Foresight Terms & Conditions
Introduction
These Terms of Use ("Terms") set out the conditions under which you, whether acting as an individual or on behalf of an entity ("you" or "your"), may access, interact with, or use the websites, applications, systems, and services (collectively, the "Interfaces" and "Features") of the Foresight platform (accessible via https://foresight.now), made available by SixNineSix Markets Inc. ("the Company," , "we," "us," or "our") . Continued use of the platform implies agreement to these Terms, as well as acceptance of any updates or modifications to these Terms.
These Terms form a legally binding agreement between you and the Company. By accessing, linking your wallet, creating an account identifier, or otherwise using any Interface or Feature, you confirm that:
(a) You are legally capable of entering into a binding agreement; and
(b) You have read, understood, and agree to be bound by these Terms, including the binding arbitration and class action waiver provisions set out herein, as well as any related policies, agreements, or documents incorporated by reference (including our Privacy Policy).
Scope of the Terms
Content Features.
These include all non-transactional content, informational tools, and resources available on the Foresight site (the "Platform") or any other Interface where these Terms are posted.
Technology Features.
These include software-based tools and blockchain-powered functionality, including the smart contracts utilised on the Platform, accessible by connecting a self-hosted wallet via an Interface.
Primary Function.
The Platform's primary role is to provide Content Features, including news and information on global events.
1. Platform and Features
1.1 Primary Features
The Platform offers two primary functions: (1) a feature that enables the platform (and in the future, the users), entirely at their own initiative, to interact with the blockchain in order to create, interact or settle event-based prediction contracts (the "Prediction Contracts"), and (2) a social feature allowing users to share links of these markets to social media and other related communication channels, after which they earn points in the system from sharing ("Vision Points").
The Platform and its features operate in a fully neutral, non-custodial manner. If you connect a self-hosted cryptocurrency wallet ("Wallet") to the platform, you acknowledge that:
(a) All transactions occur directly between you and the blockchain or payment network via the Prediction Contracts. We do not and cannot transmit transaction data to any blockchain network.
(b) The Platform does not hold, control, or manage users' funds, contents, private keys or market positions.
(c) The Platform cannot reverse, modify, or influence any transactions or share prices. We cannot initiate or assist with transactions.
1.2 User Responsibility
You bear sole responsibility for securing your Wallet, safeguarding your private keys, and ensuring you understand any tools or protocols you use. Blockchain transactions are immutable, irreversible, and may carry inherent technical and financial risks including smart contract bugs, phishing attacks, network outages, validator errors, and asset volatility. We cannot reverse or recover any transaction, nor can we be responsible for any losses you incur. Account sharing is strictly prohibited.
Nothing on the Platform, including pricing data, Vision Points, or market information, constitutes financial, legal, tax, or investment advice. All participation is at your own discretion and risk. References to any network, protocol, or software do not imply endorsement, control, or affiliation.
1.3 Accuracy of Information
The site may present data, articles, links, tutorials, social media posts, or other content (collectively, "Content"). This information is provided strictly for general informational purposes and may not be accurate, complete, or up to date. You must not rely on any such information for decision-making purposes without conducting your own independent verification.
We do not provide investment, legal, tax, or other professional advice. The content and features of the platform should never be interpreted as a recommendation, inducement, or solicitation to buy, sell, or otherwise engage in any transaction involving digital assets. You should seek advice from appropriately licensed professionals before making any decisions involving the platform or your assets.
1.4 Fees
A transaction fee of 0.8% shall apply to all trades conducted on the platform. This fee may be adjusted at the sole discretion of the platform without prior notice.
1.5 Market Participation & Assets
1.5.1 The Platform currently only supports binary prediction markets, where each market shall contain clear, predefined criteria determining "Yes" versus "No" outcomes. Additional market types may be introduced in the future at the platform's discretion.
1.5.2 Supported assets include AUSD (native stablecoin), USDC, and USDT, with a minimum participation requirement equivalent to 1 AUSD/USDC/USDT. The platform reserves the right to add or remove additional supporting assets in the future.
1.6 Portfolio Tracking & Tax Reporting
1.6.1 Depending on availability, users may have access to a Portfolio / Profit-and-Loss (PnL) dashboard provided by the platform.
1.6.2 The accuracy of this tool may be affected by data discrepancies, including but not limited to price fluctuations, delays, and missing data.
1.6.3 Users acknowledge and agree that they bear full responsibility for their own tax reporting obligations and shall not rely solely on the platform's data for such purposes.
1.7 Service Availability
The platform and its features may be unavailable or inaccessible at times due to reasons including but not limited to: Technical issues or equipment failures, maintenance or updates, service interruptions from third-party providers, events outside our control, including blockchain network disruptions. We are not liable for any loss, delay, or harm caused by such downtime or service interruptions.
1.8 Market Mechanics & Disputes
1.8.1 Market Operations
(a) All markets are, at present, centrally created and manually resolved. The platform reserves the right to decentralize these processes in the future.
(c) Market resolution may be delayed for up to 12 hours under standard circumstances, or up to 72 hours in the event of a dispute.
(d) In the event of a dispute, the decision of the Platform operator (Foresight) shall be final and binding, based on its internal deliberation and judgment.
1.8.2 Resolution Errors and Disputes
(a) Pre-Resolution Errors: If an error is identified prior to resolution (including but not limited to incorrect rules), the platform shall promptly correct the error.
(b) Post-Resolution Errors: Once a market has been resolved, the outcome shall be final and may not be amended, even if an error is subsequently identified. Refunds shall not be provided except in exceptional cases at the sole discretion of the platform.
(c) Contract Exploits: In the event that a smart contract vulnerability is discovered, the platform may suspend the affected markets. Refunds, if any, shall be determined on a case-by-case basis and are not guaranteed.
(d) Highly Controversial Markets: The platform reserves the right to pause or void any market it deems to be highly controversial.
2. Sanctioned Countries, Restricted Jurisdictions, and Restricted Persons
2.1 Sanctioned Countries
You may not access, use, or participate in the Platform if you are located in, incorporated in, established in, a citizen or resident of, or otherwise subject to the jurisdiction of any country, territory, or region that is the subject of comprehensive trade or economic sanctions administered or enforced by the United Nations, the United States, the European Union, the United Kingdom, or any other applicable sanctions authority, including but not limited to: Afghanistan, Belarus, Burma (Myanmar), Central African Republic, Cuba, Crimea, Democratic Republic of the Congo, Donetsk, Iran, Iraq, Lebanon, Libya, Luhansk regions of Ukraine Mali, North Korea, Somalia, South Sudan, Sudan, Venezuela, and Yemen.
Any person or entity owned or controlled by, or acting on behalf of, the above is also prohibited.
2.2 Platform-Designated Restricted Jurisdictions
In addition to Sanctioned Countries, the Company prohibits access or participation in the Platform by any person or entity located in, incorporated in, established in, a citizen or resident of, or otherwise subject to the jurisdiction of the following jurisdictions due to legal, regulatory, or risk considerations: United States of America, United Kingdom, France, Ontario (Canada) , Poland, Belgium, Singapore, Thailand, Taiwan. Any person or entity owned or controlled by, or acting on behalf of, the above is also prohibited.
2.3 Non-exhaustive Restrictions
The above lists are non-exhaustive and may be updated at any time. You are prohibited from using the Platform if you are subject to any sanctions, prohibitions, or restrictions under applicable laws, regulations, or orders issued by any competent governmental or regulatory authority, even if your country is not expressly named above.
2.4 Restricted Persons
For purposes of these Terms, a "Restricted Person" means:
(a) any individual or entity described in Sections 1 or 2 above;
(b) any individual or entity that is owned or controlled by, or acting on behalf of, a person described in Sections 1 or 2 above; or
(c) any individual or entity that is otherwise the subject of sanctions, prohibitions, or restrictions under applicable law.
Applicable local age restrictions as per individual's user jurisdiction apply.
2.5 Prohibited Circumvention
The use of any technology, tool, or service (including but not limited to virtual private networks ("VPNs"), proxy services, or similar methods) to conceal or misrepresent your location or identity for the purpose of circumventing these restrictions is strictly prohibited. The Company may, in its sole discretion, restrict or disable access to Technology Features for any wallet or account found to be in violation of these Terms, including placing such accounts in "close-only" mode, suspend, or terminate your access to the Platform.
3. No Fiduciary Duty & User Responsibility
We do not owe you any fiduciary duties or obligations other than those expressly stated in these Terms. We are not your broker, agent, investment adviser, legal representative, or custodian, and nothing on the Platform is intended to create such a relationship. You are solely responsible for all decisions you make in connection with your use of the Platform, including the decision to participate in any prediction market contracts.
Participation in any prediction market contract carries inherent risks, including the risk of losing all cryptoassets committed. You acknowledge and agree that you use the Platform entirely at your own risk, and we cannot guarantee the performance, fairness, or outcome of any contract or market.
You are solely responsible for securing your devices, wallets, and accounts, including safeguarding your private keys, seed phrases, and access credentials. We cannot and will not recover lost keys, reverse transactions, or restore wallet access in the event of loss, theft, or compromise.
4. Intellectual Property, Ownership & Licensing
4.1 Ownership of Platform Materials
The Company, or its licensors, owns all rights, title, and interest, including all intellectual property rights, in and to the Platform, website, interfaces, features, market descriptions, results, analytics, and related content or technology, unless otherwise indicated.
4.2 No License Granted
You acknowledge and agree that your use of the Platform does not grant you any license, right, title, or interest in or to the Platform, its content, features, interfaces, technology, or any associated intellectual property, whether by implication, estoppel, or otherwise. All rights are expressly reserved by the Company and its licensors. You are permitted to access and use the Platform solely in accordance with these Terms and solely for its intended functionality.
4.3 Third-Party Licenses
Any third-party features or applications integrated into the Platform may be subject to separate license terms imposed by the applicable third-party rights holder. The Company does not grant you any rights under such licenses, and you are solely responsible for reviewing and complying with any applicable third-party terms.
4.4 User Content and License to the Company
(a) By submitting, uploading, or otherwise making available any content, data, feedback, or materials ("Content") through the Platform, you grant the Company a non-exclusive, sublicensable, transferable, worldwide, royalty-free, perpetual, and irrevocable license to use, copy, modify, create derivative works of, display, perform, publish, and distribute such Content for the purposes of operating, maintaining, promoting, and improving the Platform and its services.
(b) You represent and warrant that you either own the Content or have all necessary rights and permissions to grant the foregoing license, and that your Content does not infringe, misappropriate, or violate any third-party rights.
(c) You acknowledge and agree that the Company has no obligation to provide you with attribution, compensation, or notice in connection with its use of your Content.
4.5 Restrictions and Enforcement
(a) Content creators may share or publish market-related content unless such content relates to markets the Company deems overly controversial, defamatory, or otherwise inappropriate.
(b) The Company may terminate or remove markets created by a content creator who exerts direct control or undue influence over the outcome.
(c) Embedding of market widgets by third parties is prohibited unless authorized in writing. This policy may change, with updates communicated to users.
4.6 Data Use
All data collected is used solely for improving the Platform. It is not shared, published, or sold to third parties or affiliates, except as required by law.
5. Indemnification
You agree to indemnify, defend, and hold harmless the Company, its affiliates, licensors, and each of their respective officers, directors, employees, contractors, and representatives (collectively, the "Company Parties") from and against any and all losses, damages, liabilities, penalties, fines, costs, and expenses (including reasonable attorneys' fees and costs of investigation or defense) ("Damages") arising out of or relating to any claim, demand, action, proceeding, investigation, or regulatory inquiry ("Claim") resulting from:
(a) your access to or use of the Platform, including participation in any prediction markets, wagers, or other features;
(b) your violation of these Terms or any applicable law, regulation, or third-party rights;
(c) any dispute or interaction between you and another user or third party in connection with the Platform;
(d) any content, data, or material you submit, transmit, or make available through the Platform; or
(e) your alleged or actual infringement or misappropriation of any intellectual property or proprietary rights of a third party.
If any Company Party is required to respond to a subpoena, court order, regulatory request, or other compulsory legal process in connection with a Claim described above, you will reimburse the Company Parties for all time, resources, and materials expended in responding, at the Company's then-current hourly rates, in addition to payment of all reasonable attorneys' fees and costs.
The Company will have the right, in its sole discretion, to control the defense and settlement of any Claim subject to indemnification hereunder, and you agree to fully cooperate with the Company in such defense or settlement. The Company may settle any Claim without your prior consent, provided that such settlement does not impose additional obligations on you beyond those set forth in these Terms.
6. Disclaimers
The Platform relies on decentralized technologies, third-party data sources, and blockchain networks that may be subject to sudden changes, interruptions, or vulnerabilities. By accessing or using the Platform, including any markets, contracts, or related features, you acknowledge and agree that the Company does not and cannot guarantee the functionality, availability, accuracy, or security of the Platform or the outcome of any prediction markets.We do not guarantee that your access to the Platform or ability to participate in prediction markets will be uninterrupted, timely, secure, or error-free, or that your cryptoassets will always remain secure. You assume all risks associated with such use.
7. No Representations or Warranties
The platform, markets, and all related features are provided on an "AS IS" and "AS AVAILABLE" basis. To the maximum extent permitted by law, the Company and its affiliates, partners, and service providers disclaim all representations and warranties of any kind, whether express, implied, statutory, or otherwise, including without limitation:
(a) warranties of merchantability, fitness for a particular purpose, non-infringement, or quiet enjoyment;
(b) warranties arising from any course of dealing or usage of trade;
(c) warranties that the platform or markets will be accurate, reliable, available, error-free, or free from malicious code or other harmful components; and
(d) warranties that any content, data, or assets will be secure, or not lost, mispriced, or subject to manipulation.
Participation in prediction markets inherently involves financial risk, volatility, and uncertainty of outcomes. The Company makes no guarantees that you will achieve any profit, avoid loss, or that market outcomes will be fair, accurate, or free from manipulation.
8. Limitations of Liability
8.1 To the maximum extent permitted by law, the Company shall not be liable for any indirect, incidental, consequential, special, exemplary, or punitive damages, or for any loss of profits, data, or goodwill, arising from or related to your use of the Platform, whether based on contract, tort, negligence, strict liability, or any other legal theory, even if the Company has been advised of the possibility of such damages.
8.2 In no event shall the Company's total liability to you for all claims arising out of or relating to these Terms or your use of the Platform exceed the greater of:
(a) the total fees you paid to the Company in the 12 months preceding the event giving rise to liability; or
(b) USD $100.
9. Modifications & Notices
The Company reserves the right, in its sole discretion, to amend, modify, or update the Platform's features, fees, and these Terms at any time without prior notice, except as otherwise required by law.
The Company will use commercially reasonable efforts to notify users of any material changes to these Terms through official announcements on the Platform's designated communication channels or by such other methods as the Company may reasonably determine.
Your continued use of the Platform after the effective date of any amendments constitutes your acceptance of the revised Terms. If you do not agree to any such amendments, you must immediately cease using the Platform.
10. Privacy & Data Usage
The collection, use, and disclosure of personal data are governed by the Company's Privacy Policy, which is maintained as a separate document and incorporated herein by reference.
The Privacy Policy will detail, among other things, the categories of data collected (including but not limited to wallet addresses, IP addresses, and email addresses) and the purposes for which such data is used.
No personal data collection is implied or described within these Terms, and all analytics or tracking practices will be disclosed exclusively in the Privacy Policy.
11. Contact & Support
11.1 Communication Channels
By default, the Company will disseminate information through its official communication channels, which currently include:
(a) Telegram: t.me/foresightnow
(b) X (formerly Twitter): x.com/foresightnow
The official communication channel for users to contact the Company is via the official form: https://tally.so/r/wbpg67. This form will not request for personal information or require you to connect any wallet.
The Company may introduce additional or alternative communication channels at its discretion, and such changes will be announced via the Platform's official channels.
11.2 Internal Appeal Process
The Company may, at its discretion, provide an internal appeal process for certain disputes. Details of the appeal process, including applicable timelines, evidentiary requirements, and communication methods, will be set out in a formal dispute form to be developed and published by the Company at a later date.
Until such time as the formal dispute form and related procedures are made available, all disputes shall be addressed through the communication channels specified in Section 10.
The Company reserves the right to reject appeals or disputes that are frivolous, repetitive, or outside the scope of matters it is able to address.
Nothing in this Section shall be construed to create an obligation for the Company to resolve disputes in a manner inconsistent with Section 2 (Market Mechanics & Disputes) or to alter final resolutions once issued, except as expressly provided in the forthcoming dispute form and policy.
12. Acceptance of Terms
By connecting your wallet to the Platform, accessing, or otherwise using the Platform, you acknowledge that you have read, understood, and agree to be bound by these Terms, as well as any future amendments made in accordance with Section 8.
If you do not agree to these Terms, you must immediately discontinue all use of the Platform.