By using the Platform, you acknowledge you have read and accepted these disclosures. Read this in its entirety before using the Platform.

1. General Risks

1.1 No Investment Advice

The Company is not a broker, intermediary, agent, advisor, or fiduciary. No communication from the Company or through the Platform constitutes financial, investment, legal, or tax advice. You are solely responsible for your financial decisions. You should consult qualified professionals before making any decisions related to digital assets or prediction markets.

1.2 Volatility and Loss

Digital Asset values can fluctuate significantly over short periods of time. You may lose your entire investment. Past performance is not indicative of future results. No representation or guarantee is made regarding future value, returns, or price stability of any Digital Asset accessible through the Platform.

1.3 Regulatory Uncertainty

Digital assets and prediction markets operate in rapidly evolving regulatory environments. Regulatory changes could materially affect the Platform, Services, or Digital Asset values. You are solely responsible for determining compliance with Applicable Laws in your jurisdiction.

1.4 Tax Liability

You are solely responsible for all tax obligations arising from your use of the Platform. The tax treatment of Digital Assets and prediction market positions varies by jurisdiction and is subject to change. The Company does not provide tax advice and does not withhold taxes on your behalf.

2. Blockchain and Smart Contract Risks

2.1 Smart Contract Vulnerabilities

Smart contracts may contain bugs, vulnerabilities, or exploitable flaws that could result in loss of funds. Code is immutable once deployed. The Company engages in security audits but cannot guarantee the absence of vulnerabilities. You interact with smart contracts entirely at your own risk.

2.2 Transaction Irreversibility

Blockchain transactions are irreversible once confirmed on the network. If you send Digital Assets to an incorrect address, interact with a malicious contract, or execute a transaction in error, the Company has no ability to reverse, cancel, or recover the transaction. You are solely responsible for verifying all transaction details before confirming.

2.3 Network Risks

Blockchain networks may experience congestion, delays, forks, reorganisations, 51% attacks, or other disruptions that could affect your ability to transact or the finality of transactions. Gas fees fluctuate based on network demand and may be substantial relative to the value of your transaction. The Company does not control blockchain networks and is not responsible for any losses resulting from network disruptions or fee volatility.

2.4 MEV and Front-Running

Transactions submitted to public blockchain networks may be visible in the mempool prior to confirmation, exposing them to Maximal Extractable Value (MEV) attacks, front-running, and sandwich attacks. The Company is not responsible for losses attributable to MEV extraction or front-running.

2.5 Wallet Security

You are solely responsible for Wallet security, including safeguarding your private keys, seed phrases, and access credentials. Loss of private keys means permanent loss of all assets in that Wallet. The Company does not have access to your Wallet credentials and cannot recover lost funds.

3. Prediction Market Risks

3.1 Binary Outcome Risk

Contract positions are binary. You lose your entire position if the outcome resolves against you. There are no partial payouts for losing positions. You should only risk amounts you can afford to lose entirely.

3.2 Resolution Risk

Markets are resolved through the UMA Optimistic Oracle. Any participant may propose or dispute an outcome by posting a bond. While this provides a decentralised and open resolution process, outcomes can be disputed, and the process can result in an outcome different from the one you expected. Posting a bond to propose or dispute an outcome puts that bond at risk. The Market Creator has no special rights or control over resolution.

3.3 Emergency Refund

If a market is not resolved within 30 days of expiration, the Emergency Refund mechanism is activated, allowing users to reclaim their collateral on a pro-rata basis. The Emergency Refund may not result in full recovery of your original investment.

3.4 Order Book and Liquidity Risk

Markets trade through a central limit order book. Prices are determined by the orders users place. Low liquidity markets may have wide spreads and significant slippage, meaning the price you receive may differ materially from the displayed price. There is no guarantee of liquidity at any price level. Large trades relative to available orders will experience disproportionate price impact.

3.5 Self-Dealing Risk

The platform prohibits Market Creators from wash trading or generating fake volume to earn fee share or points. The smart contracts and platform enforce checks to detect and prevent this. However, sophisticated actors may attempt to circumvent these controls. Exercise appropriate caution when participating in markets.

3.6 Collateral Segregation

Each prediction market Contract holds its own collateral in a separate smart contract. There is no commingling of collateral across markets. However, all markets use the same factory contract for deployment, meaning a vulnerability in the factory contract could theoretically affect multiple markets.

4. Market Creation Risks

4.1 Capital at Risk

Seeding a market and providing liquidity can result in partial or total loss of the committed capital. Returns are not guaranteed. When your orders are filled, you take on a position and are exposed to the market outcome. You can lose money if your filled orders are on the wrong side of the final outcome.

4.2 No Control Over Outcome

As a Market Creator, you do not control how your market resolves. Resolution is determined by the UMA Optimistic Oracle. Creating a market gives you fee share, not control over the result.

4.3 No Reward Guarantee

Fee share, points, and other rewards depend on genuine third-party trading volume in your market and are not guaranteed. A market that attracts no volume earns no rewards and may be delisted with loss of the Creation Bond.

4.4 Not a Deposit or Investment Product

Seeding a market is not a deposit, savings product, or investment in the platform. It is liquidity provision in a prediction market and carries the risks described here. This is not advice. You are responsible for whether this is legal and how it is taxed where you live.

5. Securities Law Notice

THIS SECTION CONTAINS IMPORTANT INFORMATION ABOUT THE REGULATORY STATUS OF PREDICTION MARKET POSITIONS AND THE PLATFORM. READ IT CAREFULLY.

5.1 Potential Securities Classification

Prediction market positions may constitute securities or regulated financial instruments in certain jurisdictions. The Company makes no determination regarding the legal classification of any position. You are solely responsible for assessing whether your use of the Platform complies with Applicable Laws in your jurisdiction.

5.2 United States Law (Howey Test)

Under United States federal securities law, a digital asset may be classified as a security if it satisfies the test established in SEC v. W.J. Howey Co., 328 U.S. 293 (1946). The United States and its territories are Prohibited Jurisdictions. Users located in or subject to the jurisdiction of the United States must not use the Platform.

5.3 European Union Law (MiCA and Prospectus Regulation)

The Company has not obtained authorisation as a CASP under MiCA. No prospectus has been prepared or approved. Key EU Member States, including but not limited to France, Germany, Italy, Spain, and the Netherlands, are Prohibited Jurisdictions.

5.4 United Kingdom Law (FCA Framework)

The Company has not obtained FCA authorisation. The United Kingdom is a Prohibited Jurisdiction.

5.5 Curacao Law

The Company is incorporated in Curacao and operates the Platform as a technology provider. The Company does not issue, underwrite, or make markets in securities. The regulatory framework in Curacao for digital assets and prediction markets continues to evolve.

5.6 No Offer or Solicitation

NOTHING ON THIS PLATFORM CONSTITUTES AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION OF ANY SECURITY, FINANCIAL INSTRUMENT, OR INVESTMENT PRODUCT. NO REGULATORY AUTHORITY HAS REVIEWED, APPROVED, OR ENDORSED THE PLATFORM. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE.

6. Custody Model Disclosure

Classification: Self-custody with smart-contract settlement and oracle-based resolution.

6.1 User Wallet Control

Users maintain sole control of their Wallets and private keys at all times. The Company does not hold, custody, or have access to user funds or Wallet credentials.

6.2 Smart Contract Collateral

Collateral deposited into prediction market Contracts is held by the respective smart contracts, not by the Company. Smart contract-held collateral is governed by the immutable logic of the deployed code. The Company cannot unilaterally withdraw, redirect, or modify collateral held in smart contracts, except through the designated resolution or emergency refund functions.

6.3 Oracle-Based Resolution

Market resolution is determined by the UMA Optimistic Oracle, not by the Company. Any participant may propose or dispute an outcome. The Company does not have a privileged role in the resolution process. Resolution bonds are posted by the participants proposing and disputing outcomes, and are at risk if the proposed outcome is successfully disputed.

7. Platform and Operational Risks

7.1 Geographic Restrictions

The Platform is not available in Prohibited Jurisdictions. The Company implements geographic restrictions but these measures are not infallible. You are solely responsible for ensuring compliance.

7.2 Interface Risk

The Interface may contain errors, display inaccurate or delayed data, or experience downtime. The Protocol continues to operate on the blockchain regardless of Interface availability. The Company is not liable for losses resulting from Interface errors or downtime.

7.3 Third-Party Dependencies

The Platform relies on third-party infrastructure and services. The failure of any third-party service may adversely affect the Platform.

8. Third-Party and Cross-Platform Risks

8.1 Casino and Gaming Services

The Company or its affiliates may operate casino and gaming services under the Blizz brand or related brands. These are separate and distinct from the Blizz Markets prediction market platform. Different terms of service, risk profiles, and regulatory frameworks apply.

9. Acknowledgment

BY USING THE PLATFORM, YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT:

YOU HAVE READ, UNDERSTOOD, AND ACCEPTED THESE RISK DISCLOSURES IN THEIR ENTIRETY.
YOU UNDERSTAND THAT DIGITAL ASSETS AND PREDICTION MARKETS INVOLVE SUBSTANTIAL RISK OF LOSS, INCLUDING THE POTENTIAL LOSS OF YOUR ENTIRE INVESTMENT.
YOU ARE SOLELY RESPONSIBLE FOR YOUR FINANCIAL DECISIONS AND HAVE NOT RELIED ON ANY ADVICE, RECOMMENDATION, OR REPRESENTATION FROM THE COMPANY.
YOU UNDERSTAND THAT SMART CONTRACTS ARE EXPERIMENTAL TECHNOLOGY AND MAY CONTAIN VULNERABILITIES.
YOU UNDERSTAND THAT PREDICTION MARKET CONTRACTS ARE RESOLVED THROUGH THE UMA OPTIMISTIC ORACLE AND THAT MARKET CREATORS HAVE NO CONTROL OVER RESOLUTION.
YOU UNDERSTAND THAT MARKET CREATION IS LIQUIDITY PROVISION, NOT A DEPOSIT OR INVESTMENT, AND THAT RETURNS ARE NOT GUARANTEED.
YOU UNDERSTAND THAT THE COMPANY DOES NOT PROVIDE CUSTODY SERVICES AND THAT YOU ARE SOLELY RESPONSIBLE FOR YOUR WALLET SECURITY.
YOU HAVE DETERMINED THAT YOUR USE OF THE PLATFORM COMPLIES WITH ALL APPLICABLE LAWS IN YOUR JURISDICTION.
YOU ARE NOT LOCATED IN, INCORPORATED IN, OR A CITIZEN OR RESIDENT OF A PROHIBITED JURISDICTION.
YOU ACCEPT FULL RESPONSIBILITY FOR ALL RISKS ASSOCIATED WITH YOUR USE OF THE PLATFORM.

IF YOUR USE OF THE PLATFORM IS PROHIBITED OR RESTRICTED BY APPLICABLE LAW, YOU MUST NOT ACCESS OR USE THE PLATFORM.

Risk Disclosures and Disclaimers