Official Sweepstakes Rules

Last updated: February 14, 2026

Status: Under Legal Review

The short version

Free to play. No purchase necessary. 18+. Void where prohibited.

⚖️ Legal Compliance Document

We're working with legal counsel to finalize our Official Sweepstakes Rules to ensure full compliance with state and federal sweepstakes laws across all 42+ eligible US states. This is a critical legal document and requires attorney review.

🚫 NO PURCHASE NECESSARY

VOID WHERE PROHIBITED BY LAW. Anchor is a sweepstakes-based prediction platform, not a pay-to-play game of chance. You can participate for free using Anchor Pearls. Anchor Cash is prize-eligible but can also be obtained without purchase through alternative methods of entry (AMOE).

What the Official Rules Will Cover

  • Eligibility: Age (18+), state restrictions, void where prohibited
  • Entry Methods: Free entry (Pearls) and prize-eligible entry (Cash)
  • Alternative Method of Entry (AMOE): How to participate without purchase
  • Sweepstakes Period: Start and end dates for each contest
  • How to Play: Making predictions, market mechanics, scoring
  • Prizes: Prize descriptions, approximate retail value (ARV), delivery
  • Chances of Winning: How winners are determined, probability disclosure
  • Winner Selection: Timing, notification process, claiming prizes
  • Taxes and Withholding: IRS Form 1099, winner responsibilities
  • Limitations: One account per person, household limits, restrictions
  • Disqualification: Prohibited conduct, cheating, automated entries
  • Governing Law: Jurisdiction, dispute resolution, arbitration
  • Sponsor Information: Legal entity, contact details, state registrations

Key Legal Distinctions

Sweepstakes vs. Games of Chance

Anchor operates as a sweepstakes, which is legally distinct from pay-to-play games of chance:

✅ Legal Sweepstakes

  • • No purchase required
  • • Free method of entry
  • • Skill + chance combined
  • • Prizes awarded
  • • Regulated by sweepstakes law

❌ Pay-to-Play Games of Chance (We Are NOT)

  • • Purchase required (consideration)
  • • No free alternative
  • • Pure chance
  • • Payouts, not prizes
  • • Regulated by gaming law

Eligibility Overview

While our complete rules are being finalized, here are the general eligibility requirements:

  • ✓ Must be 18 years of age or older
  • ✓ Must be a legal resident of an eligible US state
  • ✓ Void in states where prohibited (to be specified in final rules)
  • ✓ One account per person, per household
  • ✓ Employees of Anchor and immediate family members may be excluded
  • ✓ Must comply with all federal, state, and local laws

State-Specific Compliance

Sweepstakes laws vary by state. Some states (e.g., New York, Florida, Rhode Island) have additional registration and bonding requirements for sweepstakes with prizes exceeding certain thresholds. Our Official Rules will include:

  • • State-by-state eligibility list
  • • Registration numbers (where required)
  • • State-specific disclosures and limitations
  • • Prize value thresholds and reporting

Questions About the Rules?

📧 Email: legal@anchor.com

For questions about eligibility, prizes, or sweepstakes compliance, contact our legal team. Complete Official Rules will be published shortly.

Important Notice: Participation in Anchor sweepstakes is subject to the complete Official Rules, which are currently under legal review. You will be notified when the final rules are published and may be asked to acknowledge your understanding and agreement before participating in prize-eligible contests.