The list of sweepstakes casino operators leaving the U.S. market continues to grow. Two emerging brands, Money Factory and CoinFrenzy, have announced plans to shut down operations, adding to a wave of closures that has swept through the industry in 2026. The developments come as lawmakers, regulators, and courts increase scrutiny of sweepstakes-based gaming models across several states.
While neither company publicly tied its decision directly to regulatory concerns, the timing aligns with increasing legal pressure on the broader sweepstakes casino sector. Several operators have already withdrawn from markets or ceased operations entirely as state governments debate or implement restrictions on promotional gaming platforms that offer redeemable prizes.
Money Factory has already completed its shutdown process. According to a notice posted on its website, the company permanently ceased operations on Aug. 9. The platform stopped accepting new registrations, purchases, and gameplay as part of an orderly wind-down.
The operator stated that all player accounts, balances, and pending redemption requests have been preserved. The company told customers with redemption requests already in progress that they do not need to take additional action. Money Factory has also established contact channels for players seeking account information and for parties interested in acquiring company assets, including its platform software.
CoinFrenzy is taking a different approach to its closure. Rather than shutting down immediately, the platform has stopped selling new coin packages while continuing to allow gameplay and redemption requests for existing customers. The company plans to cease operations on Sept. 25.
The extended timeline gives users several weeks to withdraw eligible balances before the platform goes offline. Unlike Money Factory, CoinFrenzy’s phased shutdown provides customers with a defined redemption window, though the company has not disclosed how many players may be affected.
The closures arrive during a difficult year for sweepstakes casinos. Multiple states have pursued legislation or enforcement actions targeting sweepstakes gaming operators, arguing that some platforms function similarly to traditional online casinos despite using virtual currencies and promotional prize structures.
At the same time, legal challenges have expanded beyond statehouses. Baltimore filed a lawsuit earlier this year against several major sweepstakes operators, alleging that the platforms operate as illegal gambling businesses disguised as free-to-play entertainment products. The defendants have disputed similar claims in other cases, but the litigation reflects growing attention from government authorities.
Money Factory and CoinFrenzy are not alone in their departure from the market. LuckyLand Slots, one of the industry’s most recognizable brands, is also scheduled to shut down in September. As more operators leave and regulators continue examining the sector, the competitive landscape for U.S. sweepstakes casinos appears increasingly uncertain. For players, the latest closures serve as another reminder to monitor redemption deadlines and platform announcements closely.
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