From the perspective of ownership i think the most risky businesses are
Hosting porn sites - Because most nations control porn websites, the time it takes to make a profit is quite short, and the likelihood of going bankrupt in a country like India is very high.
providing a dating service Such websites are frequently mistaken for pornographic or prostitution-related websites, making them just as dangerous as porn sites.
Hosting or advertising gambling or betting sites is extremely regulated and can quickly slip into the illegal category, putting proprietors at tremendous danger.
Spam mailing services - Would be considered unlawful in the majority of nations
Image morphing: Although it is legal, most users will use it to actively engage in unlawful activity.
Hosting porn sites - Because most nations control porn websites, the time it takes to make a profit is quite short, and the likelihood of going bankrupt in a country like India is very high.
providing a dating service Such websites are frequently mistaken for pornographic or prostitution-related websites, making them just as dangerous as porn sites.
Hosting or advertising gambling or betting sites is extremely regulated and can quickly slip into the illegal category, putting proprietors at tremendous danger.
Spam mailing services - Would be considered unlawful in the majority of nations
Image morphing: Although it is legal, most users will use it to actively engage in unlawful activity.