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Couldn't this be considered more like the Diablo II, ebay item selling? You've legitimately bought the game, and with it you're essentially offering up a payleague fantasy baseball. People in the Diablo II game sold items they'd found on ebay; I'd say that as long as you legitimately bought the game you'd have the right to create, maintain, and even participate in a league that involved money.
Hell, I've thought of this myself before. I'd be interested in joining a payleague.
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