How MidasLotto Works
Last Updated: October 31, 2025
At MidasLotto, we believe in complete transparency. We want you to understand exactly how our raffle draw platform operates, how winners are selected, how funds are managed, and how we ensure fairness at every step.
This Transparency Report provides detailed information about our operations, draw mechanics, financial practices, and commitment to integrity.
MidasLotto operates under an interactive gaming license issued by Nigerian regulatory authorities. This license authorizes us to conduct raffle draws and ensures we comply with all applicable gaming laws and regulations in Nigeria.
We are subject to regular audits and oversight by regulatory bodies to ensure compliance with:
Users purchase entries for specific raffle draws. Each entry is assigned a unique identification number. The more entries you purchase, the higher your chances of winning—but every entry has an equal probability of being selected.
Winners are selected using a certified random number generator (RNG) that has been independently tested and verified for fairness. The RNG ensures that every entry has an equal chance of winning, and outcomes cannot be predicted or manipulated.
All draws are conducted at the scheduled date and time published on the platform. Draw results are recorded and cannot be altered after completion. The draw process is monitored and logged for audit purposes.
Winners are immediately notified via email and platform notification. Winner information is verified before prize distribution to ensure legitimacy and prevent fraud.
All entry prices are clearly displayed in Nigerian Naira (NGN) before purchase. Prices include any applicable transaction fees. There are no hidden charges.
For each raffle draw, a specific percentage of entry revenue is allocated to the prize pool. The exact percentage and prize amounts are disclosed for each draw. Prize pools are held in segregated accounts and cannot be used for operational expenses.
All payments are processed through Paystack, a licensed and regulated payment processor in Nigeria. We do not store your full payment card details on our servers.
Winners receive their prizes via direct bank transfer to their registered bank account. Payouts are typically processed within 24-48 hours of winner verification. We maintain detailed records of all prize distributions.
Our random number generator and draw processes undergo regular independent audits by certified third-party testing agencies. These audits verify that our systems operate fairly and in accordance with industry standards.
We employ advanced fraud detection systems to identify suspicious activities, including multiple accounts, collusion, and automated entry purchases. Accounts found to be engaging in fraudulent activity are immediately suspended and reported to authorities.
MidasLotto employees and their immediate family members are prohibited from participating in raffle draws. This policy ensures there is no conflict of interest or insider advantage.
Complete records of all draws, including participant lists, winning entries, and timestamps, are securely stored and available for regulatory inspection. These records cannot be altered or deleted.
All data transmitted between your device and our servers is protected using industry-standard SSL/TLS encryption. Your personal and financial information is encrypted both in transit and at rest.
We comply with the Nigerian Data Protection Regulation (NDPR) 2019. We collect only the data necessary to operate our services, and we never sell your personal information to third parties.
Access to user data is strictly limited to authorized personnel who require it for legitimate business purposes. All access is logged and monitored for security.
Transparency is at the core of everything we do at MidasLotto. We are committed to:
If you have questions about our operations or transparency practices, please don't hesitate to contact us. We're here to ensure you have a safe, fair, and enjoyable experience on MidasLotto.
MidasLotto is a licensed interactive gaming platform operating in Nigeria.
Play responsibly. Must be 18 years or older to participate.
Transparency builds trust. Fair gaming is our promise.