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Terms of Service

Last Updated: December 23, 2025

1. Acceptance of Terms

By accessing or using Turbine ("the 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 may not access or use the Platform.

2. Geographic Restrictions

IMPORTANT: The Platform is NOT available to residents, citizens, or persons located in the following jurisdictions:

  • United States of America and its territories
  • United Kingdom and its territories
  • Any jurisdiction where prediction markets or cryptocurrency trading is prohibited

By using the Platform, you represent and warrant that you are not located in, under the control of, or a national or resident of any restricted jurisdiction. We reserve the right to restrict access from any jurisdiction at our discretion.

3. Eligibility

You must meet the following requirements to use the Platform:

  • Be at least 18 years of age (or the age of majority in your jurisdiction)
  • Have the legal capacity to enter into binding contracts
  • Not be located in a restricted jurisdiction
  • Comply with all applicable laws and regulations in your jurisdiction

4. Description of Service

Turbine is a decentralized prediction market platform built on blockchain technology. Users can create markets, place orders, and trade outcome tokens representing predictions about future events. All trades are executed on-chain using smart contracts.

5. Risks and Disclaimers

WARNING: Trading on prediction markets involves significant risk. You acknowledge and accept the following risks:

  • Financial Loss: You may lose all funds deposited into the Platform
  • Smart Contract Risk: Smart contracts may contain bugs or vulnerabilities
  • Market Risk: Market outcomes are uncertain and may not reflect actual probabilities
  • Blockchain Risk: Blockchain networks may experience delays, failures, or congestion
  • Regulatory Risk: Regulatory treatment of prediction markets and cryptocurrencies is evolving
  • Liquidity Risk: Markets may have insufficient liquidity to execute trades at desired prices
  • Oracle Risk: Resolution of markets depends on third-party oracle systems (UMA Protocol)
  • Wallet Risk: Loss or compromise of your private keys results in permanent loss of funds

6. No Investment Advice

The Platform does not provide investment, financial, legal, or tax advice. All information on the Platform is for informational purposes only. You should consult with appropriate professionals before making any trading decisions.

7. User Responsibilities

You are solely responsible for:

  • Maintaining the security of your wallet and private keys
  • All trading decisions and their consequences
  • Ensuring compliance with applicable laws and regulations
  • Payment of any applicable taxes on trading gains
  • Conducting your own research before trading
  • Understanding how the Platform and smart contracts function

8. Prohibited Activities

You may not:

  • Use the Platform for any illegal purpose or in violation of any laws
  • Manipulate markets or engage in market manipulation
  • Create markets on illegal activities or engage in illegal content
  • Attempt to exploit bugs or vulnerabilities in the Platform
  • Interfere with or disrupt the Platform's operation
  • Use automated systems (bots) without prior authorization
  • Impersonate others or provide false information
  • Engage in wash trading or other deceptive practices

9. Points Campaign

9.1 No Inherent Value

POINTS HAVE ABSOLUTELY NO INHERENT VALUE. Points earned through the Turbine Points Campaign ("Points") are purely a promotional metric used to track user engagement and activity on the Platform. Points:

  • Do NOT represent or entitle you to any equity, ownership, or stake in Turbine or any affiliated entity
  • Do NOT represent or entitle you to any airdrop, token distribution, or future cryptocurrency
  • Do NOT constitute securities, financial instruments, or investment products of any kind
  • Have NO monetary value and CANNOT be sold, transferred, or exchanged for cash or cryptocurrency
  • Do NOT create any contractual, legal, or fiduciary relationship between you and Turbine

9.2 No Guarantee of Continuation

We reserve the right to modify, suspend, or terminate the Points Campaign at any time, for any reason, without notice or liability. We have no obligation to:

  • Continue operating the Points Campaign
  • Maintain any Points balances
  • Convert Points into any other form of value or benefit
  • Provide any rewards, airdrops, or distributions based on Points

9.3 Point Deletion and Modification

We reserve the right, at our sole discretion and without notice, to:

  • Delete, reduce, or modify your Points balance at any time
  • Disqualify you from the Points Campaign
  • Change how Points are calculated, awarded, or displayed
  • Implement caps, limits, or restrictions on Points accumulation

9.4 Prohibited Activities

The following activities may result in immediate disqualification from the Points Campaign and deletion of all Points, at our sole discretion:

  • Self-referrals: Creating multiple accounts or referring yourself
  • Wash trading: Trading with yourself or coordinated entities to artificially inflate trading volume
  • Sybil attacks: Creating multiple accounts to game the Points system
  • Market manipulation: Any attempts to manipulate markets or trading activity
  • Bot usage: Using automated systems to accumulate Points
  • Exploiting bugs: Taking advantage of bugs or vulnerabilities in the Points system
  • Collusion: Coordinating with other users to game the system
  • Any other activity we deem, in our sole discretion, to be fraudulent or abusive

9.5 Geographic Restrictions for Points

Points are NOT available to and cannot be earned by:

  • Users located in the United States
  • Users in any jurisdiction where such promotional campaigns are prohibited
  • Users who are otherwise prohibited from using the Platform

If you are located in a restricted jurisdiction, any Points accumulated will be void and may be deleted without notice.

9.6 No Expectation of Value

By participating in the Points Campaign, you acknowledge and agree that:

  • You have NO expectation that Points will have any future value
  • You are NOT participating based on any promise, guarantee, or expectation of future rewards
  • Any communication about Points does not constitute a promise of future value
  • We have made NO representations about potential future airdrops, token distributions, or rewards

9.7 Tax Implications

You are solely responsible for determining any tax implications of participating in the Points Campaign. We make no representations regarding the tax treatment of Points.

10. Smart Contracts and Blockchain

The Platform operates using smart contracts deployed on blockchain networks. Once executed, blockchain transactions are irreversible. We have no ability to reverse, cancel, or modify transactions. You acknowledge that:

  • Smart contracts are provided "as is" without warranties
  • We are not responsible for smart contract bugs or failures
  • Blockchain transaction fees (gas fees) are your responsibility
  • Blockchain networks may experience delays or congestion

11. Market Resolution

Markets are resolved using the UMA Protocol's Optimistic Oracle system. Resolution proposals can be disputed during the challenge period. We are not responsible for market resolutions or disputes. Final resolution is determined by UMA token holders through decentralized voting if disputes arise.

12. Fees

The Platform may charge fees for certain operations. Current fees include:

  • Trading fees (if applicable)
  • Market creation fees (if applicable)
  • Blockchain network transaction fees (gas fees)

We reserve the right to modify fees at any time. Continued use of the Platform after fee changes constitutes acceptance of the new fees.

13. Intellectual Property

The Platform and its content, including but not limited to text, graphics, logos, and software, are owned by us or our licensors and are protected by intellectual property laws. You may not reproduce, distribute, or create derivative works without our permission.

14. Privacy

As a decentralized platform, we do not collect or store personal information. However, all blockchain transactions are publicly visible and permanently recorded. Wallet addresses and trading activity can be traced on the blockchain.

15. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES, WHETHER INCURRED DIRECTLY OR INDIRECTLY, OR ANY LOSS OF DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES.

WE ARE NOT LIABLE FOR ANY LOSSES RESULTING FROM:

  • Smart contract bugs or vulnerabilities
  • Blockchain network failures or delays
  • Market manipulation by third parties
  • Oracle errors or disputes
  • Loss or theft of wallet credentials
  • Regulatory actions or changes in law
  • Inability to access the Platform

16. Indemnification

You agree to indemnify and hold harmless Turbine, its affiliates, and their respective officers, directors, employees, and agents from any claims, damages, losses, liabilities, and expenses (including legal fees) arising from your use of the Platform or violation of these Terms.

17. Termination

We reserve the right to terminate or suspend your access to the Platform at any time, without notice, for any reason, including violation of these Terms. Due to the decentralized nature of the Platform, we cannot prevent you from interacting directly with smart contracts.

18. Modifications to Terms

We may modify these Terms at any time. We will provide notice of material changes by updating the "Last Updated" date. Your continued use of the Platform after changes constitutes acceptance of the modified Terms.

19. Dispute Resolution

Any disputes arising from these Terms or your use of the Platform shall be resolved through binding arbitration in accordance with the rules of a mutually agreed arbitration association. You waive any right to participate in class actions.

20. Governing Law

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

21. Severability

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

22. Entire Agreement

These Terms constitute the entire agreement between you and Turbine regarding the use of the Platform and supersede all prior agreements and understandings.

23. Contact Information

If you have questions about these Terms, please contact us through our official channels.

BY USING THE PLATFORM, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS OF SERVICE.