Do I need any kind of contract to make if I want to make a betting website? without braking the law?

Im thinking of making a website with betting system but I never done this before and i wanned to know do I need to open my own company? or do i need t

Im thinking of making a website with betting system but I never done this before and i wanned to know do I need to open my own company? or do i need to pay taxes for this webpage? Any kind of information would be much appreciated , thanx.

or:Im thinking of making a website with betting system but I never done this before and i wanned to know do I need to open my own company? or do i need to pay taxes for this webpage? Any kind of information would be much appreciated , thanx.

or:Taxes are the least of your problems. Every state has regulations about gambling, that apply for Internet gaming performed in that state. I'm pretty sure you won't do the research you need, and that you'll probably end up breaking the law. Don't drop the soap.

or:There are three types of licence that betting business owners may need to apply for, The Gambling Commission issues operating licences and personal licences; premises licences are issued by local licensing authorities.In most circumstances, you do need an operating licence.

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