Yotta Technologies Inc. Review: Company Details, Social Casino and Legal Issues
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Yotta Technologies Inc. is a fintech company that provides social casino games in the US. It previously provided prize-winning savings accounts.
The company operates since 2019 from their headquarters at 2261 Market Street #4313, San Francisco, CA 94114, USA. It is important to mention that Yotta Technologies Inc. is not related to Yotta Games, the worldwide game creator.
Yotta Technologies Inc. was founded by Adam Moelis and Ben Doyle. Adam is the son of Ken Moelis, the billionaire investment banker.
Yotta Technologies Inc. runs Yotta Casino as a fully compliant sweepstakes casino that checks all the right boxes for safety and transparency.
They've got KYC verification in place, and labs like Gaming Labs International and eCOGRA have certified the game studios on their platform for randomness and fairness—which matters when you're playing for real prizes.
Their social casino offers 300+ games from established providers like BGaming, Booming Games and Evoplay. You won't find sister sites or other brands under their umbrella—they're focused purely on Yotta Casino.
Their business practices are transparent, customer support actually responds and they clearly disclose winners and responsible gaming information. The platform gets regular updates and runs smoothly without red flags that would make you think twice about playing there.
Yotta Technologies Inc. company info
Here's everything you'd want to know about the company behind Yotta Casino in one place.
| Attribute | Details |
|---|---|
| Founders | Adam Moelis and Ben Doyle |
| Year Established | October 2019 |
| Headquarters | 33 Irving Place, New York City, NY 10011 |
| Secondary Address | 2261 Market Street #4313, San Francisco, CA 94114 |
| Number of Employees | 11–50 |
| Revenue | Less than $5 million |
| Funding | $13.2 million Series A (Base10 Partners, Y Combinator) |
| Industry | Social casino gaming |
| License Status | No traditional gaming license needed for a sweepstakes casino; games certified by Gaming Labs International, iTech Labs, eCOGRA |
| Social Casinos Operated | Yotta Casino |
What are the Yotta Technologies Inc. casinos?
The company behind your favorite sweepstakes action operates one platform: Yotta Casino. It utilizes the common dual currency systems of Gold Coins for fun play and Sweeps Coins for cash prize redemptions. Here, they are called Tokens and YottaCash, respectively.
GCs are your play for fun tokens, while SCs give you the chance to win cash rewards.
Yotta Casino
Launched in 2019, Yotta social casino brings you 327 games split between 305 slots, table classics and 14 original titles developed exclusively for the platform. 610 slots plus social live casino action from BGaming and Rubyplay to US players.
You'll find favorites like Bonanza Billion and Lady Wolf Moon Megaways from providers including BGaming and Evoplay.
Yotta Casino accepts players of at least 18 years old and stays legal across most US states except locations like Nevada, Idaho, Washington and Louisiana.
The free welcome bonus is above the industry average of 2-3 SC: here you get 5 free Sweeps Coins along with 50,000 Gold Coins.
You need, however, to contact customer assistance to claim the offer after you register, instead of getting it automatically.
Sheesh social casino supports optional payments through legitimate methods such as Visa, Mastercard, Discover and AMEX.
When you collect at least 100 Sweeps Coins and want to redeem them, you can pick from bank transfers and gift cards.
Operating legally across most U.S. states (except locations like Connecticut, Delaware, Idaho, Louisiana and Michigan), the platform keeps things legal.
Yotta Technologies Inc. lawsuits
The company faces serious legal challenges that started when their banking partner situation went sideways.
Back in April 2024, Synapse—the middleware that handled purchases and cashouts between Yotta and Evolve Bank & Trust—filed for Chapter 11 bankruptcy. This froze about $112 million in customer funds, though Evolve disputes that number.Yellow Social Interactive and Sweepsteaks Limited—have faced legal scrutiny, P8D has avoided regulatory issues.
Things escalated in September 2024 when Yotta took Evolve Bank to court in Northern California.
The lawsuit accuses the bank of conspiracy with Synapse to grab customer funds and misappropriate millions. Yotta's claiming fraud, conspiracy, negligent misrepresentation, violation of California's Unfair Competition Law and unjust enrichment.
A judge dismissed the first attempt in May 2025, telling Yotta to come back with more details. So they did—filing an amended complaint in June 2025 that doubled down on accusations that Evolve knowingly ran a Ponzi scheme and caused massive business losses. Evolve denies everything and says most funds have been returned, calling the claims baseless.
Here's where it gets rough for customers: groups of affected players are fighting for reimbursement after getting offers for less than 1% of their deposits in some cases.
Remember, Yotta Technologies Inc. never operated as a bank, so those deposits weren't FDIC insured—something that's sparked controversy about whether customers were misled.
You've also got mentions of a sanctions ruling in Weiss v. Yotta Technologies, though that's mostly procedural payment stuff and not the main event.
Through all this drama, Yotta Technologies Inc. pivoted their business model to focus purely on the Yotta Casino, keeping their social casino gaming operations legal across most states while the courtroom battles continue.
Coffeezilla’s investigation
In June 2024, the popular YouTuber Coffeezilla (Stephen Findeisen), who creates content related to financial scams, investigated Yotta Technologies Inc.
He stated that their social gaming site offers casino-style games funded by purchases of virtual tokens instead of savings account deposits as they claim.
The company reacted by changing their X account from “yottasavings” to “winwithyotta” and stopped offering rewards on savings accounts.