What Megapot does

Megapot is a blockchain-based global internet lottery platform incorporated in Belize as Megapot Inc., with a San Francisco notice address and a remote team of 1–10 employees. The company runs a single shared jackpot accessible from 160+ countries (excluding approximately 30 jurisdictions including the US, UK, France, Germany, and Canada), with daily draws and a stated 1-in-4 ticket win rate. Tickets are priced at $1 and purchased with cryptocurrency through connected digital wallets, with the underlying platform operating exclusively on Base, an Ethereum Layer 2 network, to keep transaction fees low relative to Ethereum mainnet.

The product stack comprises the consumer-facing Megapot Global Lottery Platform (ticket purchase, results, winnings claim), a Liquidity/Backer module that allows USDC depositors to fund the prize pool and earn approximately 9.80–14.63% APY (a 12.5% share of every ticket sold), and a developer ecosystem consisting of a Data API, JavaScript SDK, AI Agent Skills documentation, a Starter Kit, and a smart contract suite (Jackpot, JackpotTicketNFT, JackpotLPManager, BatchPurchaseFacilitator, JackpotAutoSubscription, ScaledEntropyProvider, etc.). Add-on modules include Points, VIP, Autosubscribe, and Batch Purchase. The company holds an Anjouan gaming license (ALSI-202510018-FI1, valid October 2025–October 2026) and Risk Cherry RNG certification, and reports four completed security audits.

Megapot monetizes primarily through ticket-purchase transaction fees that accrue to the liquidity provider position and grow the jackpot, with a secondary yield component paid to backers. Distribution is product-led and self-serve via web and mobile, amplified by an 8%-matched referral program and active community channels on X/Twitter and Telegram. In March 2026 the company raised a $5 million pre-seed round led by Dragonfly with participation from Coinbase Ventures, Bankless Ventures, and founders of FanDuel, Betfair/Flutter, and MyPrize, earmarked for global expansion, new game experiences, and developer ecosystem growth. Since launch in 2024, the platform has produced 19 jackpot winners and currently shows a prize pool above $1.1 million.

Name

Megapot

Legal name

Megapot Inc.

Website

https://megapot.io

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Megapot is a blockchain-based global internet lottery platform built on Base (Ethereum L2), offering a single shared $1-ticket jackpot accessible from 160+ countries to crypto-native consumers, with a developer-facing API and SDK for third-party integrations.

Ownership category

akta.pro rank

Product category

Online Cryptocurrency Lottery

NAICS

Other Gambling Industries (713290), Other Gambling Industries (71329)

akta.pro primary industry

Digital Lottery & iLottery Platforms (Web/App) (MPAEAFAD)

akta.pro secondary industries

Lottery Operators (Government & Private Licensed) (MPAEAFAA), Lottery Second-Chance, Loyalty & Rewards Platforms (MPAEAFAM), Lottery Payments, Wallets & Cashing Solutions (MPAEAFAH)

Keywords

• Online lottery platform
• Crypto lottery games
• Blockchain jackpot
• Decentralized gaming
• Liquidity-backed prizes

Headquarters

HQ city

Orange Walk

HQ country

Belize

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Ticket Purchase Fees: Players pay fees to participate in jackpots. Fees accrue to the liquidity provider position and grow the jackpot. This is the primary revenue stream from player activity.
2. Liquidity Provider Share: Backers/liquidity providers earn 12.5% of every ticket sold when they fund the prize pool. Depositors earn approximately 9.80-14.63% APY.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Megapot operates a global onchain lottery platform built on Base (Ethereum Layer 2), enabling users in 160+ countries to purchase $1 lottery tickets using cryptocurrency. The platform features a single shared jackpot (over $1 million), 1-in-4 ticket win odds, provably fair onchain randomness, daily drawings, and a liquidity pool system that allows backers to earn ~9.80-14.63% APY from ticket sales revenue.

Product overview

Megapot operates a global onchain lottery platform built on Base (Ethereum Layer 2), offering a single shared jackpot accessible to players from 160+ countries. The platform consists of the main Megapot Global Lottery Platform for ticket purchasing and results, the Liquidity module enabling depositors to earn as the house, and a comprehensive developer ecosystem including Data API, AI Agent Skills, and smart contract suite. Additional features include Points Program, VIP Program, Autosubscribe, and Batch Purchase modules. The company also maintains a V1 Legacy platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Megapot Global Lottery Platform The primary onchain global lottery platform enabling users from 160+ countries to purchase $1 tickets using cryptocurrency, with jackpots over $1 million, daily drawings, 1-in-4 ticket win odds, and provably fair onchain randomness.
• Liquidity Provision (Earn as the House) Yield-bearing service allowing USDC depositors to back the Megapot prize pool and earn approximately 9.80-14.63% APY by receiving 12.5% of every ticket sold as the 'house'.
• Megapot Developer Platform (Data API & Smart Contract Suite) Developer-facing platform enabling third-party gaming operators and app developers to integrate Megapot lottery ticket distribution via Data API, JavaScript SDK, AI Agent Skills, Starter Kit, and Smart Contract Suite (Jackpot, JackpotTicketNFT, JackpotLPManager, PayoutCalculator, etc.) to increase user retention and revenue.

Quantifiable outcome

• 1 in 4 tickets win a prize (25% win rate)
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Feature5 records

Partnerships

One partnership is on record.

• Base (Coinbase L2)coreTechnology or Integration · 27 March 2026Megapot operates exclusively on Base, an Ethereum Layer 2 network built by Coinbase. This enables low transaction fees and fast processing compared to Ethereum mainnet.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Lottoland: Lottoland is an established online lottery betting operator allowing players to bet on the outcomes of major global lotteries. It addresses the same 'global lottery access' pain point as Megapot but via a regulated fiat-based model rather than crypto.
• Jackpot.com: Jackpot.com is a licensed online lottery courier and aggregator in the US, letting users order official state-lottery tickets via app. It competes for the same 'convenient digital lottery' use case but within regulated US state frameworks.
• Rollbit: Rollbit is a crypto casino and sportsbook offering tokenized games and yield-bearing features. Overlaps with Megapot in combining crypto-native yield mechanisms with chance-based gaming products.
• BC.Game: BC.Game is a large crypto casino and gaming platform offering lottery, dice, and slots games to a global crypto audience. Competes for the same crypto-gambler wallet share as Megapot across similar geographies.
• The Lottery Office: The Lottery Office enables players outside the US to bet on US lottery outcomes via licensed offshore betting. Similar 'international access to jackpots' positioning to Megapot, though operating in regulated fiat betting rather than crypto.

Others

• Uniswap: Uniswap is the foundational Ethereum DEX where Megapot's founder Patrick Lung previously worked. While not a lottery, it is the canonical example of a smart-contract-based protocol that became financial infrastructure — directly relevant to Megapot's platform-as-infrastructure ambitions.

Direct peers

• PoolTogether: PoolTogether is the original no-loss / prize-linked savings protocol on Ethereum, using DeFi yield to fund lottery jackpots. Direct conceptual ancestor of Megapot, and a Megapot team member (Chuck Bergeron) is a PoolTogether alumnus.
• Lucky Block: Lucky Block operates a crypto-based global lottery and NFT-jackpot platform, targeting similar cross-border players with crypto-funded prize pools and is one of the most directly comparable crypto-lottery competitors to Megapot.
• MyPrize: MyPrize is the fastest-growing social casino in the US, offering sweepstakes-style gaming with cash prizes. Megapot angel investor Zach Bruch founded MyPrize, making it a closely related social-prize-gaming business targeting similar player demographics.

Emerging players

• Jumbo: Jumbo is a crypto gaming platform offering lottery-style and chance-based games on blockchain. Smaller emerging crypto-native lottery competitor with overlapping technology stack and similar target audience of crypto-natives.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/megapot

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Megapot