Last updated: September 14, 2026
These Terms of Use ("Terms") govern access to and use of Precog Core at core.precog.markets, related hosted APIs, and related client software (the "Interface"), made available by CircleDot LLC ("Company", "we", "us", or "our").
You can lose everything you put in. You can lose the full amount used to buy positions or provide liquidity. Positions may be illiquid, unsellable, or unresolved indefinitely. Smart-contract, blockchain, collateral, oracle, market-rule, administrative, legal, and regulatory failures can each cause total loss.
Displayed prices are not execution prices and are not guaranteed probabilities. Selling may be unavailable, disabled, or subject to a fee.
The Interface is not available to Restricted Persons (Schedule A), including persons in the Restricted Jurisdictions listed there. Circumventing access restrictions is prohibited.
These Terms limit our liability and require binding individual arbitration in London (Section 19).
1.1 These Terms bind you and the Company. They incorporate Schedule A, the Privacy Notice at core.precog.markets/privacy, the rules of any market you use, and any supplemental terms shown for a feature or program.
1.2 You accept by clicking accept, signing a wallet message that identifies these Terms, connecting a wallet after the acceptance notice, or authorizing a transaction through the Interface. If you accept for an entity, you represent you can bind it.
1.3 Smart contracts used with the Interface may be reachable without it. Direct use of those contracts, and use of third-party front ends, is not provided, supported, or governed by the Company under these Terms.
1.4 If you do not agree, do not use the Interface.
In conflict: (1) mandatory law; (2) deployed contract code and onchain state; (3) onchain market rules and oracle questions; (4) supplemental terms; (5) Schedule A; (6) these Terms; (7) FAQs, tutorials, and marketing.
3.1 The Interface lets eligible users view markets and prepare, sign, and submit blockchain transactions from their own wallet.
3.2 Transactions execute on the blockchain, not by the Company, and cannot be reversed once broadcast.
3.3 The Company does not hold your keys, access your wallet, or take custody of your assets. Assets in a market are held by the relevant smart contracts.
3.4 Availability of the Interface is not a statement that your use is lawful where you are.
4.1 You may use the Interface only if you are at least 18 and of legal age where you live, are not a Restricted Person, are not acting for a Restricted Person, and can lawfully use it. Each use is a representation that this is true.
4.2 We may use technical and compliance measures to detect Restricted Persons. You must not circumvent access controls.
4.3 We may request information needed for compliance. If you do not provide it, we may restrict or terminate access.
5.1 You are solely responsible for your wallet, keys, and every transaction signed with it. We cannot recover keys, reverse transactions, or retrieve mis-sent assets.
5.2 Signing a transaction prepared by the Interface instructs the blockchain, not the Company. Network fees may be payable whether or not a transaction succeeds.
5.3 Any relaying or fee sponsorship is optional, may be withdrawn at any time, and does not make the Company a party to your transaction or a custodian of your assets.
6.1 Markets use an automated market maker. Quotes shown in the Interface are indicative and not binding. Execution occurs at the onchain state when the transaction is processed.
6.2 Selling may be disabled or subject to a fee. Short selling is not supported unless a market page says otherwise.
6.3 Redemption of winning positions, if available, requires a final onchain result and a transaction you sign.
6.4 Interface displays may be delayed or wrong. Verify onchain before signing.
7.1 We may choose which markets to display and may delist any market from the Interface at any time. Delisting does not close a market onchain.
7.2 How a market resolves is determined by its onchain rules and oracle process. Read them before trading. The Company is not the arbiter of outcomes.
7.3 Resolution can be delayed or fail. Settlement is not guaranteed.
7.4 Market creators, operators, and liquidity providers may be affiliates or third parties and may hold positions.
Applicable fees are shown in the Interface or on the market page and may include protocol, sell, creator, operator, liquidity, resolution, relayer, service, and network fees. Fee parameters may change prospectively. Network fees are non-refundable.
Interface content is informational only. It is not professional advice or a recommendation to transact. We owe no fiduciary, advisory, or suitability duty beyond these Terms.
10.1 You must not: (a) trade a market whose outcome you can determine or materially influence, or trade at such a person's direction; (b) trade on information obtained in breach of confidence; (c) interfere with or corrupt reporting, oracles, or arbitration; (d) manipulate prices through sham or coordinated activity; (e) exploit defects in the Interface or related systems; (f) abuse rewards or referrals; or (g) use the Interface for unlawful subject matter.
10.2 You must not use the Interface to violate law; evade restrictions; misrepresent your identity or location; attack or overload the Interface; scrape or misuse Interface data; infringe intellectual property; or post unlawful or abusive content.
10.3 We may restrict or terminate access, withhold program benefits, report to authorities, and pursue claims. We generally cannot reverse onchain transactions.
Use of Company APIs, bots, scripts, agents, and programs is subject to any supplemental terms. You are responsible for activity through your credentials or wallet. Program benefits may be changed or withdrawn as those terms allow.
12.1 The Interface is owned by the Company or its licensors. We grant a personal, limited, revocable, non-transferable license to use it as intended.
12.2 You grant us a license to use content you submit as needed to operate and promote the Interface. Feedback may be used without obligation to you.
12.3 Third-party services have their own terms. We do not control them and are not responsible for them.
See the Privacy Notice at core.precog.markets/privacy. Blockchain activity is public and cannot be deleted.
14.1 We may amend these Terms. Material amendments take effect no earlier than 14 days after posting and notice through the Interface, unless law or security requires sooner. Continued use is acceptance. Amendments do not apply to earlier transactions and do not retroactively expand Section 19.
14.2 We may change, suspend, or discontinue the Interface at any time. Onchain positions remain governed by the relevant contracts.
14.3 We may terminate access for breach, legal risk, or as otherwise permitted. Sections 2, 3, 5, 6, 9, 10.3, 12, and 15 through 20, and Schedule A, survive.
You accept that use of the Interface and related markets involves risk of total loss; illiquidity; smart-contract and blockchain failure; collateral failure; oracle and resolution failure; and legal or regulatory action. The Company cannot eliminate these risks.
You will defend, indemnify, and hold harmless the Company and its affiliates, officers, directors, employees, contractors, and agents from third-party claims and reasonable costs arising from your breach of these Terms or law, your conduct under Section 10, your infringement of third-party rights, markets you create, operate, or fund, or use of the Interface through your wallet, credentials, or agents. We may control the defense; you will cooperate and will not settle a claim that binds us without written consent. This does not apply to claims caused by our breach, fraud, or wilful misconduct.
19.1 These Terms are governed by the laws of England and Wales, excluding conflict-of-laws rules.
19.2 Before arbitration, email admin@precog.markets with subject "Complaint," your wallet address, issue details, and the remedy sought. We will acknowledge within 10 business days and try to resolve within 45 days. Market-resolution challenges follow the market's own process, not this section.
19.3 Disputes arising from these Terms or the Interface will be finally resolved by binding LCIA arbitration in London, in English, before one arbitrator. Judgment may be entered in any competent court. Interim relief in aid of arbitration is allowed. Each party shall bear its own costs, unless otherwise determined by the arbitrator. Neither you nor the Company may bring a Dispute in any court located in the United States of America.
19.4 You may opt out of arbitration by written notice to admin@precog.markets with your wallet address within 30 days of first accepting these Terms. If you opt out, the courts of England and Wales have exclusive jurisdiction.
19.5 TO THE EXTENT PERMITTED BY LAW, DISPUTES ARE INDIVIDUAL ONLY. YOU AND THE COMPANY WAIVE CLASS, COLLECTIVE, OR REPRESENTATIVE PROCEEDINGS. If this waiver is unenforceable for a claim, that claim is severed to the courts of England and Wales; the waiver remains for other claims.
19.6 Nothing here limits non-waivable consumer rights where you habitually reside. To the extent permitted by law, claims against the Company must be brought within one year.
Entire agreement. These Terms, Schedule A, and documents incorporated in Section 1.1 are the entire agreement on this subject.
No relationship. No partnership, joint venture, agency, or fiduciary relationship.
Assignment. You may not assign. We may assign to an affiliate or Interface successor on notice through the Interface.
Severability and waiver. Unenforceable terms are limited to the maximum extent permitted; the rest remains. No waiver unless in writing.
Force majeure. We are not liable for delays beyond our reasonable control.
Notices. We may notify via the Interface, a connected wallet, email you provided, or core.precog.markets. Notices to us: admin@precog.markets.
Language. English controls.
Contact. admin@precog.markets
A.1 RESTRICTED PERSONS. You are a Restricted Person if you: (a) reside in, are located in, are incorporated in, have a registered office in, or have your principal place of business in a Restricted Jurisdiction under A.2; (b) are the subject of sanctions administered by the United Nations, the United States (OFAC), the European Union, or the United Kingdom, or are owned or controlled by such a person; or (c) are acting for, directed by, or controlled by any person in (a) or (b).
A.2 RESTRICTED JURISDICTIONS. The following jurisdictions and territories: Alberta, Australia, Belarus, Belgium, Brazil, British Columbia, Burundi, Central African Republic, Congo (Kinshasa), Crimea, Cuba, Donetsk, Ethiopia, France, Germany, Hungary, Iran, Iraq, Ireland, Italy, Japan, Lebanon, Libya, Luhansk, Myanmar, Netherlands, New Zealand, Nicaragua, North Korea, Ontario, Poland, Quebec, Russia, Singapore, Slovakia, Slovenia, Somalia, South Sudan, Sudan, Syria, Taiwan, Thailand, United Kingdom, United States, United States Minor Outlying Islands, Venezuela, Yemen, Zimbabwe; and any other jurisdiction in which access to or use of the Interface would be unlawful or would require a license or registration the Company does not hold.
A.3 LAWFUL-ACCESS NOTICES. We may publish a notice at core.precog.markets narrowing A.1 for specified persons, features, and conditions, only while published and only as stated.
A.4 UPDATES. We may update this Schedule by posting. If an update makes you Restricted, stop using the Interface immediately. The Interface may allow close-only activity where enabled.
A.5 EVASION. Using a VPN, proxy, Tor, nominee, false attestation, or similar means to obtain unauthorized access is a material breach. We may terminate access, withhold benefits, and report to authorities.