Terms of Service

1.1 Agreement to Terms

These Terms of Service ("Terms," "Agreement," or "TOS") constitute a legally binding agreement between you ("User," "you," or "your") and Unhedged Limited ("Company," "Unhedged," "we," "us," or "our"), governing your access to and use of the Unhedged prediction markets platform, including our website, applications, APIs, and related services (collectively, the "Platform" or "Services").

1.2 Eligibility

To access and use the Platform, you must:

1. Be at least eighteen (18) years of age, or the age of legal majority in your jurisdiction, whichever is higher;
2. Have the legal capacity to enter into binding contracts;
3. Not be a resident of, located in, or accessing the Platform from any Restricted Jurisdiction (as defined in Section 4);
4. Not be subject to any sanctions administered by the United States, European Union, United Kingdom, United Nations, Singapore, or any other applicable jurisdiction;
5. Not be prohibited from using the Platform under the laws of your jurisdiction;
6. Comply with all applicable laws and regulations in your jurisdiction regarding online prediction markets, digital assets, and related activities.

1.3 Modifications to Terms

We reserve the right to modify, amend, or update these Terms at any time in our sole discretion. Material changes will be communicated through the Platform or via email to registered users. Your continued use of the Platform after such modifications constitutes acceptance of the updated Terms.

2.1 Platform Overview

Unhedged is a decentralized prediction markets platform built on Canton Network that allows eligible users to:

1. Participate in prediction markets by placing bets ("Positions") on the outcomes of real-world events;
2. Receive payouts based on correct predictions;
3. View market data, statistics, and analytics;
4. Access portfolio management and tracking features.

2.2 Canton Coin (CC)

All transactions on the Platform are conducted using Canton Coin ("CC"), the native digital token of Canton Network. CC is a digital asset with real market value. By using the Platform, you acknowledge that:

1. CC is a cryptocurrency subject to price volatility;
2. Transactions in CC are recorded on the Canton blockchain and are generally irreversible;
3. You are responsible for the security of your wallet and private keys;
4. The Company does not custody user funds—all CC remains in your non-custodial wallet.

2.3 Market Mechanics

1. Market Creation: Markets are created by authorized administrators and define a question, possible outcomes, and resolution criteria.
2. Position Entry: Users place Positions by transferring CC to a smart contract escrow. Once confirmed, Positions are locked until market resolution.
3. Market Resolution: Markets are resolved by designated administrators based on verifiable real-world outcomes.
4. Automatic Payouts: Upon resolution, winnings are automatically transferred to winning participants' wallets. No manual claiming is required.
5. Voided Markets: In exceptional circumstances, markets may be voided, resulting in automatic refund of all Positions without fees.

2.4 Platform Fees

1. Platform Fee: A fee of two percent (2%) is deducted from the losing pool upon market resolution. Winners do not pay platform fees.
2. Network Fees: Canton Network transaction fees ("gas fees") apply to on-chain operations.
3. Fee Modifications: We reserve the right to modify fee structures with reasonable notice to users.

3.1 Wallet Connection

The Platform operates on a non-custodial basis. Access requires connecting a compatible wallet (e.g., Loop Wallet). We do not:

1. Store, custody, or control your private keys;
2. Have the ability to access, freeze, or recover your wallet;
3. Bear responsibility for lost or compromised wallet credentials.

3.2 Account Responsibility

You are solely responsible for:

1. Maintaining the confidentiality and security of your wallet credentials;
2. All activities conducted through your connected wallet;
3. Ensuring sufficient CC balance for Positions and network fees;
4. The accuracy of information provided to the Platform.

3.3 Know Your Customer (KYC)

We may, at our discretion or as required by law, implement Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. By using the Platform, you agree to provide requested verification documentation and consent to background checks.

4.1 Restricted Jurisdictions

The Platform is NOT available to users who are residents of, located in, or accessing from the following jurisdictions (collectively, "Restricted Jurisdictions"):

Regulatory Restrictions:

• United States of America (including territories)
• United Kingdom
• France
• Singapore
• Canada (Ontario)
• Australia
• Belgium
• Poland

Sanctioned Jurisdictions:

• Iran
• North Korea (DPRK)
• Cuba
• Syria
• Russia
• Belarus
• Crimea Region

4.2 Geoblocking

We implement technical measures, including IP-based geoblocking, to prevent access from Restricted Jurisdictions. Attempts to circumvent these measures (including through VPNs, proxies, or similar technologies) constitute a material breach of these Terms.

4.3 Prohibited Users

The following persons are prohibited from using the Platform:

1. Persons on any sanctions list maintained by OFAC, the EU, UK, UN, or Singapore;
2. Politically Exposed Persons (PEPs) in jurisdictions where such participation is prohibited;
3. Persons who have been convicted of financial crimes, fraud, or gambling-related offenses;
4. Persons acting on behalf of any of the above.

4.4 User Representations

By using the Platform, you represent and warrant that:

1. You are not a resident of, located in, or accessing the Platform from any Restricted Jurisdiction;
2. You are not a Prohibited User;
3. You are using the Platform for your own account and not on behalf of any third party;
4. Your use of the Platform does not violate any applicable law or regulation.

5.1 General Risks

YOU ACKNOWLEDGE AND ACCEPT THAT:

1. Loss of Funds: Participation in prediction markets involves substantial risk of loss. You may lose some or all of your Position. Never place Positions you cannot afford to lose.
2. No Guarantees: Past performance does not indicate future results. There is no guarantee of returns on any Position.
3. Market Volatility: Both prediction market odds and CC value are subject to volatility. The value of your holdings may fluctuate significantly.
4. Smart Contract Risks: The Platform relies on smart contracts that may contain bugs, vulnerabilities, or errors despite auditing.
5. Technical Risks: Network congestion, software failures, hacking, and other technical issues may result in delayed or failed transactions, loss of funds, or other adverse outcomes.
6. Regulatory Risks: The legal status of prediction markets varies by jurisdiction and may change. Regulatory actions may affect your ability to use the Platform or access your funds.

5.2 Not Investment Advice

Nothing on the Platform constitutes investment, financial, legal, or tax advice. Prediction market participation should not be considered an investment strategy. Consult qualified professionals before making financial decisions.

5.3 Not Gambling

Unhedged operates as an information aggregation and prediction market platform. Markets on Unhedged are designed to aggregate collective intelligence and provide probability estimates for future events. However, the legal classification of prediction markets varies by jurisdiction, and you are responsible for determining the legality of your participation under applicable local laws.

5.4 Disclaimer of Warranties

WE DO NOT WARRANT THAT:

1. The Platform will meet your requirements;
2. The Platform will be uninterrupted, timely, secure, or error-free;
3. The results obtained from the Platform will be accurate or reliable;
4. Any errors will be corrected.

6.1 Limitation

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE COMPANY, ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, AFFILIATES, PARTNERS, OR LICENSORS BE LIABLE FOR:

1. ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES;
2. ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR OTHER INTANGIBLE LOSSES;
3. ANY DAMAGES ARISING FROM:
   • Your use or inability to use the Platform;
   • Unauthorized access to or alteration of your transmissions or data;
   • Statements or conduct of any third party on the Platform;
   • Smart contract vulnerabilities or failures;
   • Canton Network or blockchain failures;
   • Market resolution outcomes;
   • Price fluctuations of CC or other digital assets;
   • Your failure to maintain wallet security;
   • Regulatory actions affecting the Platform;

REGARDLESS OF THE THEORY OF LIABILITY (CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE) AND EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

6.2 Cap on Liability

6.3 Jurisdictional Limitations

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN WARRANTIES OR LIABILITIES. IN SUCH JURISDICTIONS, OUR LIABILITY SHALL BE LIMITED TO THE MAXIMUM EXTENT PERMITTED BY LAW.

8.1 Company IP

The Platform, including its software, design, logos, trademarks, and content (excluding user-generated content), is owned by or licensed to the Company and is protected by intellectual property laws. You are granted a limited, non-exclusive, non-transferable license to access and use the Platform in accordance with these Terms.

8.2 Restrictions

You may not:

1. Copy, modify, or create derivative works of the Platform;
2. Reverse engineer, decompile, or disassemble any aspect of the Platform;
3. Remove, alter, or obscure any proprietary notices;
4. Use the Platform for any unauthorized or unlawful purpose.

8.3 Feedback

Any feedback, suggestions, or ideas you provide regarding the Platform may be used by us without obligation or compensation to you.

9.1 Termination by User

You may discontinue use of the Platform at any time. Active Positions remain locked until market resolution regardless of account status.

9.2 Termination by Company

We may, in our sole discretion, suspend or terminate your access to the Platform immediately and without notice if:

1. You breach any provision of these Terms;
2. You are or become a resident of a Restricted Jurisdiction;
3. We are required to do so by law or regulatory order;
4. We reasonably believe your continued use poses a risk to the Platform, its users, or the Company;
5. We discontinue the Platform or any portion thereof.

9.3 Effect of Termination

Upon termination:

1. Your right to access the Platform ceases immediately;
2. Active Positions will be processed according to their terms (resolution or voiding);
3. Provisions that by their nature should survive termination shall survive.

10.1 Governing Law

These Terms shall be governed by and construed in accordance with the laws of Singapore, without regard to its conflict of law principles.

10.2 Arbitration

Any dispute, controversy, or claim arising out of or relating to these Terms or the Platform, including the validity, invalidity, breach, or termination thereof, shall be resolved by arbitration administered by the Singapore International Arbitration Centre (SIAC) in accordance with the SIAC Arbitration Rules in force at the time of filing.

1. Seat of Arbitration: Singapore
2. Language: English
3. Number of Arbitrators: One (1)
4. Governing Law of Agreement: Singapore law

10.3 Waiver of Class Action

10.4 Time Limitation

Any claim or cause of action arising from or relating to these Terms or the Platform must be filed within one (1) year after such claim or cause of action arose, or it shall be forever barred.

11.1 Entire Agreement

These Terms, together with the Privacy Policy, Risk Disclosure, Acceptable Use Policy, and any other policies incorporated by reference, constitute the entire agreement between you and the Company regarding the Platform.

11.2 Severability

If any provision of these Terms is held to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect.

11.3 Waiver

No waiver of any term shall be deemed a further or continuing waiver of such term or any other term. Our failure to enforce any right or provision shall not constitute a waiver.

11.4 Assignment

You may not assign or transfer these Terms or your rights hereunder without our prior written consent. We may assign our rights and obligations without restriction.

11.5 Force Majeure

We shall not be liable for any failure or delay in performance due to causes beyond our reasonable control, including natural disasters, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, accidents, pandemics, strikes, or shortages of transportation, facilities, fuel, energy, labor, or materials.

11.6 No Partnership

Nothing in these Terms creates a partnership, joint venture, agency, or employment relationship between you and the Company.

11.7 Notices

Notices to you may be made via the Platform, email, or blockchain transactions. Notices to us should be sent to: [email protected]

11.8 Language

These Terms are drafted in English. If translated into any other language, the English version shall prevail in case of conflict.