Gambling is forbidden.
O you who believe! Intoxicants (all kinds of alcoholic drinks), and
gambling, and Al-Ansab , and Al-Azlam (arrows for seeking luck or
decision) are an abomination of Shaitan's (Satan) handiwork. So avoid
(strictly all) that (abomination) in order that you may be successful.
Do you see any conditions or concessions attached to ...
As per your description of the system, what you're referring to comes under competitions with prize-money. This is haraam except for few cases:
Al-Tirmidhi (1700), al-Nasaa’i (3585), Abu Dawood (2574) and Ibn
Majaah (2878) narrated that the Prophet (peace and blessings of Allaah
be upon him) said: “There should be no (money) prizes for competitions
I opened a club and though it was running on the rule of loser to pay there were few games like snooker table tennis and hand soccer but after few months some Islamic scholars came to me and told me that it is haram in isalm that only loser pay the rent of game so then I changed the rule of game and it was set to be both the persons must have to pay but few ...