Money in
Your everyday debit card. Ten dollars minimum. Apple Pay and Google Pay work too. No bank logins, no linking, no "wallet."
Card → ticket. That's it.The fine print · 21+ · Preview only
The fine print, in big type.
Everything the front page didn't say — the name, the numbers, the rules, and the questions worth asking anyone who wants your money.
At every racetrack in the country, the purse — the prize — is posted before the race is run. We post ours too, and the price of the ticket right beside it.
Side by side · Same dollar, three places to spend it
Worth screenshotting for the friend with the betting app.
| The question | State lottery | Sports betting app | Purse |
|---|---|---|---|
| Do they show the price before you buy? | Buried in fine print, per game | No — it's folded into the odds | Printed on every ticket, in plain words |
| What happens if you win a lot? | You get paid | Many limit your bets or close the account | Winning is allowed. You set the only limit. |
| Can you cash out early? | No | Only at whatever number they offer you | Sell any time at the market price |
| Who takes the other side? | The state | The house — it wins when you lose | Another player. We charge a fee and cheer for nobody. |
| The most you can lose | Whatever you spend | Whatever you deposit, again and again | A yearly cap you set, tied to your ID |
| What you learn by playing | Nothing | Parlay slang | How gold, oil, and rates actually move |
The guardrail · Default $5,000/yr · Range $500 – $20,000
Your yearly limit. Turn the dial.
Turn the dial, or tap
$5,000
Per year
Standard — the default- Lowering it takes one tap and works immediately.
- Raising it past $5,000 takes income paperwork and a 30-day wait. On purpose.
- Checked against your ID, not your account — a second login won't dodge it.
- Hit the limit and you're done for the year. No exceptions, and no call that talks you back in.
- 21 and over. No credit cards, ever.
Your money · In, out, and in between
If getting paid is hard, it's a scam. So we made it boring.
Money out
Winnings go back to the same card in one to two business days. No minimums, no forms, no verification call.
No hoops. Ever.Money held
Between tickets, your dollars sit in segregated customer accounts — legally your money, held apart from ours.
Your dollars. Walled off.Straight answers · Seven of them
The questions worth asking anyone who wants your money.
Is this gambling?+
It's speculation with capped risk. Like gambling, most tickets lose, and that's printed on every one. Unlike gambling, you see the price, you see the odds, you can sell the ticket back before it settles, and the thing you're speculating on is real: the price of gold, oil, or the stock market, set by the whole world's trading rather than by a machine in our back room.
If you want a promise of profit, this is the wrong product, and anyone who promises you one is lying.
How do you make money?+
The fee printed on the ticket — about six cents on the dollar. That's the whole business.
Buyers and sellers trade with each other on an exchange, and we charge for running it. We never take the other side of your ticket: when you lose, your money goes to the player who took it, not to us. It's the same six cents whether you win or lose.
What happens when I lose?+
Your ticket settles at zero, and the app says so plainly — no confetti, no "so close!", no nudge to buy another one. Losses count against your yearly cap, and when you hit the cap you're done until next year.
Most tickets lose. A ticket that pays 10-to-1 wins about one time in ten, and you'll see that number at the moment you buy, in words this size.
Who's watching you?+
Purse is being built to operate on a federally regulated derivatives exchange overseen by the CFTC — the same agency that oversees the markets where your bank, your airline, and your cereal company hedge their prices. Customer money sits in segregated accounts. Every trade is time-stamped and published. Settlement prices come from an independent, published source we don't control.
We're at the waitlist stage precisely because we're doing that paperwork properly. We'll publish every license and every rulebook before we take a dollar.
Is this a crypto thing?+
No. Your money is US dollars, held in US accounts. There is no coin, no token, no wallet, and nothing to "connect." One of our tickets references the price of Bitcoin the same way another references the price of gold — you're never holding either one.
Why would I do this instead of investing?+
You shouldn't — not instead of. Investing is how the other 95% of your money should live: boring, diversified, decades long. Purse is for the small slice many people already spend on long shots — the scratch-offs, the office pool, the parlay. We think that slice deserves a fair price, printed odds, and a hard cap.
If you don't have the other 95% sorted, sort that first. We'll still be here.
Where do the year figures come from?+
Lottery: roughly half of every ticket dollar nationwide is held back from prize pools — that's the published takeout. Betting apps: about 9% of each bet on average, but the average customer re-bets winnings several times and the toll is charged on every pass, so the front page models 2.5 passes a week. Purse: our flat 6%, charged once per ticket. All figures are expected averages; any single year will vary.
Plain-English disclosures: This page is a concept preview and waitlist. Purse contracts are not yet available for sale anywhere. All numbers shown by the ticket builder and the year figures are illustrative calculations from standard pricing math and published industry averages, not quotes or promises. Every ticket is a game of chance against real market prices: most tickets expire worthless, the printed fee means the average player loses money over time, and nothing here is investment, tax, or legal advice. If gambling has been a problem for you or your family, this product is not for you — and the yearly cap exists because we mean that. 21+ only. Availability will vary by state.
© 2026 Purse (working title).