Terms of Service
Last Updated: January 31, 2025
Welcome to Lolymarket! By accessing or using our platform, you agree to be bound by these Terms of Service ("Terms"). Please read them carefully before participating in any events on Lolymarket.
1. Acceptance of Terms
By accessing, browsing, or using Lolymarket (the "Platform"), you confirm that you have read, understood, and agree to be bound by these Terms, as well as our Privacy Policy. If you do not agree to these Terms, you must discontinue using the Platform.
2. Eligibility
To use Lolymarket, you must:
Be at least 18 years old (or the age of majority in your jurisdiction).
Not be a resident of a restricted jurisdiction where participation in prediction markets is prohibited.
Not be using the platform for illicit or unlawful activities.
By using the Platform, you represent and warrant that you meet these eligibility requirements.
3. Nature of the Platform
Lolymarket is a decentralized prediction market platform focused on crypto assets and blockchain-related events. Predictions are facilitated via smart contracts on blockchain networks. Users can place bids on various outcomes using supported cryptocurrencies.
Key Features:
AI-powered event creation by Loly.
Predictions on token market capitalization and other on-chain metrics.
Transparent and decentralized outcome resolution.
4. User Responsibilities
Users are responsible for:
Ensuring compliance with applicable laws in their jurisdiction.
Managing their crypto wallets securely.
Understanding the risks associated with crypto markets and prediction markets.
Lolymarket does not provide financial advice, and participation in prediction markets involves financial risk.
5. Event Outcomes & Settlement
All events on Lolymarket are created by Loly, an AI-powered agent that analyzes on-chain and off-chain data. Event outcomes are determined using blockchain oracles and other reliable data sources.
Settlement Process:
Once an event concludes, smart contracts automatically distribute rewards to winning participants.
In case of disputes or unforeseen issues, Lolymarket reserves the right to delay settlement while additional verification is conducted.
6. Fees & Transactions
Lolymarket may charge fees for transactions, including but not limited to:
Platform service fees.
Gas fees associated with blockchain transactions.
All fees will be transparently displayed before a transaction is finalized.
7. Prohibited Activities
Users must not engage in any activity that:
Violates laws or regulations.
Attempts to manipulate market outcomes.
Exploits vulnerabilities in smart contracts or the Platform.
Uses automated bots or scripts to gain an unfair advantage.
Violations may result in account suspension or permanent banning from the Platform.
8. Disclaimer & Risk Acknowledgment
Lolymarket is a decentralized platform, and we do not control or guarantee market outcomes.
Cryptocurrency investments are highly volatile, and past performance does not guarantee future results.
Users acknowledge and accept all risks associated with using the Platform.
Lolymarket and its affiliates shall not be liable for any losses incurred through the use of the Platform.
9. Modifications to the Terms
Lolymarket reserves the right to update these Terms at any time. We will notify users of significant changes, but it is the user’s responsibility to review the Terms periodically.
10. Contact & Support
For questions or support inquiries, contact us at lolymarketai@gmail.com.
By using Lolymarket, you acknowledge that you have read and agree to these Terms of Service. Happy predicting!
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