We are aware of the recently discovered CloudFlare bug. Although the impact to our services was non existent, it is recommended that all users change their passwords and app owners regenerate their secret keys.

For Users

What is MoneyPot?

MoneyPot is a bitcoin web wallet that lets you manage your funds across many MoneyPot casinos. Or maybe you just want to use MoneyPot as nothing more than a web wallet. That's cool, too.

Why use MoneyPot?

Why should we trust you?

What does it mean to deposit money into an app? What is my app balance?

To keep applications firewalled from your Moneypot wallet, Moneypot requires you to "deposit" bitcoin into an app before you can use/spend it at that app. If you have 1,000 bits deposited in an app, then the app only has access to those 1,000 bits. When you're done with an app, simply withdraw the app balance back into your Moneypot wallet. Alternatively, you can simply disable an app which will prevent that app from accessing the funds you're deposited in it. You can always re-enable the app in the future.

You only want to deposit money into apps that you trust. However, even if you trust an app's owners, you still want to minimize the amount of money you have deposited into apps. Imagine if an attacker breaches an app's database or finds an exploit that gives them access to your balance at that app. Or imagine if the app owner left their app's database password on a post-it-note near their computer and their roommate gained access to their server. Moneypot has no control over these scenarios, but you have control over the amount of bitcoin you risk at an app.

The point is that you need to remain vigilant about limiting the amount of risk you expose your money to. Since apps are created and managed by users, Moneypot cannot guarantee that apps are written securely. In other words, Moneypot does not know if an app has any security holes or not that, for example, would allow an attacker to spend your balance with that app. Moneypot does not know if an app owner has their database password sitting out on their desk.

Understanding these risks is crucial.

What does "Domain Not Verified" mean for an app?

When someone makes a Moneypot app, it starts off "unverified". This is because anyone can create an app and then give it the name of an existing, genuine casino. This malicious owner can then try to convince other users to deposit money into their imposter casino, deceiving others into thinking that they are depositing money into the genuine, trusted casino with the same name.

To prevent this sort of abuse, we verify the ownership and authenticity of genuine casinos. All this means is that we have ensured that a casino is not an imposter of another casino with the same name and that you can be sure that this app named "Better Bets" (for example) is the app that you think it is.

Apps have a red "Domain Not Verified" warning displayed next to their name until they are verified. Manage your trust accordingly.

Note: when we verify a casino, it does not mean that we personally vouch for the casino. It does not mean that the casino will not be malicious down the road.

Cold-Addresses

Read regarding deposits and cold addresses here. https://www.moneypot.com/cold


For Investors

What is the investment option?

MoneyPot gives you the option to invest, however it's not an equity investment but rather a bankroll one. You invest and own a % of the bankroll, which allows gamblers to bet against it. If they win, the bankroll get smaller, if they lose, the bankroll increases, but your stake remains the same. You may invest or divest at anytime, there's no minimium investing time.

How risky is this?

Extremely. You are risking your entire investment amount, and you should never invest more than you would be ok with losing. Furthermore, your risks are compounded by counter-party risks. You have no way of knowing we won't steal all your money (even though we promise not to), or that there isn't an abusable weakness that would allow an attacker to unnoticed drain the bankroll. There are a lot of nighmare possibilities, invest accordingly

What bets do you accept against the bankroll?

We only accept +EV bets. Currently, the max win is set to 20 Bitcoin.

What commissions do you charge?

MoneyPot charges 20% commission on the house edge of all wagered bets. Furthermore to this, all apps are paid a commission of up to 50% of the house edge. So this means if someone bets 1 BTC with a house edge of 1%, from the investors perspective it is much more similiar to a 0.3% house edge bet, as the investors give the app half the house edge (in this case 0.005 BTC) in comission and 20% of the house edge to Moneypot.

Can I risk more or less?

You currently can not risk more. You can however risk less by investing less. Newer options will be available in the new release.

Where are the investment funds held?

We use a multi-sig wallet for handling the majority of funds held in cold storage. For more information please see https://www.moneypot.com/proof-of-assets.txt


For App Developers

What does MoneyPot offer?

We offer app developers quite a lot, so you can focus building a great app. Our service handles:

How much do you charge?

MoneyPot is 100% free, both for users and app developers. Not only this, but we'll pay you! App developers get paid 50% of the house edge on all bets against our bankroll, assuming that does not push investors over our bet acceptance terms.


For ALL

Our current official support email is [email protected]

Moneypot has support available full-time weekdays from 2:30PM GMT - 10:30PM GMT at https://www.moneypotsupport.com