The post Crypto whales abandon offshore betting for regulated US sweepstakes: the rise of ‘Stackz’ appeared on BitcoinEthereumNews.com.

Facing a surge in account freezes, sophisticated blockchain forensics, and strict enforcement from US exchanges, crypto traders are migrating en masse to US-based sweepstakes platforms.
Leading this charge is Stackz, a next-generation platform that combines the leverage of crypto gaming with the safety of US consumer protection laws.
Platforms like Stackz to offer a casino-style experience with real crypto payouts without violating federal gambling prohibitions like UIGEA
For over a decade, the “Wild West” of offshore cryptocurrency casinos was the playground of choice for high-volume traders. Lured by the promise of anonymity and instant liquidity, thousands of US-based crypto enthusiasts flocked to unregulated platforms in jurisdictions like Curaçao and Costa Rica. But the golden age of offshore gambling is ending abruptly, replaced by a compliant, domestic alternative: the sweepstakes casino. Facing a surge in account freezes, sophisticated blockchain forensics, and strict enforcement from US exchanges, crypto traders are migrating en masse to US-based sweepstakes platforms. Leading this charge is Stackz, a next-generation platform that combines the leverage of crypto gaming with the safety of US consumer protection laws. The “KYC Trap” and the end of offshore anonymity The catalyst for this migration is a crackdown on the financial rails that support offshore gambling. While many offshore sites market themselves as “No-KYC” (Know Your Customer) havens, user reports indicate a growing trend of predatory compliance practices designed to trap player funds (source). “It’s a bait and switch,” says one high-volume trader who requested anonymity. “You deposit Bitcoin instantly without an ID. But the moment you try to withdraw a six-figure win, the account is frozen for ‘security reviews.’ They demand a passport and utility bill. If you show them a US ID, they ban you for violating terms of service and keep your funds.” This “deposit-triggered” freeze…

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Filed under: News - @ November 26, 2025 5:25 pm