The thrill of a high stakes hangman tournament would be second to none. The flow of adrenaline, the skill of the game, the enormous financial opportunity, the risk of loosing it all...
and that's where things become tricky, you know, legally. Hanging losers may be the right thing to do for the gene-pool, but it surely comes with a high probability of lawsuits and a chance of corporal punishment.
Free Advice:
If you're looking to invest in a high stakes hangman league/tournament, do yourself a favor and consider the legal implications and costs before chasing that dream.
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