Is Venmo Winner a Scam on Instagram?

Although there is a Venmo Winners promotion, there are a lot of "Venmo Winners" scams circulating on Instagram, Facebook, and via text messages. Below is a Venmo text scam being sent by scammers to trick their potential victims into clicking the link in it that goes to a phishing website. The phishing website, disguised as a survey, steals personal and financial information and may send potential victims to malicious websites that trick them into downloading malware.