keccers
@keccers.eth
A lady is using this raffle ticket website to sell her house. She can make more money from tickets than it’s fair value Seems like a use case tailor made for crypto but it isn’t using crypto https://raffall.com/en https://www.nytimes.com/2025/05/20/realestate/ireland-house-raffle.html?smid=nytcore-ios-share&referringSource=articleShare
11 replies
0 recast
39 reactions
Patrick | Megapot
@pl
chiming in as a crypto builder building onchain jackpots at /megapot: we in crypto continually overestimate the value of the onchain aspect. getting a provably fair drawing is the easy part it's really the rest of the business that's hard and valuable - building a viable marketplace, figuring the niche to get started with, building the branding to attract both ticket buyers and house/asset listers, operating with a long enough track record (they've been around for 10 years!) that skeptics can be persuaded, and getting to legal clarity or at least into the grey area with a written legal opinion. even then, Omaze (https://omaze.co.uk/pages/cotswolds-v) has been doing this too for years, had to pull out of the US due to legal. thanks for sharing this article! it's fascinating. always interesting that the UK does most of this experimentation. it has insanely high lottery participation rates (80% of adults) and high demand for prize-linked savings accounts (think pooltogether)
3 replies
0 recast
6 reactions
jayme
@jayme
wild "To date, he said, 18 houses have been sold on the platform, “meaning they hit their sales targets and legally transferred the properties to the winners. Roughly 50 others tried but didn’t reach their targets.” He said gross ticket sales have varied between £400,000 and £960,000 ($530,000 and $1.28 million)." no paywall https://archive.ph/L1IHc
2 replies
0 recast
6 reactions
MattwithouttheT 🎩
@mathew.eth
My son literally pitched to me a similar idea a couple weeks ago after I explained to him how the state lottery works! I’m going to have to show them this! 😄
2 replies
0 recast
5 reactions
Marcela
@laursa.eth
oh my god i am leaving money on the table
1 reply
0 recast
2 reactions
meta-david 💥| Building Scoop3
@metadavid
Maybe I should clank(er) my house for ambiguous utility 🤔
1 reply
0 recast
1 reaction
cody
@codyb.eth
agreed and bullish on this becoming more of a thing. I think the main friction of doing this in the US is legal. Anyone can give away things for free but once there is a price to play you encounter both federal and state laws. they are already hacking the law in England to make this a "competition" vs raffle
1 reply
0 recast
1 reaction
agrimony↑🎩
@agrimony.eth
@0xdesigner for gregslist
0 reply
0 recast
2 reactions
kagami
@kagami
cc: @pl definitely a use case that could benefit from an onchain raffle as a service product
1 reply
0 recast
1 reaction
Elias VM
@eliasvm.eth
But no because of the main consensus that: crypto = gambling, scam internet raffle = legit, life-chang op
0 reply
0 recast
0 reaction
