Terms of Service

Last updated: 11/14/2025

1. Acceptance of Terms

By accessing and using American Spend ("the Service"), you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to these terms, please do not use the Service.

2. Description of Service

American Spend provides a prediction market platform that allows users to participate in parimutuel betting pools based on consumer spending trends and patterns. The Service connects to users' financial accounts to track spending data and create markets around spending behaviors.

3. User Accounts

You are responsible for maintaining the confidentiality of your account and wallet credentials. You agree to accept responsibility for all activities that occur under your account. You must immediately notify us of any unauthorized use of your account.

4. Financial Data and Privacy

By connecting your financial accounts through our third-party service provider (Plaid), you authorize us to access and use your transaction data to create aggregated, anonymized spending insights. We will never sell your individual transaction data. All data handling is governed by our Privacy Policy.

5. Market Participation

Participation in prediction markets involves financial risk. You acknowledge that:

  • All market positions are subject to parimutuel pool mechanics
  • Market outcomes are final once resolved
  • You may lose some or all of your wagered funds
  • Markets may be cancelled or voided under certain circumstances
  • We reserve the right to impose betting limits and restrictions

6. Prohibited Activities

You agree not to:

  • Use the Service for any illegal purpose
  • Attempt to manipulate markets or outcomes
  • Create multiple accounts to circumvent restrictions
  • Use automated systems or bots without authorization
  • Reverse engineer or attempt to extract source code
  • Violate any applicable laws or regulations

7. Smart Contracts and Blockchain

Market participation is facilitated through smart contracts on the blockchain. You acknowledge that blockchain transactions are irreversible and that we cannot reverse or refund transactions once they are confirmed on the blockchain.

8. Fees and Rake

We may charge fees for market participation, including but not limited to rake percentages on winning positions. All applicable fees will be clearly disclosed before you place a bet. Transaction fees (gas fees) on the blockchain are separate and determined by network conditions.

9. Intellectual Property

All content, features, and functionality of the Service are owned by American Spend and are protected by international copyright, trademark, and other intellectual property laws. You may not reproduce, distribute, or create derivative works without our express written permission.

10. Disclaimers

THE SERVICE IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, ERROR-FREE, OR SECURE. WE ARE NOT RESPONSIBLE FOR ANY LOSSES RESULTING FROM MARKET PARTICIPATION.

11. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, AMERICAN SPEND SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES, WHETHER INCURRED DIRECTLY OR INDIRECTLY.

12. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the United States, without regard to its conflict of law provisions. Any disputes shall be resolved through binding arbitration.

13. Changes to Terms

We reserve the right to modify these terms at any time. We will notify users of any material changes by posting the new Terms of Service on this page and updating the "Last updated" date. Your continued use of the Service after such changes constitutes acceptance of the new terms.

14. Contact Information

If you have any questions about these Terms of Service, please contact us at legal@americanspend.com.