monetization – Creating a online game with a max $20 investment to potentially win much more. Want as little regulations

Creating an online game where maximum entry is $20, which is pooled amongst players and, in a series of stages, the players will lose until there is 1 person left who takes most of the pot. The T&C of the game will be that the most the creators (us) are liable for is your initial investment. I guess it’s analogous to a poker tournament.

I want as little regulations as possible. Of course the game will be above-board and fair but I want the government out of it as much as possible.

Is there a particular jurisdiction/country that would be best for incorporating such a business and hosting these type of games?