Guess what is wrong with this.

Is my contest spec work?

To answer the question, ask yourself:

Will I equitably pay a winning designer for the work rendered as if they were hired under contract to do the same thing?

Will I negotiate proper compensation for the usage rights commensurate to the designer’s level of skill?

Will I return the working files and usage rights to all submitted designs, especially if they don’t win?

If the answer is “no” to any of these questions then your contest likely promotes speculative work.

According to your other comments:

Will I equitably pay a winning designer for the work rendered as if they were hired under contract to do the same thing?

- they state they pay 2k$ to the winner which is a reasonable price for a logo design, so it's a yes

Will I negotiate proper compensation for the usage rights commensurate to the designer’s level of skill?

- the contest form states they claim rights only to the winning piece, which they pay for in the end, so, it's a yes

Will I return the working files and usage rights to all submitted designs, especially if they don’t win?

see answer above, so it's a yes.

/r/ChoosingBeggars Thread Parent Link - i.redd.it