Pickem uses two key flows: purchases (for Gold Coins, with Sweepstakes Coins awarded as a promotional bonus) and redemptions (exchanging Sweepstakes Coin winnings for prizes).
Purchases
- What you purchase: - Gold Coins (GC): Play-for-fun currency. Not redeemable for prizes. 
- Sweepstakes Coins (SC): Provided as a promotional bonus with every Gold Coin purchase. SC can be used in the Social Casino and redeemed for prizes once playthrough requirements are met. 
 
- Payment methods: - Debit and credit cards (Visa and Mastercard) 
- Online banking 
 
- Limits (current shop offers, may vary): - Minimum purchase: $4.99 
- Maximum purchase: $499.99 
 
- Processing time: Purchases are typically instant, with balances updated immediately after confirmation. 
Redemptions (Sweepstakes Coins)
- What you can redeem: Sweepstakes Coins (SC) winnings, once playthrough requirements are completed. Gold Coins cannot be redeemed. 
- Redemption methods: - Debit and credit cards (Visa and Mastercard) 
- Online banking 
 
- Limits: - Minimum redemption request: $100 
- Maximum per redemption: $2,500 
- One pending redemption allowed at a time 
- Florida residents: Maximum $5,000 redemption volume per month 
- All other states: Maximum $15,000 redemption volume per month 
 
- Processing time: Redemption requests are typically reviewed and processed within 3–5 business days. 
Important notes
- Verification required: Before your first redemption, you’ll need to complete identity verification (KYC). 
- Taxes: Prizes may be considered taxable income, and a 1099 form may be issued if your annual redemptions meet IRS thresholds.