Since the first day I joined this site, it has always been strictly enforced that no forms of gambling are allowed. We aren't even allowed to gamble points, much less money.
Now, I do enjoy sports betting and other small amounts of gambling and I have the extra income to do it with no problem. Therefore, I like this and will participate (even though it has a very bad EV). But do not sit here and tell us we can't gamble, then create a tournament that is exactly that where you benefit and take 75% of the profits and put them in your own pocket. As someone else suggested, if you are going down this route, open up other tournaments to have entry fees and allow them to keep the entry fees in the prize pool for the tournaments with you taking a small amount on top. Not this 75% bullshit.
I will say I agree with others that have posted though. Very bad business move on your part. Eventually numbers will go way down I think but you may be able to get more money per player from those that are here. I think total revenue drops though.