Terms & Conditions

Terms and Conditions for Bodega Market on Cardano

Last Updated: November 26, 2024

Welcome to Bodega Market, operated by Bodega Labs. These Terms and Conditions govern your use of our website located at www.bodegacardano.org and any services provided through the Site.

1. Acceptance of Terms

By accessing or using our Services, you agree to be bound by these Terms and Conditions. If you do not agree to all of the terms and conditions herein, please do not use the Site or Services.

2. Description of Service

Bodega Market is a decentralized prediction market platform where users can place bets on the outcomes of real-world events using ADA, the main currency of the Cardano network. All transactions and settlements are facilitated through smart contracts.

3. User Eligibility

• You must be at least 18 years old or the age of majority in your jurisdiction to use our Services.

• You are not allowed to use the Services if you are located in a country where participating in prediction markets or betting activities is illegal.

4. Account Registration

• To use our Services, you must connect your Cardano wallet.

• You are responsible for safeguarding your account details and for all actions taken with your account.

5. Use of Services

• Users can create and participate in prediction markets based on various events.

• All predictions must be made with ADA or Cardano native tokens. We do not accept or manage fiat currency yet; all transactions are blockchain-based.

• Market creation is subject to approval based on volume metrics and governance votes.

6. Fees

• A transaction fee may be applied to each bet placed. The fee structure will be transparent and visible before you place a bet.

• Fees will be used for platform maintenance, improvements, and operational costs.

7. Winnings and Settlements

• Winnings are automatically distributed via smart contracts once the outcome of an event is verified and settled.

8. Intellectual Property

• All content on the Site, including text, graphics, logos, images, and software, is the property of Bodega Labs or its content suppliers and is protected by international copyright laws.

9. Limitation of Liability

• We are not responsible for the event outcomes on which bets are placed.

• Users acknowledge that they place bets at their own risk and that there are no guarantees on returns.

10. User Conduct

• Users must not engage in any activities that could impair the operation of the Services, such as hacking or distributing viruses.

• Betting on illegal activities or creating markets for illegal events is strictly prohibited.

11. Dispute Resolution

• Any disputes arising from the use of our Services will first be addressed through our internal dispute resolution process before any legal action can be taken.

12. Changes to Terms

• We reserve the right to modify these Terms at any time. Your continued use of the Service after any changes signifies your agreement to the new terms.

13. Termination

• We may terminate or suspend access to our Services immediately, without prior notice or liability, for any reason whatsoever, including, without limitation, if you breach the Terms.

14. Governing Law

• These Terms will be governed by and construed in accordance with the laws of Dubai, United Arab Emirates, and you submit to the non-exclusive jurisdiction of the state and federal courts located in Dubai for the resolution of any disputes.

15. Contact Information

For any questions about these Terms, please contact us at: [e-mail].