Taking the view that infinite plays are draws, we study Conway non-terminating games and non-losing strategies. These admit a sharp coalgebraic presentation, where non-terminating games are seen as a final coalgebra and game contructors, such as disjunctive sum, as final morphisms. We have shown, in a previous paper, that Conway’s theory of terminating games can be rephrased naturally in terms of game (pre)congruences. Namely, various conceptually independent notions of equivalence can be defined and shown to coincide on Conway’s terminating games. These are the equivalence induced by the ordering on surreal numbers, the contextual equivale...