Contest/give aways rules?

Question

I'm planning on making a site that gives away free gifts.

The gift is valued between $1-$500.

What rules I have to follow?

I heard there's a price point where some rules comes in and different states have different rules.

Is there a site where I can get this information?

Help is greatly appreciated!

Answer 1

Well it depends on what state you are in, but to be safe, you better call a lawyer, or call Oprah.