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Interesting question. The answer to the question is (typical lawyer answer), that it will depend on the exact specs and parameters of the game. You need to be able to definitely show that the game is a game of skill. If you can show that is is skill based and not chance based, it will be legal to conduct in view of the UIGEA.
You may have to limit yourself or the application in some states, which have more stringent laws than the UIGEA. However, otherwise, as long as you can put forth evidence of skill, then you should be good to go.
Understand that this is a changing dynamic. There are bills being drafted in congress to address the fantasy sites right now. Keep abreast of those changes while you are in the process to avoid later problems.
Let me know if you have any other questions. Please also rate my answer positively.
I think that would be fine under applicable federal laws. That said, you need to be aware of some state laws, like Nevada and California that can be more restrictive.
I would simply have a disclaimer that people that live in those states cannot participate.
They have more restrictive laws relative to these types of activities (Nevada to avoid out of state competition). It would be worth it to look at every state's laws on the issue out of an abundance of caution before you drop $10-30K to develop and market this app.
Restrictions on interstate and/or on-line gaming when it is a game of chance. This does not fall into gambling per se. However, some states may deem or categorize this as gambling anyway.
That, unfortunately, would be an expensive deal because that is a lot of statutory review. I actually don't have the excess time to perform that search. I would think most attorneys with work in this area of the law would probably charge a minimum of $500-1,000 for the research and resulting report on the legal landscape for such an endeavor.
Was going to let you know that the State of New York banned participation in fantasy leagues yesterday. Thought that might be useful information. Let me know if you have any other questions or comments. Best!