Privacy Policy

1. Introduction

American Spend ("we," "our," or "us") is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our prediction market platform and services.

2. Information We Collect

We collect several types of information from and about users of our Service:

• Wallet Information: Your blockchain wallet address and associated public keys
• Financial Transaction Data: Transaction history from connected bank accounts via Plaid
• Usage Data: Information about your interactions with markets and the platform
• Device Information: Browser type, IP address, operating system, and device identifiers
• Cookies and Tracking: Data collected through cookies and similar technologies

3. How We Use Your Information

We use the information we collect to:

• Provide, maintain, and improve our Services
• Create aggregated, anonymized spending insights and market data
• Process your transactions and market participation
• Detect and prevent fraud, abuse, and security incidents
• Comply with legal obligations and enforce our Terms of Service
• Communicate with you about your account and our Services
• Develop new features and analyze platform usage patterns

4. Financial Data Collection via Plaid

We use Plaid Technologies, Inc. ("Plaid") to connect to your financial accounts. When you link your bank account:

• Plaid collects your bank login credentials and account information
• We receive transaction data, account balances, and account details from Plaid
• Plaid's privacy practices are governed by their own Privacy Policy
• We aggregate and anonymize your transaction data for market creation
• Individual transaction details are never sold to third parties

5. Data Sharing and Disclosure

We may share your information in the following circumstances:

• Aggregated Data: Anonymized, aggregated spending trends are made public through our markets
• Service Providers: With third-party vendors like Plaid, hosting providers, and analytics services
• Blockchain Transactions: Market participation is recorded on public blockchains
• Legal Requirements: When required by law, subpoena, or government request
• Business Transfers: In connection with mergers, acquisitions, or asset sales
• With Your Consent: When you explicitly authorize us to share your information

6. Blockchain and Public Data

Please be aware that all transactions on blockchain networks are public and permanent. This includes:

• Your wallet address and all associated transactions
• Market positions, bets, and outcomes you participate in
• Smart contract interactions and their results
• This information cannot be deleted or made private once recorded on the blockchain

7. Data Security

We implement industry-standard security measures to protect your information, including:

• Encryption of data in transit and at rest
• Regular security audits and vulnerability assessments
• Access controls and authentication requirements
• Secure storage of financial data with our service providers

However, no method of transmission over the Internet or electronic storage is 100% secure. While we strive to protect your information, we cannot guarantee absolute security.

8. Data Retention

We retain your information for as long as necessary to:

• Provide our Services and fulfill the purposes described in this policy
• Comply with legal, regulatory, and tax obligations
• Resolve disputes and enforce our agreements
• Maintain aggregated, anonymized data for research and analytics

Note that blockchain data is permanent and cannot be deleted from the blockchain.

9. Your Privacy Rights

Depending on your location, you may have certain rights regarding your personal information:

• Access: Request a copy of the personal information we hold about you
• Correction: Request correction of inaccurate or incomplete information
• Deletion: Request deletion of your personal information (subject to legal obligations)
• Portability: Request transfer of your data to another service
• Opt-Out: Opt out of certain data processing activities
• Withdraw Consent: Withdraw consent for data processing where applicable

To exercise these rights, contact us at privacy@americanspend.com.

10. Cookies and Tracking Technologies

We use cookies and similar technologies to:

• Remember your preferences and settings
• Analyze platform usage and performance
• Provide personalized content and features
• Prevent fraud and enhance security

You can control cookies through your browser settings, though this may limit platform functionality.

11. Third-Party Services

Our Service integrates with third-party services including:

• Plaid: For bank account connectivity and transaction data
• Blockchain Networks: For smart contract execution and market settlement
• Analytics Providers: For usage analysis and platform improvement

These third parties have their own privacy policies governing their collection and use of information.

12. Children's Privacy

Our Service is not intended for individuals under the age of 18. We do not knowingly collect personal information from children. If you believe we have collected information from a child, please contact us immediately.

13. International Data Transfers

Your information may be transferred to and processed in countries other than your country of residence. These countries may have different data protection laws. We take appropriate safeguards to ensure your information receives adequate protection.

14. Changes to This Privacy Policy

We may update this Privacy Policy from time to time. We will notify you of material changes by posting the new Privacy Policy on this page and updating the "Last updated" date. Your continued use of the Service after such changes constitutes acceptance of the updated policy.

15. Contact Us

If you have questions or concerns about this Privacy Policy or our data practices, please contact us at:

Email: privacy@americanspend.com