The architecture is centralized. A single owner has complete control over all critical game parameters. Therefore, he can transfer the ownership to a malicious actor and abuse contestant's funds.
Likelihood:
The owner can abuse their power to exploit players without warning or user consent
Ownership transfer can be done instantly which leads to immediate risk
Impact:
Owner can steal 100% of all future player funds by setting platform fees to maximum
Owner can setup the grace period to a very minimal time frame
Add reasonable bounds to prevent abuse
Implement a DAO governance
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