Lottoday has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to 369X. We’ve received over 4 complaints against Lottoday.
Mavie Global made the important choice in the middle of 2023 to focus on NFT and cryptocurrency companies via Lottoday. This marked a significant departure from their regular business practices, as they pursued a contentious NFT-focused investment strategy. Lottoday used to be a gaming site, but it has recently received a lot of attention for what appears to be an NFT Ponzi scheme, which has financial and regulatory officials very concerned. Because there are few tight constraints, it provides unsustainable NFT returns, putting investors at risk of securities fraud. In this scenario, early investors may profit at the expense of subsequent participants. This demonstrates how hazardous these digital investments are.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Lottoday Regulated? Do They Have a License?
As digital investments change, the launch of Lottoday in the middle of 2023 was a big step for Mavie Global as it switched from its usual business to non-fungible tokens (NFTs) and cryptocurrency plans.
It started out as a platform for gambling, but now Lottoday is a controversial NFT-based investment plan. This piece goes into detail about how Lottoday turned into what is being called a Ponzi scheme, how it works, and what investors and regulatory bodies should do about it.
Lottoday started out as part of Mavie Global’s gambling business, but it quickly turned into an NFT Ponzi scheme, just like all of Mavie Global’s other cryptocurrency projects, like the famous Ultron Ponzi scam.
The move toward NFTs was sold as “gaming hub NFTs,” which has caused a lot of eyebrows to rise in the financial world.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Lottoday is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Lottoday, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Lottoday
Lottoday is advertised as a place where people can play games, but its operations have nothing to do with real gaming. Instead, it offers investments in NFTs with the promise of big daily passive profits.
With the promise of gains that can reach an amazing 1000%, investors are willing to put up anywhere from 100 to 100,000 USDT (Tether). The system gives early investors an unfair advantage, letting them make money before later investors, who are left as “bagholders,” have to work hard to get back the money they put in.
The basic idea behind Lottoday is a well-known Ponzi scam. Investors are promised daily returns based on new investments, not on real actions that make money.
The plan works by getting new money coming in. Returns to early investors are paid for by the money that new participants put in. This plan can’t last, and it will fall apart once new investments stop coming in.
Depending on how much you spend, you could get back 200% of your money, or you could get back 1,000,000 USDT. Such high returns are not only impossible to keep up, but they also show that the plan needs new investments to pay back investors who have already put money into it.
There is a big problem with Lottoday and Mavie Global’s business: they are not registered with any financial officials. This omission directly breaks securities rules and is the same thing as securities fraud.
Because Lottoday doesn’t have any governmental oversight, investors are at risk because they can’t be sure that the company is running legally or that its claimed ways of making money are real.
A lot of people visit Lottoday’s website from places like France, Spain, Russia, Kazakhstan, Hungary, and Russia. Each of these countries has a regulatory body that is in charge of keeping an eye on the financial and securities markets. However, Lottoday is not listed with any of these bodies, so it operates outside of the laws that are meant to protect investors.
Michal Prazenica, who is known for his role in the Givvo Ponzi scheme, is in charge of Mavie Global. Since Prazenica moved to Dubai, a place with less strict rules on these kinds of activities, she can continue to run Mavie Global and its related programs, such as Lottoday, without much trouble from the law.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Lottoday Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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Lottoday Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Lottoday tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Lottoday reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Lottoday, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Lottoday enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Lottoday reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Lottoday.
You should always look out for consumer complaints. In the case of Lottoday, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Lottoday? You can share your complaint in the comment section or submit an anonymous tip.
Is Lottoday Legit Or Scam?
Lotto today’s change into an NFT Ponzi scheme run by Mavie Global is a major worry in the world of digital investments. Lotto today is a high-risk business for people who play because it doesn’t follow the rules and the way it makes money isn’t viable.
Both investors and lawmakers need to be careful and do their research when dealing with NFT investments and the digital economy as a whole.
Lottoday is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Lottoday can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Lottoday?
All the evidence suggests that Lottoday is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Lottoday a scam?
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How The Lottoday Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
