What are the legal implications of a company whose sole purpose is to advise sports bettors on a weekly basis?

This company would be Las Vegas Based and marketed nationally.





see www.winningedge.com for example.





Please provide references regarding any legal implications of operating such an enterprise, if possible. Thanks!What are the legal implications of a company whose sole purpose is to advise sports bettors on a weekly basis?
When you think about it, they're not really much different from stock brokerage firms.