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I know it's more to maintain, but for some other sites the contest starter firstly goes through a moderator/adminsitrator. It is the moderator that then posts the request. Certain questions have to be answered such as target audience, impression to acheive etc.
I'm not sure if there's a fee for that.
One other idea would be to charge a small deposit to the contest owner, then return that once a winner (from this baord) has been chosen.
All takes time and work though.
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