Before you set up your prize draw project, make sure you fully understand and comply with the rules that apply, as you are responsible for complying with them. These include laws on gambling, advertising, privacy and other areas. Be careful not to run a draw that qualifies as a lottery or raffle. Most importantly, you must have a free entry route.
You will need to prepare detailed terms and conditions for the prize draw and upload these when you set up your project. There are rules on what needs to be in your terms and conditions. Below is some information on some of the key points you will need to cover. However, please note, this is not legal advice and you should not rely on it as such. In providing the information Crowdfunder is not taking on any responsibility as a promoter, under the UK Code of Non-broadcast Advertising and Direct & Promotional Marketing (CAP code) or otherwise.
Where to get more guidance
You can get more guidance on how to make sure your prize draw or competition complies with relevant rules from the following sources. You may also want to seek legal advice as the requirements are complex:
You can find out more about your obligations relating to privacy on the ICO website.
This information should not be construed as legal advice and should not be relied on as such. In providing the information Crowdfunder is not taking on any responsibility as a promoter, under the CAP Code or otherwise.