How Freebie works

Five steps from deposit to prize. Here's the full picture.

01
Deposit dollars
You deposit any amount (minimum $1, no maximum) into Freebie. Your money is held securely and is always available to withdraw.
02
Get chances
You receive 1 chance per dollar deposited. Chances determine your odds in each draw. More chances = better odds.
03
Your deposit earns returns backed by US Treasuries
While your money sits in Freebie, it earns returns from lending markets backed by US Treasuries, the safest asset in the world. Those returns build up into the prize pool. For more on how this works, see technical details.
04
Prize draw
Once the prize pool hits a minimum amount, a draw happens. One chance is selected at random using a verified, tamper-proof process. The winner receives the entire prize pool.
05
Withdraw anytime
Your deposit is always available. Win or lose, your money stays yours.