First of all you can buy copper membership to make the announcement thread more beautiful and attractive for passerbys.
Done, and the thread has been rebuilt since you posted. Thanks for the nudge, extremely helpful!
I didn't see the conditions of the deposit and withdrawal. You have to add it so that gamblers will not go and do another things to violate the casino. And there is no KYC comment there. You have to break down the procedure of getting done with the KYC. It is not clear on the ToS.
Fair point, and thanks for reading the terms rather than just the thread. The rules existed but were spread across the FAQ and the wallet, so I've moved them into the terms themselves. Section 6 now states them in one place:
- Purchases: Gold Coin bundles bought with BTC, ETH, TRX, USDT or USDC. Purchases are final.
- Redemptions: 50 SC minimum per request, 1x playthrough on promotional SC, paid out in your choice of BTC, ETH, TRX, USDT or USDC to a wallet you provide, within 1-3 business days of approval. A fixed processing fee per currency and network is shown before you confirm.
- Verification: only before your first redemption, not to play. Government photo ID plus proof of address, uploaded from Settings. Review normally finishes within 24 hours.
Live now at
https://lagoon.bet/terms-and-conditions, effective date September 9.
Is the Gold Coin your token?
No. Neither coin exists on any chain, and section 5 of the terms now makes this clear. Gold Coins and Sweeps Coins are balances on your account. They can't be sent to another player or to an external wallet. Crypto is only used to buy Gold Coin bundles and to pay out redeemed Sweeps Coin prizes.
If you are requesting for KYC then where is your registration and license numbers?
Another update to the terms. Registration: Undercurrent Holdings LLC, a Wisconsin limited liability company, Wisconsin DFI entity ID U026421. It's in the contracting-party line at the top of the terms.
There is no gaming license, and that isn't an oversight. Lagoon runs on the sweepstakes model, the same two-coin setup as Stake.us, under state sweepstakes law rather than a casino license. The "What it is" section of the first post covers how that works and why it limits us to 29 states. We only just launched, and the US is the first market. Expanding to other countries is the plan, and that will mean licensing in whatever jurisdictions we enter, which I'll announce here when it happens. KYC isn't tied to a license either. It's what any prize sweepstakes does before paying a winner: confirm age, state of residence, and that the prize goes to the right person, plus AML checks because payouts are in crypto.
Your announcement thread needs to be more professional—though, of course, that isn't mandatory, and having your current thread doesn't mean you can't land clients. People prefer simplicity: depositing, playing, and withdrawing using the coins they like. You've made things overly complicated, so I honestly doubt this approach will attract many clients; that might well be the main reason your thread isn't getting much attention from forum members.
Fair on the thread. Based on the feedback I received and the option to support Bitcointalk with the copper membership, I've rebuilt the first post since you wrote this, and the terms you quoted have been expanded too; the details are in my reply to Agbe above. On simplicity, you're right that deposit, play, withdraw is easier, and most of this board should use a site that works that way. Lagoon.bet exists for the one market where that isn't a lawful option, US players, so the two-coin structure isn't a design choice I could have skipped. It's the same setup Stake.us and every other US sweeps site uses, and for that audience it's the familiar one.
I didn't see a license for your casino, so I assume it isn't licensed, which means it operates illegally; yet, you require KYC. If you had a license, I'd agree with the KYC requirement, as you'd need to comply with the laws of the licensing jurisdiction—that's one of the conditions set by licensing bodies, if I'm not mistaken. But operating without a license while also not requiring KYC makes no sense. You aren't under any country's jurisdiction, and it would be easier for the government to punish your casino for lacking a license than for failing to require KYC.
Correct that there's no license; the why is in the reply above. The part I'd push back on is "not under any country's jurisdiction". Lagoon.bet is operated by a Wisconsin LLC under US state sweepstakes law, in the 29 states where that model is permitted. That's a real government with a real address for us, and it's the framework the KYC serves. Unlicensed doesn't mean unregulated.
We do plan to expand to other markets, so it's always beneficial to have a finger on the pulse of what people are looking for. I also posted here for the fairness side (using cryptography for verification), and for the fact that crypto is used for purchases and redemptions.
I just started exploring your casino, and one feature immediately caught my eye: your freeroll 'Friday Poker Tournaments'.
Awesome! And thanks for the welcome. The freeroll is No-Limit Hold'em, free entry, 100 SC added to the prize pool. Tournaments never seat bots, so it's a good place to learn the game and win some pots! If you're free this Friday evening (9/11) around 8pm Central / 9pm Eastern, drop on by. Lots of fun to be had and plenty of new players just trying it out.
I agree with what's been said. OP, take a look at the ANNs from the other casinos on this forum—especially the ones that have been around for many years and have been very successful—and compare them to this one. If you intend to compete with them and build a customer base on the forum, you'll need to do better than this.
100% fair critique! The first post has been rebuilt since the first two replies came in.
This is crucial. In fact, an unlicensed casino that requires KYC sounds like a scam. Typically, as long as you're depositing and losing, they won't ask for it, but as soon as you win and try to withdraw, they will. I recommend that everyone stay away from unlicensed casinos that require KYC.
The pattern you describe is real and I'd warn people off it too: no verification while you lose, then a surprise document request the moment you try to cash a win, with the goalposts moving until you give up.
Here's why that isn't what's happening here:
Verification is open from day one. You can complete it in Settings before you've purchased or played anything, and I'd encourage anyone who intends to redeem to do exactly that. The documents are fixed and listed in section 6 of the terms: a government photo ID and proof of address, nothing more. Review normally finishes within 24 hours. A site running the scheme you describe can't offer verification up front, because the whole trick depends on the request arriving after the win.
The reason it exists at all: this is a US sweepstakes site, the same two-coin model as Stake.us and every other US sweeps operator, and all of them verify identity before paying a prize. It's how you confirm the winner is 21+, lives in a permitted state, and is the person the prize goes to. It's not a licensing condition; it's how prize sweepstakes have always worked. The model and why it's unlicensed are in the "What it is" section of the first post and my reply to Agbe above.
I understand that's a claim from the operator, so here's the offer. Any US member who wants to test the full cycle, verify, play, redeem, and post the result here, good or bad, is welcome to, and I'll answer questions about it in the thread. On the operator side, redemptions are reviewed and paid within 1-3 business days, as reflected in the updated terms.
