Overview MoonPrize is a sweepstakes-style casino at moonprizecasino.com, launched December 2025 and operated by Readstep Tech Limited, a Hong Kong compa…
SweepsGuard Grade: F.
Overview MoonPrize is a sweepstakes-style casino at moonprizecasino.com, launched December 2025 and operated by Readstep Tech Limited, a Hong Kong company, with payment processing routed through UK and Canadian shell entities. It runs a dual-currency model with Sweeps Coins redeemable for cash at 1 SC = US$1 (100 SC minimum) via card, PayPal or ACH. We have blacklisted it on the basis of multiple credible cashout-stage payout-denial complaints. Player Reception MoonPrize draws sharply negative feedback once players try to cash out. Its Trustpilot profile is bimodal in a pattern consistent with review manipulation around real complaints, and an independent reviewer declines to recommend it, citing questionable ownership and weak support. Critical Issues Multiple credible payout-denial reports: a player who won around $1,400 had their ID “fail” verification for two months while continuing to lose; another had an account banned with $4,000+ withheld after a deposit-incentive push, with a JAMS arbitration filing ignored; others report it “stopped paying altogether.” An offshore operator (Hong Kong) routing money through UK and Canadian payment shells, with no US-domiciled operating entity — a structure that frustrates player recourse. Major Issues Deposit-incentive “rebate” promotions that precede the account bans and withheld balances players describe. Reports of accounts frozen shortly after deposit, unauthorized transactions, and ignored account limits. Ties to a low-tier affiliated cluster (Moonspin and others sharing the same payment entity) with similar complaints. Track Record Launched December 2025, MoonPrize quickly accumulated a consistent set of cashout-stage complaints — KYC stalls on large wins, withheld balances after bans, and reports of non-payment — from an opaque offshore operator. The pattern points to a site that accepts deposits but obstructs redemptions. SweepsGuard Status We strongly recommend avoiding MoonPrize. Credible reports of withheld large redemptions, KYC stalling, and account bans tied to deposit incentives — from an offshore operator with payment shells and no US entity — are exactly the player harm our blacklist flags. Do not deposit or purchase coins. This is a recoverable exclusion in principle (we have not independently confirmed deliberate theft beyond the reported pattern), but there is no current basis for trust. Players holding a balance should attempt to redeem and document everything.