So I've spoken to Raj from Lone Star and we're working on revising the packet and the policies. Expect a new packet soon. He's been very good to talk to and receptive to comments and suggestions. Teams are still assuming all risk here- but I've seen that they're very enthusiastic about throwing the comp. I'm discussing the financials with him and making sure it all checks out we'll see.
Also baljot, each competition is different. Venue rules, Sponsor rules, etc all combine to put some of the policies forward. If they want to go 18+ it makes sense since it reduces risk and liability for the competition, venue, and staff. If you have want to compete have your captain contact them directly and perhaps they can work something out.