Startup idea to develop a software that simplifies contest management. The software would track the legal and tax requirements for contests across different countries. Additionally, it will generate context-specific templates that adhere to the latest regulations. The goal is to allow small contests or giveaways to be executed with minimal overhead and legal review.

I am a freelance marketing consultant. I have worked on contests and sweepstakes for event marketing. One pain point around contests is that the overhead for allowing for small contests (to promote developer contests, new products, small teams at a conference) is too high.

It would be helpful if there were software that automatically tracked the legal and tax requirements for contests across different countries and generated templates with the latest requirements, so that small contests/giveaways could be done with minimal overhead. Right now, contest rules require legal review, you need to track all the prizes and the amounts, follow different rules for different countries, etc. Most of this information is stuff that can be figured out once (or just as laws change in each country), but it's not worth it for most events.