BitGo Bitcoin Sweepstakes Disclaimer
BITGO BITCOIN SWEEPSTAKES
OFFICIAL RULES
DECEMBER 2, 2024
NO PURCHASE NECESSARY.
PARTICIPATION IS LIMITED TO LEGAL RESIDENTS OF THE 50 UNITED STATES & THE DISTRICT OF COLUMBIA.
VOID WHERE PROHIBITED.
THIS PROMOTION SHALL BE CONSTRUED ACCORDING TO AND GOVERNED EXCLUSIVELY BY U.S. LAW.
1. Eligibility: BitGo – Bitcoin Sweepstakes (the “Sweepstakes” or “Promotion”) is open only to legal residents of the fifty (50) United States and the District of Columbia who are at least 18 years old, or the legal age of majority in their jurisdiction of residence, subject to the terms of the Promotion. A PURCHASE OR PAYMENT OF ANY KIND WILL NOT INCREASE YOUR CHANCES OF WINNING. The Sweepstakes, subject to these Official Rules, is sponsored by BitGo, Inc. (the “Sponsor”) and administered by the BitGo Trust Company, Inc. (the “Custodian” or the “Administrator”), their parent, affiliates, subsidiaries, promotion agencies and each of their respective directors, officers, employees and assigns (collectively “Released Parties” or “BitGo”) and their immediate family members and/or those living in the same household of each (whether related or not) are not eligible. For purposes of this Promotion, the term “family member” is defined as spouse, partner, parent, legal guardian, in-law, grandparent, child, or grandchild. Each eligible entrant must finance their cold custody account with the Custodian (“Custodial Account”) and hold funds with Custodian through 5:00pm on the day before each applicable drawing as noted below in Section 5. The Sweepstakes is subject to all applicable federal, state and local laws and regulations. Void where prohibited. Participation constitutes entrant’s full and unconditional agreement to these Official Rules and Sponsor’s and Administrator’s decisions, which are final and binding in all matters related to the Sweepstakes. Winning a prize is contingent upon fulfilling all requirements set forth herein.
2. Prize: One (1) winner will each receive one (1) full Bitcoin (the “Prize”) once per quarter, in accordance with Section 5.
Estimated total retail value of the Prize is approximately $95,000 USD per drawing, but is subject to fluctuations in the price of Bitcoin.
All Prize values stated herein are in USD. The Prize will be fulfilled via an upload of Bitcoin to the winner's custodial account. Access to the Prize is subject to the BitGo terms available at https://www.bitgo.com/legal/services-agreement/ and https://www.bitgo.com/legal/bitgo-terms-of-use/ as may be amended from time to time in Custodian’s sole discretion. Restrictions may apply. Fees apply when you buy and sell digital currency on the BitGo site and sales will occur through an affiliate of BitGo. Cryptocurrency conversions from Bitcoin to US Dollars are treated as cryptocurrency “sales”, and all the foregoing transactions are consummated at the price agreed between you and us from time to time. Value of the Prize is determined by Sponsor’s set rate on a date and time selected by Sponsor at its discretion prior to upload of Prize to the winner's custodial account.
DISCLOSURE: THE VALUE OF BITCOIN IS SUBJECT TO CHANGE, IT CAN GO UP OR DOWN AND THERE CAN BE A SUBSTANTIAL RISK THAT IT COULD LOSE VALUE (POSSIBLY ALL VALUE) AS A RESULT OF BUYING, SELLING, OR HOLDING BITCOIN.
The Prize is non-transferable and no substitution will be made except as provided herein at the Sponsor’s sole discretion. Sponsor reserves the right where lawful to substitute the Prize for one of equal or greater value if the designated Prize should become unavailable for any reason. The Prize consists of only the items specifically listed as part of the Prize. In no event will more than the stated number of Prizes be awarded. The winner is solely responsible for any/all applicable federal, state and local taxes and any other expenses related to the acceptance and use of a prize not specified herein. Prize details not specifically stated in these Official Rules will be determined in Sponsor’s sole discretion. Sponsor is not responsible for, and will not replace, any lost, damaged or stolen Prize or Prize component or any Prize that is undeliverable. The winner acknowledges that Sponsor is subject to U.S. economic restrictions and trade sanctions; as such, Sponsor reserves the right to deny distribution of any Prize when required by applicable law. Participants waive the right to assert as a cost of winning the Prize, any costs associated with claiming or seeking to claim the Prize, or using the Prize.
3. Timing: The Promotion begins on December 2, 2024 at 5:00 p.m. Eastern Time ("ET") for all eligible entrants outside of New York and Florida. This Promotion will be updated to include residents of New York and Florida as eligible entrants if and when allowed by law. The Promotion ends on December 31, 2025 at 10:00 a.m. ET (collectively with all the dates mentioned in this Section 3, the "Promotion Period") for all eligible entrants. Administrator’s computer system is the official time-keeping device for the Sweepstakes.
4. How to Enter:
Two methods of entry:
Method 1: Each entrant must create a Custodial Account and use the services provided by the Custodian.The entrant must provide Custodian with all information requested. Based on the information provided (or not provided), Custodian may, in its sole discretion, refuse to allow the entrant to establish a Custodial Account, limit the number of Custodial Accounts, or decide to subsequently terminate a Custodial Account. To the extent that an entrant creates and funds a custodial account, the entrant will not be charged custodial fees for six months from the start of the Promotion. Upon completion of setting up and funding a Custodial Account (including Administrator and Sponsor verification) earn one (1) entry into the Sweepstakes. Additional services from BitGo may incur fees. By submitting your information and creating an account, you agree to the respective terms of use and privacy policy. If you do not agree to such terms of use, you cannot create a respective Custodial Account, and will be ineligible to receive the Prize.
Method 2: To enter via mail, hand write the following on the front of a 3x5 card, your name, address, city, state, zip, e-mail address, telephone number and date of birth. Insert single card in an envelope and mail with sufficient postage to: BitGo, Inc., 2443 Ash St, Palo Alto, CA 94306 – return address and mailing address on envelope must be handwritten. Mail-in entries must include all requested information (as stated above) to be considered an entry. Mail-in entries must be postmarked by January 4, 2024; March 29, 2025; June 28, 2025; September 29, 2025; and December 29, 2025, depending on the specific drawing. Entries must be received by January 5, 2024; March 30, 2025; June 29, 2025; September 30, 2025; and December 30, 2026, respectively. Each date corresponds to a particular drawing, as outlined in Section 5. Earn one (1) entry per postcard/envelope. Requests for confirmation of receipt of mail-in entries will not be acknowledged. No photo copies, facsimiles or reproductions of mail-in entry will be accepted. Sponsor is not responsible for late, lost, damaged, stolen, incomplete, illegible, postage due, or misdirected entries. Proof of mailing does not constitute proof of delivery. Winners that entered via mail will be required to create a Custodial Account with Custodian, and agree to the respective terms of use and privacy policy, to receive their Prize. To the extent that an entrant creates and funds a Custodial Account, the entrant will not be charged custodial fees for six months from the start of the Promotion. Upon completion of setting up and funding a Custodial Account (including Administrator and Sponsor verification) earn one (1) entry into the Sweepstakes. Additional services from BitGo may incur fees. By submitting your information and creating a Custodial Account, you agree to the respective terms of use and privacy policy. If you do not agree to such terms of use, you cannot create a respective Custodial Account, and will be ineligible to receive the Prize.
Note: Entering by creating a new BitGo account during the Promotion Period will not help you win. Your chances of winning are the same regardless of method of entry.
Note: To claim the Prize in this Sweepstakes, all potential winners will be required to create an account with the Custodian. Creating an account will require the collection of personal information for identity verification purposes (including, but not limited to a valid and current driver’s license or state ID, tax ID number, or completion of a set of identity-verification questions). If a winner sells the Bitcoin, you will need to link a bank account to withdraw fiat. Potential winners that do not create an account with Custodian and/or if their custodial account is not approved by the Administrator will be disqualified. ALL POTENTIAL WINNERS ARE SUBJECT TO VERIFICATION BY ADMINISTRATOR, WHOSE DECISIONS ARE FINAL AND BINDING. A PARTICIPANT IS NOT A WINNER OF ANY PRIZE UNLESS AND UNTIL THAT PARTICIPANT’S ELIGIBILITY AND COMPLIANCE WITH ALL REQUIREMENTS TO CLAIM A PRIZE HAVE BEEN VERIFIED AND FULFILLED, AND THE PARTICIPANT HAS BEEN NOTIFIED THAT VERIFICATION IS COMPLETE.
Participants must comply with these Official Rules and the Conditions of Entry. Determination of compliance will be in the sole discretion of the Sponsor and Administrator.
Limit: Limit one entry per person address no matter the means of entry. Entries received from any person in excess of the stated limitation will be void, and that person may be disqualified from entry and/or winning. Entries received from any person who attempts to cancel and create a new account, or who attempts to create an additional account, during the promotion period will be disqualified. Any attempt by any entrant to obtain more than the stated number of entries by using multiple/different addresses or any other methods will void that entrant's entries and that entrant may be disqualified. Use of any automated system to participate is prohibited and will result in disqualification. In the event of a dispute over the identity of a potential winner, the entry will be declared made by the authorized account holder of the email address associated with the entrant’s BitGo account (or submitted with the mail-in entry, as applicable) (“Entrant’s Email Address”), and the potential winner may be required to provide identification sufficient to show that he/she is the authorized account holder of the email account. The “authorized account holder” is the natural person assigned to the applicable email account. Proof of submission of an entry does not constitute proof of delivery.
5. Drawings: The winners will be randomly selected from all eligible entries received on or about (i) January 6, 2025, (ii) March 31, 2025, (iii) June 30, 2025, (iv) September 30, 2025 and (v) December 31, 2025. The random drawings will be conducted by the Sponsor at their offices in Palo Alto, CA, USA, an independent judging organization whose decisions are final. The odds of winning the Prize depend upon the number of eligible entries received for each drawing. Limit one Prize per person/household in this Promotion.
6. Winner Notification: Potential winners will be contacted via email at Entrant’s Email Address by a representative of BitGo with instructions on how to claim their Prize and will be required to respond to such email within 48 hours of the date/time email was sent by Sponsor. Potential winners will be required to complete and return an Affidavit of Eligibility, Release of Liability or any other document needed to validate eligibility (“Documents”) within five (5) days (including Saturdays, Sundays and Holidays) of first attempted delivery of the same. In the event a potential winner cannot be contacted, fails to respond to the email within the allotted time, refuses the Prize, or fails or refuses to timely return completed Documents, or if a Prize/Prize notification is returned as undeliverable, potential winner will be disqualified without further notice and an alternate winner may be selected. Potential winners that entered the Sweepstakes by mail that do not create a new BitGo account timely will forfeit the Prize. The Prize will be fulfilled within approximately 6-8 weeks of winner verification. Sponsor assumes no responsibility for undeliverable emails resulting from any form of active or passive filtering by an email client or for insufficient space in the user's account to receive an email. Sponsor reserves the right to modify the notification procedures and applicable deadlines for responding in connection with the selection of any alternate. If a Prize is legitimately claimed it will be awarded. Upon Prize forfeiture or inability to use a Prize or portion thereof, no compensation will be given, and Sponsor will have no further obligation to that participant.
7. Taxes: The winners are solely responsible for reporting and paying any and all applicable taxes related to the Prize. The winners will be subject to an onboarding verification process and are required to provide any requested tax reporting information before any Prize is awarded including name, date of birth, address, phone numbers and social security number or taxpayer identification number. The value of any Prize awarded to a winner will be reported for tax purposes as required by law. Any person receiving a Prize from the Sponsor will receive an IRS Form 1099 at the end of the calendar year and a copy of such form will be filed with the IRS. Each winner is required to notify the Sponsor if any information provided hereunder changes, including the winner's address. Potential winners should consult an accountant or tax professional to determine tax implications in accepting and using (including conducting transactions of) any Prize.
8. Release: Entrants/winners agree to release, discharge and hold harmless Released Parties from and against any claim or cause of action or liability (including but not limited to, personal injury, death or damage to or loss of property as well as claims based on publicity rights, defamation and/or invasion of privacy) arising out of or in connection with participation in the Sweepstakes or acceptance/receipt/use or misuse of any Prize, and agree to be bound by these Official Rules and the decisions of the Sponsor, the Administrator and/or Sponsor’s representatives, which are final. Acceptance of a Prize constitutes permission for the Sponsor and its agencies to use winner’s name, likeness, photograph and/or hometown and state for purposes of complying with obligations as described in Section 11 below, and for advertising and trade without further compensation, in any media, worldwide, unless prohibited by law.
9. General: ANY ATTEMPT BY AN INDIVIDUAL TO DELIBERATELY UNDERMINE THE LEGITIMATE OPERATION OF THIS PROMOTION IS A VIOLATION OF CRIMINAL AND CIVIL LAWS, AND SHOULD SUCH AN ATTEMPT BE MADE, SPONSOR RESERVES THE RIGHT TO SEEK DAMAGES FROM ANY SUCH INDIVIDUAL TO THE FULLEST EXTENT PERMITTED BY LAW. Sponsor will not be responsible for lost, late, damaged, misdirected or mutilated mail, misdirected email, or for any technical problems, faulty, lost, garbled, incomplete, incorrect or mistranscribed data transmissions, incorrect announcements of any kind, malfunctions, technical hardware or software failures of any kind including any injury or damage to any person’s computer/mobile device related to or resulting from participating in or experiencing any materials in connection with this Sweepstakes. Sponsor is not responsible for malfunctions or breakdown of any network systems, unavailable service connections, lost, incomplete, faulty network connectivity of any kind, failures of any service providers, or any combination thereof, which may limit a person’s ability to participate in this Promotion. Sponsor reserves the right to suspend, cancel or modify the Promotion if it cannot be executed as planned for any reason including, but not limited to, if fraud, human error, technical failures, or any other factor impairs the integrity or proper functioning of the Promotion; or if a virus, bug or other technical problem corrupts the administration, security, or proper play of the Promotion as determined by Sponsor in its sole discretion. If the Promotion is so cancelled or modified, Sponsor may award the Prize from among all eligible participants prior to such action and Sponsor shall have no further obligation to any participant in connection with this Promotion. Sponsor reserves the right to prohibit the participation of an individual if fraud or tampering is suspected or if the participant fails to comply with any requirement of participation as stated herein or with any provision in these Official Rules. In the event there is a discrepancy or inconsistency between disclosures or other statements contained in promotional materials and the terms and conditions of these Official Rules, these Official Rules shall prevail, govern and control. Sponsor will not be responsible for any typographical or other error in the printing of the offer, administration of the Sweepstakes or in the announcement of the Prize.
10. Dispute Resolution: THE PARTIES AGREE THAT ALL CONTROVERSIES ARISING OUT OF OR RELATING TO THIS PROMOTION OR THE PRIZES (“DISPUTES”), WHETHER ARISING PRIOR TO, ON, OR SUBSEQUENT TO THE EFFECTIVE DATE, SHALL BE ARBITRATED AS FOLLOWS: The Parties irrevocably agree to submit all Disputes between them to binding arbitration conducted under the Commercial Dispute Resolution Procedures of the American Arbitration Association (the “AAA”), including the Optional Procedures for Large Complex Commercial Disputes, if applicable. The place and location of the arbitration shall be in Sioux Falls, South Dakota. All arbitration proceedings shall be closed to the public and confidential, and all related records shall be permanently sealed, except as necessary to obtain court confirmation of the arbitration award. The arbitration shall be conducted before a single arbitrator selected jointly by the parties. The arbitrator shall be a retired judge with experience in custodial and trust matters under South Dakota law. If the parties are unable to agree upon an arbitrator, then the AAA shall choose the arbitrator. The language to be used in the arbitral proceedings shall be English. The arbitrator shall be bound to the strict interpretation and observation of the terms of this Promotion and shall be specifically empowered to grant injunctions or specific performance and to allocate between the parties the costs of arbitration, as well as reasonable attorneys’ fees and costs, in such equitable manner as the arbitrator may determine. Judgment upon the award so rendered may be entered in any court having jurisdiction or application may be made to such court for judicial acceptance of any award and an order of enforcement, as the case may be. In no event shall a demand for arbitration be made after the date when institution of a legal or equitable proceeding based upon such claim, dispute, or other matter in question would be barred by the applicable statute of limitations. Notwithstanding the foregoing, either party shall have the right, without waiving any right or remedy available to such party under this Promotion or otherwise, to seek and obtain from any court of competent jurisdiction any interim or provisional relief that is necessary or desirable to protect the rights or property of such party, pending the selection of the arbitrator hereunder or pending the arbitrator’s determination of any dispute, controversy, or claim hereunder.
In addition to the tax liability disclosures in these Official Rules, the winners are subject to abide by the income reporting and, if applicable, the payment of any taxes due per the laws, rules and regulations of the winner’s state of residence. By entering and participating in the Promotion, entrants hereby expressly agree and accept that for all that is related to the interpretation, performance and enforcement of these Official Rules, each of them expressly submit themselves to the laws of the United States of America and the State of South Dakota, expressly waiving to any other jurisdiction that could correspond to them by virtue of their present or future domicile or by virtue of any other cause.
11. Entrant's Personal Information: Information collected from entrants is subject to BitGo’s Privacy Policy, which can be found at https://www.bitgo.com/legal/bitgo-privacy/. Sponsor assures that your information will be kept confidential in accordance with applicable data protection laws and regulations. Data will be stored in the United States and will be shared with our affiliates and third parties only to administer this Sweepstakes, verify the winners and fulfill the Prize as permitted by law and BitGo’s Privacy Policy, unless you have given your prior express consent to receive additional information from Sponsor or a third party.
12. Winner List: For information regarding the winners, send an email to sweepstakeswinners@bitgo.com with “WINNER – BitGo Sweepstakes” as the subject line. Requests must be received by January 7, 2026. The winner will be available after the winner has been verified.
13. Entire Agreement. These Official Rules constitute the entire agreement between BitGo and any entrants.
SPONSOR: BitGo, Inc., 2443 Ash St, Palo Alto, CA 94306, USA
ADMINISTRATOR: BitGo Trust Company, Inc., 6216 Pinnacle Place, Suite 101,Sioux Falls, SD 57108
Amendment log: