Terms of Service
Last Updated: December 22, 2024
1. Acceptance of Terms
By accessing or using PolymarketV2 ("Platform," "we," "us," or "our"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you must not access or use the Platform.
These Terms constitute a legally binding agreement between you and PolymarketV2. Your use of the Platform is also governed by our Privacy Policy.
2. Eligibility
To use PolymarketV2, you must:
- Be at least 18 years of age
- Have the legal capacity to enter into a binding agreement
- Not be a resident of a Restricted Jurisdiction (see Section 3)
- Not be subject to any sanctions or restrictions that would prohibit your use
- Have a compatible cryptocurrency wallet
By using the Platform, you represent and warrant that you meet all eligibility requirements. We reserve the right to verify your eligibility at any time.
3. Geographic Restrictions
PolymarketV2 is NOT available in the following jurisdictions:
United States and Territories
United States of America, American Samoa, Guam, Northern Mariana Islands, Puerto Rico, U.S. Virgin Islands, and U.S. Minor Outlying Islands.
OFAC Sanctioned Countries
Iran, Cuba, North Korea, Syria, Russia, Belarus, Venezuela, and Crimea region.
Countries with Gambling Restrictions
United Kingdom, France, Belgium, Poland, Singapore, Australia, Taiwan, Thailand, and Ontario (Canada).
Other Restricted
Bolivia.
Important Notice
Using VPNs, proxies, or other methods to circumvent geographic restrictions is strictly prohibited and constitutes a violation of these Terms. Such violations may result in immediate account termination and forfeiture of any funds.
4. Permitted Jurisdictions
PolymarketV2 is available in most countries not listed above, including but not limited to:
Europe: Germany, Spain, Italy, Netherlands, Portugal, Sweden, Norway, Denmark, Austria, Switzerland, Ireland, Czech Republic, Greece, Finland, Hungary, Romania, and other EU countries not restricted.
Americas: Mexico, Brazil, Argentina, Colombia, Chile, Peru, Canada (except Ontario), and most Latin American countries.
Asia-Pacific: Japan, South Korea, India, Indonesia, Philippines, Vietnam, Malaysia, New Zealand, and other countries not restricted.
Middle East & Africa: UAE, Saudi Arabia, Qatar, Israel, Turkey, Nigeria, South Africa, Kenya, and other countries not restricted.
5. Nature of the Platform
PolymarketV2 is a decentralized prediction market platform built on the Solana blockchain. The Platform allows users to create and participate in prediction markets on various topics.
Risk Warning
- • Participation in prediction markets involves significant financial risk
- • You may lose some or all of your deposited funds
- • Past performance does not guarantee future results
- • Cryptocurrency values are highly volatile
- • Smart contracts may contain bugs or vulnerabilities
- • This is NOT investment advice or financial advice
6. User Responsibilities
By using the Platform, you agree to:
- Provide accurate and truthful information
- Maintain the security of your wallet and private keys
- Comply with all applicable laws and regulations in your jurisdiction
- Not use the Platform for any illegal or unauthorized purpose
- Not attempt to manipulate markets or engage in fraudulent activity
- Not use automated bots or scripts without authorization
- Not harass, abuse, or harm other users
- Not create markets with misleading, defamatory, or illegal content
7. Market Resolution
Markets on PolymarketV2 are resolved by the market creator based on publicly verifiable information. While we strive for accurate resolutions:
- We do not guarantee the accuracy of any market resolution
- Disputes may arise and are handled on a case-by-case basis
- Resolution decisions, once finalized on the blockchain, are generally irreversible
- We reserve the right to cancel markets that violate our policies
8. Fees
PolymarketV2 charges fees on predictions placed on the Platform:
- Platform Fee: 4% of each prediction amount
- Market Creator Fee: 1% of each prediction amount
- Total Fee: 5% deducted at the time of prediction
Additionally, standard Solana network transaction fees apply. Fees are non-refundable.
9. Intellectual Property
The Platform, including its design, features, and content (excluding user-generated content), is owned by PolymarketV2 and protected by intellectual property laws. You may not copy, modify, distribute, or create derivative works without our express written permission.
10. Disclaimer of Warranties
THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. WE DISCLAIM ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO:
- MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE
- ACCURACY, RELIABILITY, OR COMPLETENESS OF CONTENT
- UNINTERRUPTED OR ERROR-FREE OPERATION
- SECURITY OF THE PLATFORM OR YOUR FUNDS
- RESULTS OBTAINED FROM USE OF THE PLATFORM
11. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, HYPOMARKET AND ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO:
- LOSS OF PROFITS, DATA, OR GOODWILL
- LOSS OF CRYPTOCURRENCY OR FUNDS
- SMART CONTRACT FAILURES OR VULNERABILITIES
- UNAUTHORIZED ACCESS TO YOUR WALLET
- MARKET MANIPULATION BY THIRD PARTIES
- INCORRECT MARKET RESOLUTIONS
OUR TOTAL LIABILITY SHALL NOT EXCEED THE AMOUNT OF FEES YOU PAID TO US IN THE PRECEDING 12 MONTHS.
12. Indemnification
You agree to indemnify, defend, and hold harmless PolymarketV2 and its affiliates from any claims, damages, losses, liabilities, and expenses (including legal fees) arising from:
- Your use of the Platform
- Your violation of these Terms
- Your violation of any third-party rights
- Your violation of applicable laws
13. Dispute Resolution & Governing Law
These Terms shall be governed by and construed in accordance with the laws of Panama, without regard to conflict of law principles.
Any dispute arising from these Terms or your use of the Platform shall be resolved through binding arbitration in Panama City, Panama, in accordance with the rules of the International Chamber of Commerce (ICC).
You waive any right to participate in a class action lawsuit or class-wide arbitration.
14. Termination
We reserve the right to suspend or terminate your access to the Platform at any time, with or without cause, and with or without notice. Upon termination:
- Your right to use the Platform ceases immediately
- Funds in active markets will be handled according to market rules or may be forfeited if termination was due to Terms violation
- Sections 10-13 (Disclaimers, Liability, Indemnification, Dispute Resolution) survive termination
15. Changes to Terms
We may modify these Terms at any time. Changes will be effective when posted on the Platform. Your continued use of the Platform after changes constitutes acceptance of the modified Terms.
16. Contact
For questions about these Terms, please contact us at:
Email: legal@polymarketv2.com
17. Severability
If any provision of these Terms is found to be unenforceable, the remaining provisions shall continue in full force and effect.
By using PolymarketV2, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.