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About Megapot
Megapot is a daily onchain lottery on Base with tickets around $1, draws generated from verifiable randomness and prizes and draws auditable onchain. It targets traditional lotteries with opaque draws, slow settlement and operator margins that cannot be checked.
The mechanism holds one draw daily, with one-in-four winning odds covering small prizes, contracts audited by multiple firms and randomness supplied by a decentralized oracle to prevent operator manipulation. A jackpot of about $213,000 was paid on September 13, 2026. Objectively, this is negative-expected-value gambling — sustained participation loses money by construction — and it is restricted or requires identity checks in many jurisdictions. Prize size depends on sales in that round and shrinks when sales fall.
Founded in January 2024 by Patrick Lung, Megapot launched as an on-chain lottery protocol on Base, aiming to create a global lottery with a single shared jackpot.
In 2024, the project's initial experiment attracted players from 124 countries, validating cross-border demand. By early 2026, Megapot had recorded 19 jackpot winners, with the largest single payout reaching approximately $207,000.
On March 26, 2026, Megapot announced a $5 million pre-seed round led by Dragonfly, with participation from Coinbase Ventures, Bankless Ventures, and founders of FanDuel, Betfair, and MyPrize. The same week, it launched a fully rebuilt global lottery platform, expanding ticket purchases to over 150 countries while remaining unavailable in ~30 jurisdictions including the US, UK, and France.
The funding supports global expansion and the development of an open protocol that allows third-party developers and gaming operators to build on Megapot's infrastructure, positioning it as a potential infrastructure layer for cross-border blockchain lotteries.
In March 2026 Megapot closed a $5 million pre-seed round led by Dragonfly with participation from Coinbase Ventures and Bankless Ventures. Built on Base, it runs daily draws with roughly $1 USDC tickets, drawing at 17:00 UTC daily with verifiable randomness from Pyth Entropy; by September 13 it had produced its 20th jackpot winner, paying $213,017.16.
From September 22 to October 21, Megapot partnered with Polyfox, a Telegram trading terminal for Polymarket, so that every $1 of trading volume there becomes one ticket in that day's draw, with three tickets drawn daily and prizes of over $200,000.
Future strategy and roadmap: The forward strategy keeps daily draws running and opens a developer SDK at megapot.io/build so any product can embed the jackpot mechanic into its own metrics such as trading, deposits and referrals, while liquidity providers seed the prize pools.
Patrick Lung — Founder; previously at Microsoft, Lyft and Uniswap, founded Megapot in January 2024 to bring the lottery onchain.
Brian Weickmann — Co-founder; previously at Peer (formerly ZKP2P) and Set Protocol.
Andrei Taraschuk — Engineering Lead, ex-Agora and Broadcom;
Chuck Bergeron — Engineer, ex-PoolTogether;
Greg Leuch — Engineer, ex-BuzzFeed and betaworks.