Central entities have created a monopoly in the conduction of lotteries around the world, by taking complete control of the whole chain of processes regarding fund collection, ticket issuance, winner selection, and lottery payout. This has given governments the power to impose massive taxes to lottery payouts and limit several people from participating. Therefore, this has rendered the credibility of existing centralized lotteries questionable and has significantly reduced their extractable value — traditional lotteries pay out less than half of the funds generated to the winners. People are starting to lose trust towards governments that take away more than 50% of their deserved lottery prizes, while they are risking 100% of their capital.