Risk Disclosure

You can lose money

Event contracts are speculative financial contracts. You can lose the full amount committed, and fees and taxes can reduce returns. Market prices are not objective probabilities or guarantees. Never trade money needed for living expenses or savings goals.

Contract and settlement risk

• Read the venue’s official rules, settlement source, deadlines, tick size, payout, fees, cancellation policy, and dispute process before trading.
• Ambiguous outcomes, corrected data, delayed results, rule changes, market cancellation, or a venue determination may produce a result different from your expectation.
• Jockey’s normalized market description may be incomplete or mapped incorrectly. The venue listing and rules always control.

Liquidity and execution risk

• A displayed quote may not be executable. Slippage, partial fills, queue priority, network delay, market suspension, venue limits, and price movement can change the result.
• A cancellation request is not a cancellation until the venue confirms it. An uncertain acknowledgement must be treated as potentially filled.
• Best displayed price may not be the best final outcome after fees, liquidity, settlement terms, account restrictions, or hedging costs.

Automation and agent risk

• An agent can misunderstand a prompt, choose the wrong contract, repeat an instruction, expose an access code, or act outside your intent. Restrict permissions and require human approval for material actions.
• Jockey controls reduce risk but cannot eliminate model, software, data, cyber, operational, or human error.
• A practice result proves workflow only. Paper P&L is a hypothesis, not proof of live performance.

Routing, geography, and venue risk

• Availability depends on your actual location, identity, account status, venue rules, and law. Jockey never authorizes location evasion and cannot determine that a trade is legal for you.
• A venue may lock, close, restrict, or liquidate an account; reject automation; change its API or terms; suffer an outage; or fail financially.
• Federal and state treatment of prediction markets can change or remain disputed. A venue appearing in Jockey is not legal advice or a representation that it is available everywhere.

Linked-trade and hedge risk

Independent venues do not share an atomic transaction. If one leg fills and the other fails, a flattening order may be unavailable, delayed, or costly. “Hedged” positions can still differ in wording, settlement source, timing, fees, or payout and therefore may not offset each other.

Behavioral and responsible-use risk

• Trading can become compulsive. Warning signs include chasing losses, hiding activity, borrowing to trade, missing obligations, or being unable to stop.
• Use deposit, loss, size, time, and agent-permission limits before trading. Take breaks and disable access if activity is affecting your finances, health, work, or relationships.
• Jockey controls are not treatment and cannot guarantee that venue activity stops. Use each venue’s limit, timeout, self-exclusion, and account-closure tools directly. If you may harm yourself or someone else, contact emergency services immediately.

Limits and self-exclusion

Jockey's limits apply only inside Jockey. They do not replace a venue's deposit limit, timeout, self-exclusion, or account-closure tools and cannot stop activity placed directly at a venue or through another service. A Jockey request to pause or close access may leave open positions, pending orders, settlement proceeds, tax records, and immutable security records at the venue. Contact every connected venue separately.

Cybersecurity and fraud risk

• Attackers may impersonate Jockey, a venue, support staff, or an agent to obtain money or credentials. Jockey will never ask you to place credentials in a prompt or send funds to unlock a withdrawal.
• Independently verify unusual instructions. Do not install remote-control software, share a one-time code, or approve an unexpected login or wallet transaction.
• Report suspected fraud promptly to the venue and appropriate authorities. Recovery of funds, accounts, or data cannot be guaranteed.

Records, tax, and complaints

Jockey summaries can be stale or wrong. Reconcile against official venue statements and keep your own records. You are responsible for tax reporting. Concerns about a regulated venue may also be directed to the venue, the National Futures Association when applicable, or the CFTC complaint process.

Regulatory and legal-change risk

The classification, availability, and permissible routing of an event contract can be disputed or change quickly. A court, regulator, legislature, venue, or payment or technology provider may restrict a product, location, account, or method of access with little notice. Positions and withdrawals may be affected. Jockey cannot guarantee continuing legality or availability and may stop a route while a question is unresolved.

Conflicts, influence, and information risk

• Do not trade a contract when your job, public duty, team or league role, campaign role, fiduciary duty, confidentiality agreement, access to a settlement source, or ability to influence the outcome makes the trade prohibited or improper.
• News, social posts, model output, market prices, and agent recommendations may be false, manipulated, stale, incomplete, or generated by parties with undisclosed interests.
• Jockey does not verify every source or identify every conflict. You remain responsible for deciding whether you possess restricted information or influence.

Concentration and correlation risk

Different contracts, venues, or agents may depend on the same event, data source, market participant, or infrastructure and therefore fail together. Position labels and separate accounts do not create diversification. Limits based on displayed notional may understate correlated exposure.