Futura Prediction Markets

These Terms of Use ("Terms") set forth the conditions under which the user, whether in a personal capacity or on behalf of an entity ("User"), is permitted to access, interact with, or otherwise use the interfaces, websites, and smart contracts (smart contracts) provided by FUTURA PREDICTION MARKETS, a company duly incorporated and operating under the laws of the Republic of Panama ("Company" or "Futura").

These Terms constitute a legal relationship between the User and the Company. By accessing and connecting a digital wallet (walletBy accessing or using the Futura Prediction Market website and platform (the "Platform"), the User declares to have read, understood, and expressly agreed to all the provisions contained herein, including the mandatory arbitration agreement and the waiver of class actions. If the User does not agree to these Terms in their entirety, they are expressly prohibited from accessing or using the Platform.

Definitions

(a) BlockchainA distributed, immutable, and decentralized technological ledger infrastructure in which transactions are publicly recorded, validated, and processed, and on which the smart contracts underlying the Platform's operation function.

(b) Portfolio (Wallet): A self-custodied digital wallet or other supported technological solution for storing and interacting with digital assets and smart contracts, maintained under the User's exclusive control.

(c) ContractAn instrument based on the occurrence or non-occurrence of a real-world event, objectively verifiable, and tradable on the Platform in strict accordance with the applicable Market Rules.

(d) Binary Contract: A type of contract negotiated on the Platform linked to a proposition with only two possible and mutually exclusive outcomes (for example, "Yes" or "No"). After resolution, the position corresponding to the confirmed outcome is settled at its maximum nominal value, while the opposite position expires worthless.

(e)Losing Contract: Position or quota of a Contract whose forecast does not correspond to the official outcome of the Event determined after the Market resolution, resulting in its immediate expiration and the total loss of allocated capital, without any residual economic value for its holder.

(f) Winning Contract: Position or quota of a Contract (example: "Yes" or "No", in a Binary Contract) whose prediction coincides strictly with the official outcome of the Event, as definitively determined by the Oracle and the Market Rules, granting its holder the right to liquidation and redemption of the full predefined value.

(g) EnterpriseA duly incorporated and operating company that acts as a software developer and provider of technological infrastructure.

(h) Event: A fact, occurrence, or circumstance in the real world, objectively verifiable at a future time, which constitutes the object of a Market's forecast and whose outcome determines the resolution and settlement of the Contracts linked to it.

(i) Algorithmic Market Maker (Automated Market Maker - AMM)An automated liquidity mechanism, governed by algorithms and smart contracts, that allows for price formation and the decentralized trading of contracts.

(j) InterfaceThe front-end environment provided by the Company, through which the User accesses and interacts graphically with the Platform and its respective protocols.

(k) Order Book (Order Book): Dynamic and decentralized registry of purchase and sale intentions (offers and demands) for Contracts, submitted by the market participants themselves.

(l) Market: A specific environment or space listed on the Platform, dedicated to the negotiation of Contracts associated with a given Event, which is governed by its own criteria and rules for resolution.

(m) Point-to-Point Model (Peer-to-Peer)Transaction architecture in which buying and selling operations are executed directly between users on the blockchain, without the company acting as a counterparty, financial intermediary, or custodian.

(n) Oracle (Oracle): A decentralized system, data source, or service responsible for providing external and verifiable information to the blockchain, automatically determining the outcome of an Event.

(o)PlatformThe technological infrastructure, including the interface and associated smart contracts, made available for accessing markets and trading contracts.

(p) Pool Liquidity: A set of digital assets deposited and locked in smart contracts to provide the liquidity necessary for decentralized trading and immediate order execution on the Platform.

(q) Book Depth (Order Book Depth): A measure of the volume of liquidity (number of buy and sell orders) available at different price levels at a given time, which influences the market's ability to absorb large transactions.

(r) Market RulesThe set of predefined criteria applicable to each Market, which determine the Event conditions, verification sources, time window, invalidation conditions, and dispute and settlement mechanisms.

(s) ServicesThe set of technological functionalities provided through the Platform, which enable the listing, negotiation, resolution, and technical settlement of Contracts.

(t) SlippageThe difference or variation between the estimated price of a Contract at the time the User submits the order on the Interface and the actual price at which the transaction is effectively executed and confirmed on the blockchain.

(in)Smart Contract (Smart Contract)Self-executing computer code deployed on a blockchain network, responsible for autonomously applying the logic of operation, negotiation, resolution, and settlement of the Platform.

(in)UserAny individual or entity with legal capacity that accesses, interacts with, or uses the Platform and its resources.

(In) Virtual Private Network (VPN)Virtual private network, proxy, or any other obfuscation technique used to mask, falsify, or conceal the User's true geographic location or identity, the use of which is expressly prohibited to circumvent territorial restrictions.

1. Nature of the Platform and Scope of Services

1.1. Provision of Interface and Technological Infrastructure.Futura provides a Platform that allows Users to access Markets and trade Contracts based on Events, under the terms of the applicable Market Rules. The Platform acts exclusively as a technological interface that allows users to interact, autonomously and self-directed, with smart contract protocols (smart contracts) deployed in networksblockchainThe company is a software developer and infrastructure provider.not actingsuch as stock exchange, derivatives brokerage, clearing house or financial institution.

1.2. Lack of advice and lack of fiduciary duty.Futura does not provide investment consulting, financial, legal, accounting, or tax advice. Any content, data, prices, or information displayed on the Platform are provided solely for informational purposes. No information displayed on the Platform constitutes a recommendation, solicitation, or directed offer. These Terms do not create a fiduciary duty, mandate, agency, personalized brokerage, or special trust relationship.

1.3. Not acting as a "Bookmaker" or "Bettor":Futura is not a betting company. The company does not set odds.odds), does not participate in listed markets and does not guarantee liquidity or premium payments. According to the Market Rules, contract prices exclusively reflect supply and demand generated in a decentralized manner by the Platform's users themselves.

1.4. Lack of guarantees of external legal classification.Futura does not represent, warrant, or guarantee any legal or regulatory qualification of the Contracts in specific jurisdictions. The Platform should not be construed as an offer of securities, derivatives, investment contracts, or regulated instruments in any jurisdiction.

1.5. Absence of corporate rights.The acquisition or holding of Contracts does not grant the User any rights over Futura, its administrators, assets, revenues, intellectual property, governance or results, nor any right of equity participation.

2. Eligibility, Territorial Restrictions, and User Declarations

2.1. Legal age and capacity.The Platform is intended exclusively for individuals aged 18 or older with the legal capacity to enter into contracts. If the Platform is used on behalf of an entity, the User declares that they have the power to bind that entity to these Terms.

2.2. Sanctions and restrictive lists.The User declares that they are not (i) subject to economic or commercial sanctions; (ii) a person included in restrictive lists of competent authorities; nor (iii) resident, located, organized or controlled from a jurisdiction subject to comprehensive sanctions, to the extent that such restrictions make the use of the Platform unlawful or prohibited.

2.3. Blocking access for restricted users.Futura may, at its sole discretion, restrict or prohibit access to certain users from certain countries, territories, or regions (“Restricted Users”), based on location, residence, citizenship, domicile, organization, control, principal place of business, or other relevant connections.

2.4. Prohibition of evasion, VPN and obfuscation.It is forbidden to useVirtual Private Network (VPN), proxiesrouting, obfuscation techniques, or any means intended to conceal, falsify, or circumvent location, identity, or eligibility restrictions.

2.5. Verification and due diligence.Futura may, at any time, require information and documents to verify identity, eligibility, cardholder ownership, source of funds, and to prevent fraud and misuse. Refusal, insufficiency, or inconsistency of information authorizes Futura to restrict, suspend, or terminate access, including imposing operational limitations.

2.6. User Legal Compliance.Eligibility and legality of accessing and using the Platform depend on the rules applicable to the User, who assumes full responsibility for their compliance. It is the User's sole responsibility to ensure that access to and use of the Platform do not violate any applicable law, regulation, or directive in the User's country of citizenship, residence, or location at the time of access.

3. Account, Security, Wallets and Custody

3.1. Security and credentials.The User is solely responsible for protecting passwords, keys, seed phrases (seed phrases), authentications and any credentials associated with the account and/or Wallet (walletAll activity performed using the User's credentials will be attributed to the User.

3.2. Transactions and irreversibility.When the Platform supports interaction with digital wallets and assets, the User acknowledges that transactions may be irrevocable and dependent on third-party networks and services. Futura does not guarantee the reversal, cancellation, or recovery of transactions.

3.3. No custody, unless expressly indicated.Unless expressly stated in specific documentation, Futura does not hold custody of private keys and does not control self-custodied wallets. Losses resulting from User security breaches,phishingSocial engineering, device compromise, or key loss are not attributable to Futura.

3.4. Self-custody.By connecting their self-custody cryptocurrency wallet to the platform, the User acknowledges that Futura has no authority over the wallet, does not take possession of, and does not hold custody of, the cryptocurrencies at any time.

4. Contracts, Price and Execution

4.1. Contracts.The contracts negotiated through the Platform refer strictly to the occurrence or non-occurrence of objectively verifiable real-world Events, and do not constitute traditional financial derivatives or securities.securitiesor debentures under the regulation of traditional capital market authorities, based on the private autonomy of the parties in the network.blockchain.

4.2. Automated liquidity mechanisms.The Platform may use automated liquidity mechanisms, including algorithmic market makers (automated market makers- AMM) and pools liquidity.

4.3. Negotiation Mechanism and Protocol.The Platform provides an interface that allows the User to send messages to networks.blockchainpublic networks for negotiating event-based contracts. The User acknowledges that the Company does not own, control, or operate the network.blockchainunderlying or the smart contract protocols deployed within it.

4.4. Price Listing and Formation.The Platform may list Binary Contracts or contracts of equivalent structure. The contract price reflects the collective probability of the event occurring, ranging between 0 and 1 (or R$ 0.00 and R$ 1.00). Prices reflect the dynamics of supply and demand and/or automated price formation mechanisms, as indicated in each Market.The User acknowledges that price formation results strictly from algorithmic interaction.

4.5. Slippage and execution.The User acknowledges that the price displayed on the Interface may differ from the price actually executed, including due to liquidity, depth (order book depth), slippageTemporal prioritization, latency, network congestion, or price changes between submission and confirmation are all factors that may affect the system due to the continuous and volatile nature of predictive markets and technology.blockchainExecution will occur according to parameters available and/or defined in the Interface, when applicable.

4.6. Settlement and expiration.Following the market resolution, winning contracts may be settled according to the market rules, and losing contracts may expire worthless. The settlement method, timeframes, assets used, and any applicable fees will be detailed in the market rules and/or the interface.

4.7. Irreversibility:All confirmed and recorded transactions inblockchainThese decisions are final, irreversible, and do not allow for any kind of refund from the Company.

5. Market Rules

5.1. Market Rules.Each Market has its own Market Rules, including the definition of the Event, verification source(s), time window, resolution criteria, invalidation conditions, and dispute mechanisms. The User is responsible for reading and understanding the Market Rules before trading.

5.2. Use of Oracles:The outcome of each event will be determined automatically by decentralized oracles based on...smart contracts(such as, for example, UMA)Optimistic Oracle), in strict compliance with the predefined and auditable rules of each specific market.

5.2. Resolution sources.Resolution may occur through (i) data source(s) indicated in the Market Rules; (ii) an automated mechanism; (iii) a designated third party; or (iv) Futura's resolution committee, as indicated. Futura will seek to apply the Market Rules in a consistent and documented manner, without guaranteeing the absence of disputes, ambiguity, or failures from external sources.

5.3. Objections and finalization.If a mechanism for contesting the decision exists, it will operate according to defined rules and deadlines. Once the resolution is finalized, the result will be considered sovereign, definitive, and unalterable.

5.4. Ambiguity, impossibility and cancellation.If the Event becomes materially ambiguous, impossible to verify, or compromised by source failures, Futura may cancel the Market, suspend trading, and determine reasonable economic treatment (including internal reversals or returns), to the extent technically feasible and in accordance with the Market Rules.

6. Fees, Payments and Taxes

6.1. Rates.Futura may charge fees related to transactions, settlements, withdrawals, specific functionalities and/or other Services, according to the current fee schedule displayed on the Interface and/or applicable documentation. Fees may be changed upon publication, with effective dates as indicated.

6.2. Network Tariffs (Gas Fees) and Platform.The submission of transactions toblockchainThe Platform may require the payment of non-refundable network fees, which will be fully borne by the User. Additionally, the Platform may apply interface or service fees, which will be disclosed in advance on the trading screen.

6.3. Third-party fees.Transactions may involve third-party fees, including network fees, validator fees, wallet provider fees, processor fees, and infrastructure provider fees. These fees are not controlled by Futura and are non-refundable.

6.4. User Tax Liability.The User assumes full and exclusive responsibility for determining the tax consequences of their transactions. It is the User's sole responsibility to calculate, report, and pay any taxes, duties, or contributions due on their earnings to the tax authorities in their jurisdiction of residence. The Company does not act as a withholding agent under any circumstances.

7. Risks, Disclaimer of Liability and Indemnity

7.1. Risk of loss.Trading in Contracts involves substantial risk, including the total loss of the allocated value. The User acknowledges the volatile and uncertain nature of Event-based Markets, as well as the possibility of low liquidity.

7.2. Technological and third-party risks.The Platform may depend on networks, protocols,smart contractsInfrastructure providers and third-party services. Failures, unavailability, attacks, bugs, forks, congestion, or technical changes can cause losses, delays, and inability to perform.

7.3. Lack of guarantees.The Platform is provided “as is” (“as is” and “as available(”), without guarantees of availability, continuity, accuracy, freedom from defects, or fitness for a particular purpose, to the maximum extent permitted by applicable law. The Company and its service providers disclaim all representations or warranties, express or implied, including warranties of merchantability, fitness for a particular purpose, uninterrupted availability, error-free operation, or immunity from security breaches in the infrastructure.blockchain.

7.4. Limitation of liability.To the maximum extent permitted by applicable law: (a) Futura will not be liable for indirect, incidental, special, consequential damages, loss of profits, loss of opportunity, loss of data, or reputational damages; (b) Futura's total and aggregate liability for any cause related to the Platform will not exceed the greater of (i) the fees actually paid by the User to Futura in the 12 months preceding the event giving rise to the claim, or (ii) USD 100 (or equivalent), as reasonably determined.

7.5. Identity.The User agrees to defend, indemnify and hold harmless Futura, its administrators, affiliates, service providers and licensors from and against any losses, damages, costs and expenses (including reasonable attorneys' fees) arising from: (i) violation of these Terms; (ii) misuse of the Platform; (iii) violation of third-party rights; (iv) fraud, manipulation or prohibited conduct; or (v) failure by the User to comply with applicable laws.

8. Seals andEnforcement

8.1. Manipulation and abuse.Users are prohibited from engaging in fraudulent or disruptive trading practices, including but not limited to manipulation, fraud, liquidity simulation, and fictitious transactions.spoofing, wash trading, front-running, pump and dumpor any conduct that compromises the integrity of the markets.

8.2. Interference in the underlying event.It is prohibited to attempt to influence, cause, facilitate, or materially interfere with the Event that is the subject of the Contract for the purpose of obtaining an economic advantage on the Platform.

8.3. Illegally obtained information.It is prohibited to use non-public information obtained through illegal means or in violation of confidentiality obligations to gain an unfair advantage.

8.4. Prohibited markets and content.It is prohibited to create, solicit, promote, or participate in markets that involve illegal conduct, incitement to violence, exploitation, or any topics that Futura, at its discretion, considers inappropriate, abusive, or incompatible with standards of integrity and safety.

8.5. Bots, scraping and unauthorized automation.It is forbidden to usebots, scripts, crawlers, scrapersAutomation or any means of unauthorized access to collect data, bypass controls, or execute orders at scale is prohibited, unless expressly authorized by Futura in writing or via official documentation (e.g., official APIs under specific terms).

8.6. Prohibition on artificial intelligence training.The use of any data from the Platform (including metadata) in any way for training, coding, or developing Artificial Intelligence technologies or tools is expressly prohibited.Machine Learningor Language Models, as well as for the generation of derivative materials or third-party databases.

8.7. Contractual measures ofenforcement.Futura may, at its sole discretion and without prior notice, restrict, suspend, terminate or limit the User's access to the Platform, including imposing operational limitations (for example, allowing only the closing of positions), when there is: (i) suspicion of violation of these Terms; (ii) risk of fraud, abuse, manipulation or misuse; (iii) false, incomplete or inconsistent information; or (iv) need to comply with legal requirements, orders from authorities, or mitigation of relevant risk.

8.8. Investigation and cooperation.Futura may investigate conduct and cooperate with authorities and third parties to the extent required or reasonable to protect the Platform, Users, and the integrity of the Markets.

9. Intellectual Property

9.1. Ownership.The Platform, Interface, trademarks, content, layout, software, documentation, and other intellectual assets are owned by or licensed to Futura. Except for the limited right of use provided in these Terms, no rights are transferred to the User.

9.2. Limited license.Subject to compliance with these Terms, Futura grants the User a revocable, non-exclusive, non-transferable, and non-sublicensable license to access and use the Platform for lawful purposes, in accordance with the functionalities made available.

9.3. Feedback. FeedbackSuggestions or proposals submitted to Futura may be used by Futura without any obligation to compensate, subject to inalienable rights where applicable.

10. Jurisdiction and Dispute Resolution

10.1. Governing Law.These Terms and any action relating thereto shall be governed by the Arbitration Law of Panama and the applicable laws of the Republic of Panama, without regard to its conflict of laws provisions.

10.2. Mandatory Arbitration.Any dispute, claim, or controversy arising out of or relating to these Terms, the Platform, or the interpretation of their validity shall be determined exclusively through binding arbitration in Panama, before a sole arbitrator.

10.3. Waiver of Collective Actions (Class Action Waiver). The resolution of any dispute will occur strictly on an individual basis; collective arbitrations or representative/collective actions (class actionsThese practices are expressly prohibited. By using the Platform, the User agrees that any dispute will be conducted solely in their individual capacity, and not as a plaintiff or member of any purported legal class or group of plaintiffs.

11. General Provisions

11.1. Integrality.These Terms constitute the entire agreement between the parties regarding the subject matter.

11.2. Assignment.The User may not assign any rights or obligations. Futura may assign these Terms.

11.3. Separability.If any provision is deemed invalid, the remaining provisions shall remain in effect.

11.4. No resignation.Tolerance of non-compliance does not imply resignation.

11.5. Contact.Official contact channels will be indicated in the interface.