All of merilalama's Comments + Replies

Hey Robi! Yeah, I agree fiscal sponsorship can be a misleading term, since "sponsor" suggests someone who provides money. In the case of fiscal sponsorship, what the sponsor provides is tax-exempt status. I'd be somewhat reticent to use another term because this one is widely used in the nonprofit world. From Wikipedia:

Fiscal sponsorship refers to the practice of non-profit organizations offering their legal and tax-exempt status to groups (...). It typically involves a fee-based contractual arrangement between a project and an established non-profit.

I do ... (read more)

Also, to be clear, QURI didn't end up using this system to distribute prizes. 

FYI, the lottery system described above as a means to distributing prizes is illegal in the US (states have a monopoly on random lotteries, unfortunately)

Basically, if a payment system involves three features together, it will likely be illegal:

• Consideration (e.g. you need to spend money or time to be considered for the prize)
• Chance 
• Prize (cash or anything of value)

The typical way around this is to get rid of consideration and give an alternative means of entry, e.g. “you can also enter by emailing this email” or similar. This is why promotions often ... (read more)