For Sale: Raffle: Level NJS Track Frame + Fork + NJS Super Deluxe Headset + NJS R9400 BB

So basically is it okay or is it not? What's up with raffles that's been going on for the last couple of months? I'm quite sure they're not 100% for charity.

It really is not OK.

In fact... PayPal don't permit raffles either and can shut the account and return all money or seize it all.

If this was still inside the 60 days of taking the first payment I would be very strongly advising you to return all of the money and accept that you'll sell it for a lower price.

You cannot do that now, the ship has sailed.

Raffles, when unregulated, can cause real issues for this site, for PayPal, and creates a hell of a lot of liability for you the seller (you can be sued under civil proceedings by individuals and criminally by the gambling commission on the basis of fraud).

And if the raffle you mean recently refers to the one by Apollo on behalf of the LCEF, you'll note that proceeds 100% went to a non-profit society to support couriers in London who have been taken out off their bike (and out of work) by circumstances beyond their control (road traffic incidents mostly). So the existence of 1 raffle, which sought permission and investigated the gambling commission rules beforehand, does not imply that raffles are acceptable.

And I will invite as many people as I can to come and witness the draw. I'll need at least 10 people and I will record the process to be then uploaded to a video-sharing site.

You should finish it now you've started.

Yes sharing a video which clearly shows the selection will help to reduce the risk to you by demonstrating that the selection is random. Be sure to include on the video a pre-draw check that the items to be drawn are all random, include all participants, and is fair and neutral.