Terms of Service
Last updated: December 2024
Wyrd is a research platform with peer-to-peer prediction markets. We are not a gambling or betting platform.
Agreement to Terms
Welcome to Wyrd. These Terms of Service ("Terms") govern your use of the Wyrd platform, including our website, applications, and services (collectively, the "Service").
By accessing or using the Service, you agree to be bound by these Terms. If you do not agree, do not use the Service.
1. Nature of Service
Wyrd is a research platform that provides:
- Natural Event Data Aggregation — Real-time feeds from authoritative sources (USGS, NOAA, NASA, NHC) displaying earthquakes, solar activity, volcanic eruptions, and other natural phenomena.
- Knowledge Graph — Visualization of connections between natural events and phenomena.
- Peer-to-Peer Prediction Markets — A protocol enabling users to express conviction about future natural events through position-taking in pools.
What Wyrd IS
- A research platform studying crowd prediction accuracy
- An interface to an open-source, peer-to-peer protocol
- A natural event data aggregator
- A tool for expressing and tracking conviction
What Wyrd is NOT
- A gambling, betting, or wagering platform
- A casino or house that takes positions against users
- A financial services or investment advisory firm
- A platform with manipulable outcomes
2. Protocol Disclaimer
The Protocol Is Decentralized
The prediction market functionality operates through an open-source, peer-to-peer protocol. Wyrd provides a user interface to interact with this protocol but does not control, custody, or have the ability to reverse transactions on the protocol.
Open Source Code
The smart contracts governing the prediction markets are open source and publicly auditable. You are encouraged to review the code before participating.
No House, No Odds-Maker
Unlike traditional gambling platforms, there is no "house" taking positions against participants. All prediction markets are peer-to-peer, meaning participants compete against each other. Pool ratios determine implied probability based solely on participant conviction.
Unmanipulable Outcomes
Natural events (earthquakes, solar flares, volcanic eruptions, hurricanes) cannot be bribed, fixed, or manipulated. Outcomes are verified through multiple government data sources (USGS, NOAA, NASA, NHC) via cryptographic oracle systems.
Settlement
Market settlement is deterministic and based on verifiable data from authoritative sources. No human judgment or interpretation is involved in determining outcomes.
3. Eligibility
To use the Service, you must:
Jurisdictional Compliance
You are solely responsible for ensuring that your use of Wyrd complies with all applicable laws in your jurisdiction. The availability of the Service does not constitute an offer or invitation to use the Service in any jurisdiction where such use would be illegal.
- Be at least 18 years of age (or the age of majority in your jurisdiction)
- Have the legal capacity to enter into binding agreements
- Not be located in a jurisdiction where use of prediction markets is prohibited
- Not be a person or entity subject to sanctions
4. Account Responsibilities
Account Security
You are responsible for: • Maintaining the security of your account credentials • Protecting your wallet private keys and seed phrases • All activity that occurs under your account • Notifying us immediately of any unauthorized access
We will never ask for your private keys or seed phrases.
Accurate Information
You agree to provide accurate information when creating an account and to update it as necessary.
5. Conviction Credits and Prediction Markets
Conviction Credits
Conviction credits are units used to participate in prediction markets on the platform. Credits are measured in cents (¢)—¢500 equals $5.
How Prediction Markets Work
- Participants take positions (Affirm or Negate) on claims about future natural events
- Pools accumulate conviction from participants on each side
- When the event outcome is verified by oracle data, winning participants receive proportional shares of the total pool minus protocol fees
- Pool ratios at any time represent the crowd's implied probability
Risk Disclosure
Participating in prediction markets involves risk. You may lose some or all of your staked conviction credits. Past performance does not guarantee future results. Only stake what you can afford to lose.
No Guaranteed Returns
We make no representations about potential returns. The amount you may receive depends entirely on pool dynamics and event outcomes.
6. Prohibited Conduct
You agree not to:
- Use the Service for any illegal purpose
- Attempt to manipulate markets through coordinated activity, false information, or market manipulation schemes
- Use automated systems (bots) to gain unfair advantages without authorization
- Attempt to reverse-engineer, decompile, or disassemble the Service
- Circumvent security measures or access controls
- Impersonate others or misrepresent your affiliation
- Harass, abuse, or harm other users
- Spread false information about natural events or market outcomes
- Use the Service if you are a sanctioned person or entity
7. Intellectual Property
Wyrd's Property
The Service, including its design, features, graphics, and content (excluding user content and open-source protocol code), is owned by Wyrd and protected by intellectual property laws.
Open Source Components
Certain components of the Service, including the prediction market smart contracts, are open source and governed by their respective licenses.
User Content
You retain ownership of content you submit. By submitting content, you grant us a license to use, display, and distribute it in connection with the Service.
8. Disclaimers
AS-IS SERVICE
THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
NO FINANCIAL ADVICE
Nothing on the Service constitutes financial, investment, legal, or tax advice. Consult qualified professionals before making financial decisions.
DATA ACCURACY
While we aggregate data from authoritative sources, we do not guarantee the accuracy, completeness, or timeliness of any data displayed on the Service.
RESEARCH NATURE
The Service is a research platform. Features may be experimental, and outcomes of research cannot be guaranteed.
PROTOCOL RISKS
Smart contract interactions carry inherent risks, including but not limited to: bugs, exploits, network congestion, and transaction failures. You accept these risks when using the Service.
9. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW:
- Wyrd shall not be liable for any indirect, incidental, special, consequential, or punitive damages
- Wyrd shall not be liable for any loss of profits, data, or conviction credits
- Wyrd shall not be liable for any damages arising from protocol failures, smart contract bugs, or third-party actions
- Our total liability shall not exceed the amount you paid to us in the 12 months preceding the claim
These limitations apply regardless of the legal theory and even if we were advised of the possibility of such damages.
10. Indemnification
You agree to indemnify, defend, and hold harmless Wyrd and its officers, directors, employees, and agents from any claims, damages, losses, or expenses (including reasonable attorney's fees) arising from:
- Your use of the Service
- Your violation of these Terms
- Your violation of any rights of another party
- Your violation of any applicable law
11. Dispute Resolution
Informal Resolution
Before initiating formal proceedings, you agree to contact us at legal@wyrd.fi to attempt informal resolution. We will work in good faith to resolve disputes within 30 days.
Arbitration Agreement
If informal resolution fails, all disputes shall be resolved through binding arbitration, except for claims that qualify for small claims court. You waive any right to participate in class actions.
12. Changes to Terms
We may update these Terms from time to time. Changes become effective when posted. We will notify you of material changes via email or prominent notice on the Service.
Your continued use after changes constitutes acceptance. If you disagree with changes, you must stop using the Service.
13. Termination
By You
You may close your account at any time. Active prediction market positions must be resolved or forfeited before account closure.
By Us
We may suspend or terminate your access for violation of these Terms, suspected fraud, or other conduct harmful to the Service or other users.
Effect of Termination
Upon termination, your right to use the Service ceases. Provisions that by their nature should survive (including disclaimers, limitations of liability, and dispute resolution) will remain in effect.
14. Miscellaneous
- Entire Agreement — These Terms constitute the entire agreement between you and Wyrd.
- Severability — If any provision is found unenforceable, other provisions remain in effect.
- Waiver — Our failure to enforce a right does not waive that right.
- Assignment — You may not assign these Terms. We may assign them freely.
- Force Majeure — We are not liable for delays caused by events beyond our control.
15. Contact
For questions about these Terms, please contact us at legal@wyrd.fi.