Best California Gambling Sites: Top Real Money Casinos in 2026   

Table of Contents

California gambling sits at the crossroads, with growing sweepstakes and consequently apps now banned.  In this guide, we pull the threads together so you can understand legal basics as well as where you can actually play today.

Our top site? Ignition is a crypto-friendly casino offering reward-packed bonuses, quick banking, and a lot more. We cover the offerings in more detail below, along with the major competitors bettors love.

California Gambling Sites: First Look  

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Best California Gambling Sites Reviewed in Detail 

We tested dozens of sites, and we’ll show why these made the list – from bonuses and banking to the games you can play. These casinos offer balance, game variety, and fair terms so you can enjoy the online gambling California sites have to offer.

1. Ignition – Best California Gambling Site Overall

Pros

  • BTC, ETH, LTC, USDT accepted
  • Poker and casino bonus up to $3,000
  • Largest US poker network
  • 400+ casino games
  • Weekly reloads for crypto depositors

Cons

  • Fewer video poker variations
  • Limited special events

Ignition balances high-RTP slots, big bonuses that actually deliver value, and fast crypto withdrawals. It has a strong poker room, too, and the UX is designed for both short sessions and longer nights. It’s one of the top choices for online gambling in California with real money, with many popular titles and all you need to play them.

Bonuses – 5/5

You can claim a 300% crypto match deposit bonus, where 150% up to $1,500 goes toward poker and 150% up to $1,500 to your casino balance. There’s a 25x wagering requirement attached, while the poker bonus is released with Ignition Miles – $1 released for every 30 Miles earned.

Fiat depositors get a 100% match up to $1,000 to the casino and 100% up to $1,000 to the poker balance, with the same terms. You must claim the bonus when making your first deposit and deposit at least $20 to claim it.

Banking – 5/5

Ignition is a crypto-friendly California gambling site supporting Bitcoin, Litecoin, Ethereum, USDT, and more. Crypto deposits are instant, and withdrawals usually arrive within hours. You can also use Visa or Mastercard, though non-crypto withdrawals go through MatchPay and require ID verification. Overall, crypto remains the fastest and most convenient option on Ignition.

Games – 4.9/5

Ignition’s lobby is carefully curated with a strong core of slots – from classics to branded titles and Megaways.  Table games include many blackjack and roulette variants, but we’d love to see more video poker variations despite an awesome poker section available.

Some of the most popular slots include Amazons Unleashed Hold & Win, Big Tuna Catch, and Blazin’ Buffalo Extreme, but there’s a lot to choose from regardless of your preferences.

>>Grab a welcome bonus of up to $3,000 at Ignition

2. Super Slots – Over 1,500 Slots in the Lobby

Pros

  • 300 welcome spins for depositors
  • VIP program for all
  • 1,534 slots and more
  • 80+ live dealer games 
  • Daily cash races

Cons

  • Few table games 
  • No deposit match bonuses

Slots come first at Super Slots, and there are 1,534 of them to choose from right now. You’ll find everything from legacy three-reel classics to the latest video slots, and it’s a top choice among online gambling sites in California if you’re more about slots than table games.

Bonuses – 4.9/5

You can get 300 bonus spins when you deposit at least $10 at Super Slots, credited 30 a day for ten days straight. The spins are valid for 24 hours each time, and the winnings are capped at $100. It’s important to note that these are only available for featured games, so make sure to check in daily after you deposit.

Other promos include daily and weekly races, cash-boost raffles, cash tournaments, and freerolls for regulars. You’ll have to wager at least $100 within 14 days of freeroll tournaments to receive a ticket. 

Banking – 4.8/5

Super Slots accepts a wide range of cryptocurrencies, from Dogecoin to Bitcoin and from Shiba Inu to Tether. The minimum and maximum limits are typically $10 and $500,000, which shows the casino is a great pick for both casual players and high rollers.

Additionally, you can deposit with Visa, Mastercard, Discover, and American Express cards, while you can withdraw with checks and bank transfers in such instances. Withdrawal minimums range from $20 with most cryptocurrencies to $500 with bank transfers.

Games – 4.9/5

The depth of Super Slots’ lobby is its primary selling point. We’ve already mentioned it has one of the best selections of online slots in California, from hot titles like 777 Inferno Re-Spins to exclusives like Cash of Cleopatra Hold & Spin. However, you’ll also find a great range of roulette and blackjack games, live dealers, and specialty games. 

>>Claim 300 spins with a $10 deposit at Super Slots

3. Slots.lv – $1.5m Progressive Jackpots

Pros

  • Up to $3,000 welcome bonus + 30 spins
  • 50+ jackpot games
  • Epic jackpots up to $1.5 million
  • Easy to browse themed slots 
  • Accepts crypto, card, and MatchPay deposits

Cons

  • Not as many live dealers as competitors (<40)
  • Limited video poker variations

Slots.lv markets large progressive pools and has Epic Jackpots in the spotlight with $1.5m prizes. It’s a go-to California gambling site for jackpot hunters with over 50 jackpot titles overall, but it has a lot more to offer.

Bonuses – 4.8/5

Crypto depositors can claim a 200% welcome bonus up to $3,000, plus 30 bonus spins on Golden Buffalo. On the other hand, card depositors get a 100% match bonus up to $2,000 and 20 spins.

There’s a 35x wagering requirement attached either way, while the bonus spins are valued $0.40 per spin and have winnings capped at $50. Slots contribute 100% toward wagering requirements, while other games have reduced contributions, and you cannot play live dealers with bonus funds.

Banking – 4.8/5

Slots.lv is one of the best gambling websites in California for both crypto and fiat banking. It accepts multiple cryptocurrencies, including Litecoin, Bitcoin, Ethereum, Tether, Bitcoin SV, and Bitcoin Cash. On the other hand, you can also fund your account with Mastercard, Visa, and MatchPay.  

Games – 4.7/5

Slots.lv offers a wide selection of slots and jackpot games, including branded content, high-volatility progressive titles like 10 Times Vegas, and fixed-jackpot games with better RTPs like Green Light and Ronin. Table games are not the focal point here, but you’ll find a solid selection of roulette and blackjack titles as well as 35+ live dealers. 

>>Grab up to $3,000 welcome bonus at Slots.lv

4. Voltage Bet – 60+ Specialty Games

Pros

  • 100% welcome bonus up to $1,000
  • Superb sportsbook
  • Hundreds of fan-favorite slots
  • 60+ specialty games
  • 48 table game variations and 70+ live dealers

Cons

  • Fewer highroller promotions
  • Live chat mostly handled by AI

Voltage Bet is well-known for its sportsbook and aims at players who want something different with its casino too. You’ll find over 60 specialty games, from crash games and instant wins to shooter games. It’s the best among casinos in California if you like to flip between bets and arcade casino action. 

Bonuses – 4.7/5

You can claim a 100% casino welcome bonus at Voltage Bet, matching deposits up to $1,000 for new players. You must deposit at least $20 to claim it, with a 30x wagering requirement.

At the sportsbook, new players can claim a free bet of up to $1,000 if their first sports wager loses, valid for 7 days, non-cashable, and with no wagering requirements. We must note that Voltage Bet does not have many promos for regulars, making it hard to explore, with no dedicated tab.

Banking – 4.7/5

Voltage Bet has one of the best-rounded banking systems and accepts deposits via debit cards, PayPal, and a long list of cryptocurrencies, including Bitcoin and Cardano. You can also withdraw with debit cards, bank wire, Bitcoin, and Tether, but the minimum amounts are somewhat high at $150.

Games – 4.6/5

There are over 1,800 games in Voltage Bet’s library, and you’ll find everything, from popular slots like Blazin’ Buffalo and Wolf Moon Pays to niche categories like crash, instant win, and virtual sports. This differs from classic casino games catalogs by design: specialty games emphasize fast outcomes and entertaining mechanics over deep strategic play.

Specialty games include Plinko games, bingo, keno, scratchcards, and crash games like Astrochimp and Skyward

>>Sign up to Voltage Bet and get a welcome bonus up to $1,000

5. Bovada – Crypto Bonus up to $3,750

Pros

  • 470+ slots and 48 table games
  • 49 Bovada exclusives
  • 80 live dealers from two game providers
  • Casino welcome bonus up to $3,750

Cons

  • Fewer Hot Drop jackpots
  • Limited specialty games available 

Bovada is one of the best-known names in US sports betting, poker, and casino play. It features a large crypto welcome package and backs it with a well-rounded service—Bovada ticks the boxes for California online gambling, from UX to customer support. 

Bonuses – 4.6/5

If you’re depositing crypto, you can claim up to $3,750 in casino bonuses in California. This includes a 125% match bonus up to $1,250 on all of your first three deposits. You’ll have to enter bonus codes: BTCCWB1250 for the first and BTC2NDCWB for the other two.

Card depositors get a 100% match up to $1,000 on the first three deposits (with codes CAWELCOME100 for the first and BV2NDCWB for the other two).

The first deposit bonus has a 25x playthrough requirement, while the next two deposits have a 50x wagering requirement. 

Banking – 4.5/5

Bovada is one of the best online gambling sites in California that supports crypto wallets. The casino accepts Bitcoin, Bitcoin Cash, Tether, Ethereum, and Litecoin. You can also deposit with Mastercard, AmEx, and Visa cards, but withdrawal options are more limited, with cryptocurrencies and vouchers available.

Crypto is the fastest way to get your hands on your funds, with processing times ranging from 1 hour for most cryptocurrencies to 1 day for Bitcoin. 

Games – 4.6/5

Bovada’s casino library is wide but conservative, if we may say so. It has a strong core of popular slots, RNG tables, and a great range of live dealers. It’s not the most progressive jackpot-heavy site, but it’s one of the few California casinos that feature both Golden Buffalo and A Night with Cleo.

>>Claim up to $3,750 in casino bonuses at Bovada

Highest Paying Games at California Gambling Sites

Let’s talk about game types and specific titles, with details on RTP, volatility, and UX. We focus on slots with reasonable volatility, table games with low house edge, and video poker variants below.

High RTP Slot – FaFaFa XL

High-RTP slots like FaFaFa XL (with RTP ~96%) are great picks when paired with bonus play because their variance is often lower than progressive jackpot slots – and they contribute fully to wagering.

Medium volatility with a 96% RTP means steadier play to clear bonus wagering requirements without massive bankroll swings.

>> Spin FaFaFa XL at Ignition and stretch your bonus further

Table Game – Blackjack Classic

Blackjack offers some of the lowest house edges in any casino when played with basic strategy. With a dealer standing on soft 17, double after split allowed, and favorable payout rules, you can reduce the house edge to under 1%.

Contributing toward wagering requirements makes blackjack perfect for clearing bonuses with minimal expected loss. Blackjack online UX is also quick and strategic, and experienced players often make it their weapon of choice at online gambling sites in California.

>>Play Blackjack Classic at Super Slots and clear wagering with real strategy 

Video Poker – Jacks or Better (9/6 pay tables)

Jacks or Better at a 9/6 paytable is one of the highest-RTP casino games, where the optimal strategy can bring the RTP close to 99%. Video poker is generally low variance (relative to slots), but it often does not contribute toward playthrough requirements, so that’s a thing to consider.

>>Try Jacks or Better at Slots.lv and experience near-99% RTP returns

California Gambling 101

We discuss the basics below and focus on legality, taxation, and the future of sweepstakes CA casino apps below.

Legal Status

California’s gambling law is complex. Most large land-based casinos are tribal, and the state regulates cardrooms. A state-regulated, real-money online casino market like New Jersey’s does not currently exist in California.

Instead, many Californians opt for offshore casinos that accept US players or use sweepstakes apps that operate under a different legal model.

Online play is still very much a grey area, and you should be on the lookout for changes, with the most recent ban of sweepstakes apps being an obvious example.

Tribal Casinos & California Cardrooms

Tribal casinos work on sovereign tribal lands and are the primary legal land-based venues. They offer full resort experiences, large slot floors, table games, and poker rooms.

California cardrooms, on the other hand, offer poker and non-banked card games. When you visit a land-based CA casino, you benefit from state/tribal oversight, audited RNGs (for electronic games), and clearer consumer protections, but we’ll discuss it in more detail toward the end of this guide.

Taxation & Reporting Winnings in California

Gambling winnings are taxable income in California. Large payouts will also trigger federal reporting forms and state tax obligations.

Practically, if you win a jackpot, you should keep detailed records including receipts, withdrawal confirmations, and any tax documents. California also allows you to deduct gambling losses against winnings if you itemize, so consult a tax professional to comply with both federal and California state rules.

Sweepstakes Apps & What “Play for Cash” Means

Sweepstakes apps emulate casino play while working under a sweepstakes or promotional model. You basically purchase a bundle that includes a virtual currency and receive separate “sweep” credits that can be redeemed under the app’s rules. 

These models can sometimes allow players to “play for cash” indirectly without the operator holding a conventional casino license. However, sweepstakes operators have been targeted for a while and will be banned starting January 2026.

How We Picked the Best California Gambling Sites

We use a rigorous (and repeatable) methodology to assess reputation, game selection, banking speed/cost, and bonus fairness. Below, we show how we decide what’s good when it comes to online gambling in California.

Reputation

We cross-check user reviews, forum reports, payout histories, and complaints to gauge any site’s reputation. This is the first filter, as we prioritize brands that have long served US/California players and only consider sites worth testing if they have a solid reputation.

Game Selection

We examine the casino’s game selection and try slots, jackpots, table games, video poker, and live dealer games. We love to see depth in slots, blackjack, and poker variants, but also look for progressives and specialty games.

Sites that specialize in one can be best for focused players, but hybrid sites deliver flexibility and cater to a wider player pool. We generally rate selection as it determines how you can enjoy online gambling at California sites for the long term.

Banking

We care most about speed, fees, and method variety. We check whether they’re among the best crypto and bitcoin casinos, and whether they offer crypto rails (BTC, LTC, ETH), e-wallets, and card options, measuring typical withdrawal windows, KYC friction, and deposit bonus limitations across payment methods in California.

Fast crypto withdrawals consistently mean better player experiences, so we favor sites with reliable crypto processing and clear KYC flows. 

Bonus Terms

We read the fine print. We check out playthrough, eligible games, max cashable bonus amounts, game contribution, and finally, time limits. We don’t want to chase headline bonuses; we only want to promote offers that deliver real, practical value.

Why Is Ignition Our Best California Gambling Site

From this, you already get a hint as to why we rate Ignition so highly for online gambling in California with real money. Still, let’s check out some of the salient features we loved most.

High-RTP Slots & More

Ignition doesn’t have as many numbers as some other California gambling apps, but we’ve enjoyed the selection. You’ll find a number of high-RTP titles and many medium-volatility slots that really make finite bankrolls work.

Ignition pairs these with a great poker room and many RNG tables, giving players plenty of choice regardless of preference. That mix is the primary reason we recommend Ignition as a top California gambling site.

Crypto Banking

Ignition is one of the crypto gambling sites whose crypto rails are simple and reliable. You’ll be able to deposit instantly, play, and withdraw to on-chain wallets as soon as the site processes the cashout.

The speed of crypto withdrawals and low platform fees make Ignition particularly useful for Californians who want quick access to their funds. Our tests show crypto is both faster and simpler than traditional fiat banking, and Ignition lets you capitalize on it. 

Casual Player’s UX

Ignition’s lobby and mobile experience are designed for casual players and poker fans. From clear navigation to straightforward promotions, CA players will find everything that matters in seconds. Discover more of Ignition.

Benefits & Drawbacks of California Casinos

Let’s list some of the primary upsides and downsides to playing at top-rated casinos in California below.

Pros Cons
Large welcome bonuses Lower regulatory protection
Fast crypto banking Payout standards vary
A variety of casino games
Ample choice and flexibility in playing

Games You Can Play on California Gambling Sites

We turn our attention to some of the games California players can access at nearly every major casino, explaining each category and how you can benefit most from playing it.

Specialty & Social Games

Specialty and social games offer short sessions, from crash and instant-win games to virtual sports. They’re perfect if you want quick results and simpler rules with lower stakes more often than not. These games are mobile-friendly and work on most gambling apps in California, so pick these if you want quick entertainment with small wagers. 

Slots

Slots are the backbone of most California online gambling sites, and they come in many flavors. What we mean is you can choose between low and high volatility, fixed jackpots and progressives, and much more.

You want to choose high-RTP slots and balance volatility to your play style, with time and win frequency in mind. Progressive jackpots give the biggest upside but often reduce average RTP, with dozens available on sites such as Slots.lv.

Table Games

Table games deliver depth and lower house edges when played optimally. Blackjack, baccarat and roulette are all-time fan favorites with favorable rulesets where basic strategy can cut the house edge further. They’re perfect for a more controlled risk profile and can help you minimize expected loss.

Live Dealers

Live dealers bring the social, floor-level experience to your device. Offshore casinos often host dozens of games from global providers, each with its own rules and UX. Experienced players often go for live dealer sessions for a reason, although they cost more in time per hand than RNG equivalents.

Buying Guide to California Gambling Sites

Below, we address some lingering questions and aim to shed more light on any remaining concerns.

Is Gambling Legal in California?

Gambling is legal in California in specific forms, including tribal casinos and licensed cardrooms. The state-regulated online real-money casino market is not yet established.

Many residents use offshore sites or sweepstakes apps. However, the state has been tightening regulations on the latter, with a complete ban now set to take effect in January 2026. 

Can I Play Casino in California?

Yes, you can play at tribal casinos, cardrooms, and offshore online casinos that accept California players. If you’re playing online, choose reputable operators only and stick with well-reviewed sites.

What Are the Best California Gambling Sites?

Ignition is our best California gambling site for most CA players, mainly for its balance of bonuses, games, and fast crypto banking. There’s much more, though, and you should keep your preferences in mind when gauging any site’s current offers and T&Cs.

Is Online Poker Legal in California?

There’s no comprehensive statewide licensing for interstate online poker in California. State regulation is focused on tribal and land-based play, but many Californians use offshore poker rooms and casinos.

What Is the Fastest Way To Withdraw Money From a CA Online Casino?

Crypto (Bitcoin, Litecoin, Ethereum, USDT) is almost always the fastest withdrawal method at California casinos. It’s processed in hours and often even quicker, once the site releases funds. 

Comparison of the Top 5 California Gambling Sites

Still unsure where you want to set up camp? Here’s a quick overview of the options you have:

  • Ignition: Offering a $3,000 crypto welcome bonus, 400+ games, and the largest US poker network, Ignition is our best overall pick for California players. You get fast crypto withdrawals and a smooth overall UX, making it ideal for real-money online gambling California. 
  • Super Slots: A dream site for slot fans, with 1,500+ titles, a 300 free-spin welcome offer, and generous VIP rewards. It’s the top choice among online gambling sites in California for players who want non-stop slot action. 
  • Slots.lv: Known for $1.5 million progressive jackpots and 50+ jackpot titles. A 200% crypto bonus up to $3,000 sweetens the deal, but you’re bound to stay for the action and the promos aimed at slots lovers.
  • Voltage Bet: Blends casino, specialty, and sportsbook play with 1,800+ games and a 100% bonus up to $1,000. We find it perfect for people who enjoy fast arcade gaming and a mix of different betting options.
  • Bovada: Combining sports, poker, and casino, you’ll hardly find a California online gambling site that’s more complete. Its 125% crypto bonus (up to $3,750) and ultra-quick withdrawals make it a no-brainer too, offering a balanced choice for many different players. 

How To Sign Up to California Casinos

Ready to sign up? We offer a step-by-step guide on how to sign up to casinos in California below:

  1. Go to Ignition Casino’s official website
  2. Click “JOIN“ in the top-right corner
  3. Fill out your details (including email and phone)
  4. Confirm your phone number and set up a four-digit PIN
  5. Confirm your information 
  6. Click “Deposit” and choose your preferred deposit method
  7. Copy the link into your crypto wallet or fill out your card details
  8. Confirm the deposit and start playing in minutes!

California Gambling Banking Options

Below are common payment types and how they work for California players.

Crypto

Crypto is the fastest and most convenient option. Deposits are instant, and withdrawals take only site processing and network confirmations, so you get your money within hours. 

Fees will depend on network load, so that it may be more expensive than fiat banking. If speed is a priority, set up a wallet in advance and use crypto rails to minimize friction when cashing out.

E-Wallets

E-wallets reduce the bank details you need to provide and provide faster transfers than direct bank withdrawals in many cases. However, some sites restrict certain providers, while fees and limits vary, so make sure to check availability and pricing in the cashier.

Debit Cards

Cards are universally accepted for depositing, but they are less convenient for quick withdrawals. Card depositors should expect KYC and longer cashout windows in general, but these are still a practical fallback if you don’t use crypto.

Sweeps Coins & Vouchers

Sweeps models let players redeem promotional tokens under app rules, providing a different legal form of play while staying in compliance with some local interpretations. However, it seems we’re seeing the end of them—with a sweepstakes ban set for January 2026.

Available Bonuses at California Casinos

Here are some of the bonuses you can claim, where we focus on common types and where you can find them.

Bonus Type Description Pros Cons Where to find it
Welcome bonus First deposit match bonus for new players An early bankroll boost and bonus money to play Wagering requirements apply Ignition – 300% up to $3,000
Reload bonus Deposit match bonus for existing players Added value for existing players Lower match percentages, wagering requirements still apply Ignition – Weekly reloads for crypto depositors
Bonus spins  Added spins with no extra charge Free to check out new and featured games Low value with winnings capped Super Slots – 300 welcome spins
Cashback A percentage of losses returned as bonus balance A cushion for bad beats you may see Capped, usually very low Slots of Vegas – Up to 50% weekly

California Gambling: Tips & Tricks

Now that you’re ready to play, let us bid farewell with a couple of pieces of expert advice.

Setting Limits to Manage Bankroll

Decide on a weekly and monthly limit you can afford to lose before you start playing. Set up deposit caps where the site allows it, and use session timers and loss limits to your advantage.

Set up a plan with realistic stake sizes to meet wagering requirements if you’re using bonuses, and track total exposure across accounts if you’ll use multiple sites.

Picking Top Games

Match game choice to your goal as well. You want to pick medium-volatility high-RTP slots or 9/6 video poker for steady play and lower expected loss. On the other hand, you’ll pick progressive slots when you can absorb such variance for a shot at big wins.

Table games have a low house edge, so that you can play them for longer with strategy. However, if you’re clearing bonuses, they only contribute a small percentage, so you might want to go for games that contribute 100% instead.

Read Bonus T&Cs

From max cashout caps to lists of eligible games, and from contribution rates to total wagering requirements, you want to know the conditions you’re accepting in great detail. Don’t assume; read the full terms before you sign up or claim a bonus.

Deposit & Withdrawal Methods

For the fastest withdrawals, use crypto. However, if you’re more about convenience and want to stick to fiat banking, use e-wallets or cards—but do expect longer wait times. It’s best to pre-verify your account before your first cashout to avoid potential delays.

Gamble Responsibly – Always

Gambling should be entertainment. If it stops being fun, take a break. Use self-exclusion tools, deposit limits, and the support resources when needed. If gambling is affecting your health or relationships, seek professional assistance and never overlook the dangers.

Land-Based California Casinos

California’s tribal casinos are basically large resorts with slots, table games, and poker. If you plan to visit, bring ID, respect the house rules and comps, and be aware that some cardrooms operate under specific rules.

What You Should Know Before Visiting

Expect stricter age limits (21+), ID checks at entry, and sometimes different cash handling rules. If you’re playing poker, review the room’s rake structure and tournament schedules. If you’re going for slots, sign up for the loyalty club to earn comps and get a better return on play.

Also, check lodging and entertainment bundles, because resorts often bundle rooms with gambling incentives.

Best Known CA Casinos

Best-known tribal resorts include Pechanga Resort & Casino, Morongo Casino Resort & Spa, Thunder Valley, and Agua Caliente. All of these feature extensive gaming floors, have running shows, and provide hotel packages. Still, they’re distinct experiences, so check out reviews online and base your choice on the full trip experience you expect.

How California Gambling Takes Shape: Choosing Your Site

There are many California gambling sites, and we expect further growth in offshore traffic as the sweepstakes ban looms. 

Top casinos like Ignition offer big incentives (300% up to $3,000 here) but have a lot more to stay for – from quick banking options to top games you can play. 

Choose with your preferences in mind and ensure you’re getting what you need, whether it’s a specific payment method or a design that’s easy on the eye. We’ve provided a great starting spot for research, so let’s get your account up and running today!

While gambling can be fun, it can also be addictive. If you think you are developing a gambling addiction problem, call the National Gambling Helpline at 1-800-522-4700 to speak with a professional. 

Our guides and all gambling sites are 21+. Also, check with local laws if online gambling is legal in your area.


This article provides information about gambling platforms or casinos operating with cryptocurrencies. Crypto Economy is not affiliated with any of the mentioned services. We remind our readers that the use of crypto casinos involves inherent financial and legal risks, which may vary depending on the jurisdiction. This content is for informational purposes only and should not be interpreted as an investment or participation recommendation.

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