>>55975753It would have many legal problems, just to give an example, they hold a contest just for children, your Fakemon is the winner, immediately they reward you with a few official articles and the pride of seeing your creation being part of the franchise.
Years later you see that your Pokemon, now official, generates millions of dollars and you gave up the rights for some stupid prints, t-shirt, posters and a couple of games that are not worth more than a couple of hundred dollars, you proceed to sue TPC for taking advantage of a minor
TPC is not going to go through all that mess if they can pay professional designers who will make creations with an established contract that they transfer all rights to the company for a fixed salary, without dramas and with a good profit for the company.