Doing some research on decentralized gambling and we all know about the dice sites, but has there been any lottery applications or websites that take in users funds and then redistribute them back out if they guess the numbers correctly whereby winning other users money?

  • If so, how big did the jackpots get in this scenario?

  • What are the regulations behind running a public lottery in Bitcoin/altcoin?

  • Which one is the longest running lottery bitcoin site thus far?

  • Have there been solutions to create a decentralized lottery system where the middle man is not needed?

  • What are the regulations...? Too broad. Every jurisdiction in the world (potentially) has its own. – Nate Eldredge Aug 12 '16 at 15:56
  • That is true. But who are they going to go after if its decentralized and no one owns it? – Patoshi パトシ Aug 12 '16 at 16:38

Bitcoin mining itself is a lottery.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.