What are your thoughts on decentralized lotteries?

By using ERC20 tokens on an EVM-compatible public blockchain to play the lottery Lotteries can be conducted at low cost, with strict privacy, high return rates, and traceability guaranteed, without having to go through a lottery management organization. Winners are determined by randomly generated numbers on the blockchain.

During the three months between March and July 2022, we were developing a decentralized lottery.
However, every country has laws regulating lotteries, and although we negotiated with the organizations that issue lottery licenses in each country, we were unable to obtain a license.

We are shutting down this business and will open source all source code.


official web

Random number generation on a blockchain that cannot be gamed are incredibly hard. While lotteries are certainly a popular gambling mechanism, you would need to use a VDF to secure it and those are largely theoretical still.