When you fund your MyWinners account or score a big win, it's natural to wonder how your money is kept safe. Thankfully, state-regulated betting platforms like MyWinners are required to follow strict financial and operational safeguards to protect your funds at every stage.
Regulated Custodial Accounts
Regulated Custodial Accounts
All customer funds on MyWinners are held in segregated custodial accounts. This means your money is kept separate from the company’s operational funds and can’t be used for anything other than withdrawals or betting.
These accounts are FDIC-insured, providing added protection up to federal limits.
Segregation ensures your funds are always available, even if the platform experiences operational issues.
Deposit Protection and Monitoring
Deposit Protection and Monitoring
State licensing boards require daily reconciliation of all player balances and account activity.
Systems are in place to prevent overextension of deposited funds or delays in processing.
Regular audits ensure MyWinners remains compliant with industry-standard security protocols.
Responsible Gambling and Limits
Responsible Gambling and Limits
To protect your financial well-being:
Deposit limits can be set per day, week, or month.
Betting limits help prevent overspending during high-stakes races or events.
You can pause your account or self-exclude at any time, and any remaining funds are still accessible for withdrawal.
💡 Did You Know? Some US states require betting operators to post financial guarantees or bonds before accepting deposits, providing an extra safety net for bettors.
Frequently Asked Questions
Is my money safe in my MyWinners account?
Is my money safe in my MyWinners account?
Yes. All customer funds are held in regulated custodial accounts, separate from company operating funds and protected under FDIC insurance limits.
What happens to my money if MyWinners shuts down?
What happens to my money if MyWinners shuts down?
Because funds are segregated and regulated, your balance remains secure and must be returned, regardless of the site’s operational status.
Are there daily checks on customer balances?
Are there daily checks on customer balances?
Yes. MyWinners is required to perform daily balance checks and audits to ensure full compliance with state regulations.
Can I lose my money if I don’t bet it?
Can I lose my money if I don’t bet it?
No. Unused balances stay in your account and can be withdrawn at any time. There are no inactivity penalties.
Does MyWinners use my deposit for other operations?
Does MyWinners use my deposit for other operations?
No. Your deposit is kept in a secure custodial account and can only be used for wagering or returned via withdrawal.