Prediction Market Risk Disclosure
Important risks relating to prediction markets, simulated trading, liquidity, resolution, and external infrastructure.
Market risk
Probabilities can move quickly and may be wrong. Market prices are not facts, forecasts, promises, or guarantees.
Liquidity and execution risk
Orders may not fill, may fill partially, or may execute at less favorable prices than expected. Thin liquidity, concentration, spread, and price impact can materially change outcomes.
Resolution risk
Markets depend on written rules, timestamps, evidence sources, and resolution logic. Sources can be delayed, conflicting, unavailable, or ambiguous, and a market may need to be invalidated or reviewed.
Technology risk
Web services, browsers, databases, RPC providers, blockchains, wallets, smart contracts, and third-party services can fail, slow down, or become unavailable.
Simulation risk
ECAP Practice results do not demonstrate future real-money performance. Simulated fills, balances, rewards, and creator revenue are not cash earnings.
Regulatory risk
Prediction-market and token-related rules vary by location and may change. Future production or token features may require additional restrictions, verification, or may not launch at all.