Terms & Conditions

1. Agreement and electronic acceptance

By creating an account, completing the acceptance flow or using live Kapolly services after approval, you enter into this Participant Agreement with Kapolly Ltd. Electronic acceptance has the same effect as signing a written agreement to the extent permitted by applicable law.

This Agreement includes the Kapolly Market Rulebook, Clearing and Settlement Rules, contract specific rules, fee schedule, Privacy Notice, Market Data Terms, Responsible Participation Policy and any country-specific terms that are expressly incorporated.

2. Eligibility

• You are legally capable of entering this Agreement and meet the minimum age for your country.
• You are resident or established in a country for which the relevant Kapolly permissions have been enabled.
• You have provided accurate account, identity and regulatory information and will keep it current.
• You are not using the account for another person unless Kapolly has expressly approved the relevant representative, institutional or agency arrangement.
• You are not prohibited by sanctions, law, regulation, court order, market restriction or Kapolly disciplinary action.
• If you are an entity, you are validly organised, authorised to enter this Agreement and responsible for your authorised users.

3. Identity, due diligence and continuing review

Kapolly may request information and documents needed to verify identity, beneficial ownership, source of funds, sanctions status, tax or regulatory status, country eligibility and market integrity risks. Access may be restricted until required checks are complete.

Kapolly may recheck information periodically or when risk changes. You must promptly tell us if information previously supplied becomes materially inaccurate.

4. Your account and security

Your Kapolly account is personal to you or to the approved legal entity. You are responsible for maintaining control of your authorised authentication methods and for promptly reporting suspected compromise.

Kapolly may revoke sessions, require reauthentication, suspend login or limit account functions where reasonably necessary to protect the account, other users or market integrity.

5. Trading

Orders are instructions to enter or exit positions in contracts listed under the Market Rulebook. An order is not guaranteed to execute. Once matched and accepted by the relevant Kapolly systems, a trade is binding except where the Rulebook permits cancellation, correction or invalidation.

You are responsible for reviewing the market question, full contract rules, price, quantity, maximum loss, maximum payout, fees and any market-specific restrictions before submitting an order.

6. Fully collateralised launch model

Kapolly’s intended launch model does not provide leverage or credit. Funds required for an order are reserved or collected before the platform accepts exposure that could create a settlement obligation.

A standard whole binary contract has a maximum settlement value of $1.00. The winning side settles to $1.00 and the losing side to $0.00. When a new complementary YES and NO pair is created, the two sides provide the $1.00 settlement collateral between them before fees.

7. Prices and market information

Kapolly does not set a guaranteed probability or promise an event outcome. Prices arise from participant orders and transactions. Displayed data can move rapidly and may be interrupted. Official account confirmations and the relevant system of record control if a screen is stale or incomplete.

8. Deposits, withdrawals and client money

Deposits and withdrawals must use payment methods and financial institutions approved for your account and country. Third party payment providers may apply their own terms.

Real-money services are enabled only where the applicable payment, safeguarding, bank or custody arrangements for the relevant jurisdiction are in place. Payment initiation is not the same as final credit to your Kapolly ledger.

Kapolly may place a reasonable withdrawal hold where required for payment verification, fraud prevention, AML/CFT review, sanctions, market abuse investigation, legal process or another Rulebook control.

9. Fees, taxes and charges

You agree to pay the fees disclosed before or at the time a service is used. Kapolly may change fees prospectively by notice in accordance with the Rulebook and applicable law.

You are responsible for taxes arising from your activity unless the law requires Kapolly to withhold, collect or report them. Kapolly does not provide tax advice.

10. Prohibited conduct

• Manipulation, attempted manipulation, spoofing, layering, wash trading, circular trading or fake volume.
• Trading while prohibited by the Authoritative Source Conflict and Restricted Trading Policy.
• Using multiple accounts, nominees or coordinated persons to evade limits, eligibility rules or surveillance.
• Fraudulent deposits, chargeback abuse, account takeover or unauthorised payment instruments.
• Misuse of confidential information, market data, APIs or platform security.
• Harassment, threats or obstruction of investigations.
• Any conduct prohibited by law, the Rulebook or contract specific rules.

11. Account restrictions and enforcement

Kapolly may impose a view only state, trading hold, withdrawal hold, session revocation, suspension, position reduction, market-specific restriction or account termination where authorised by the Rulebook and applicable law. Material discretionary enforcement will record a reason and review path.

Restrictions intended to reduce risk do not allow Kapolly to increase your exposure.

12. Market outcomes and settlement

You agree that each contract is resolved according to its published rules and authoritative source. The market process may include a preliminary determination, review period, dispute review and final settlement.

Kapolly may amend a determination only under the contract rules and Rulebook. Market expectations, commentary or price action do not override the stated resolution method.

13. Communications and records

You consent to receive legally permitted electronic communications at the email address and in product notification channels linked to your account. Important notices may include rule changes, market actions, security alerts, KYC requests, settlement notices and account restrictions.

Kapolly may maintain records of orders, transactions, account actions and communications for regulatory, audit, dispute and security purposes. Recorded communications will be handled in accordance with applicable privacy and recording laws.

14. Intellectual property and data

Kapolly retains rights in its software, platform design, original market materials, trademarks, compilation and proprietary data. Your use of market information is subject to the Market Data Terms.

Nothing in this Agreement transfers ownership of Kapolly source code, schemas, APIs or proprietary operational methods.

15. Service availability and operational events

Financial systems may experience maintenance, network failure, provider outage, market data failure or other disruptions. Kapolly may pause affected functions to protect orderly operation and preserve records. Operational actions are governed by the Rulebook.

Kapolly does not guarantee uninterrupted availability. Nothing in this clause limits duties that cannot lawfully be excluded.

16. Risk acknowledgement

• Contract prices can move quickly and you can lose the full amount paid or committed to a position.
• A market price is not a guarantee of the final outcome.
• Liquidity may be limited and you may be unable to exit at the price or time you prefer.
• Trading access, market availability and withdrawals may be limited by law, risk controls or payment systems.
• Source corrections, postponements and market-specific rules can affect the timing or method of settlement.
• You should trade only with money you can afford to commit and use available limits or breaks when appropriate.

17. Complaints and disputes

Complaints should first be submitted through Kapolly support or the Kapolly complaints contact shown in the platform before live regulated trading. Trading, settlement and disciplinary reviews follow the Market Rulebook.

Any mandatory external complaint, ombudsman, regulator, court or arbitration rights that apply in your country remain available.

18. Changes to this Agreement

Kapolly may amend this Agreement prospectively where permitted by law. Material changes will be dated and notified through an appropriate channel. If a change requires renewed acceptance, live access may be restricted until acceptance is completed.

19. Suspension and termination

You may request account closure after open orders, positions, payment issues, investigations and other legal obligations are resolved. Kapolly may suspend or terminate access under the Rulebook, but accrued rights, settlement obligations, records, confidentiality, data rights and enforcement provisions survive where their nature requires.

20. General terms

This Agreement and the incorporated documents form the agreement concerning use of Kapolly services, subject to any mandatory rights that cannot be waived. If a provision is unlawful or unenforceable, the remaining provisions continue to the extent permitted by law. You may not transfer your account or this Agreement without Kapolly’s written approval.