Risk Disclosure Statement
Last Updated: January 2025
Important Notice
ScorePlay is a global football knowledge competition operated by Scoreplay Société Anonyme, a company incorporated under the laws of the British Virgin Islands.
The primary product is a free football knowledge competition where players vote on match outcomes and earn ScorePoints based on accuracy and consistency.
USDC participation is optional, opt-in, and only available where permitted by law. If you choose to participate with USDC, you acknowledge that you understand and accept the risks associated with cryptocurrency and blockchain technology.
IF YOU PARTICIPATE WITH USDC, YOU MAY LOSE ALL FUNDS INVESTED. ONLY INVEST WHAT YOU CAN AFFORD TO LOSE.
Free Voting (Primary Product)
No Financial Risk
Free voting is the primary product and involves no financial risk:
- No money required - Voting is completely free
- No cryptocurrency needed - No wallet connection required
- No financial stakes - No risk of financial loss
- ScorePoints only - Earn SP from accurate predictions
Competition Risks
The only risks associated with free voting are:
- Incorrect predictions - You may not earn ScorePoints if your vote is incorrect
- Leaderboard position - Your ranking depends on accuracy and consistency
USDC Participation (Optional)
Important: USDC participation is optional, opt-in, and only available where permitted by law. The following risks apply only if you choose to participate with USDC.
Financial Loss
- You may lose all funds invested in USDC participation
- Past performance does not guarantee future results
- Market volatility can result in significant losses
- There is no guarantee of returns or profits
No Guarantees
- ScorePlay does not guarantee any returns or profits from USDC participation
- Outcomes are determined by real-world events beyond our control
- Market probabilities can change rapidly and unpredictably
No Investment Advice
- ScorePlay does not provide investment, financial, legal, or tax advice
- All information on the Platform is for informational purposes only
- You should consult with qualified professionals before making financial decisions
Blockchain and Cryptocurrency Risks (USDC Participation Only)
These risks apply only if you choose to participate with USDC.
Network Risks
- Blockchain networks may experience congestion, delays, or failures
- Transactions may fail or be delayed, resulting in loss of gas fees
- Network upgrades or forks may affect platform functionality
- Smart contract bugs or exploits could result in loss of funds
- Network fees (gas) can be high and unpredictable
Cryptocurrency Volatility
- Cryptocurrency values are highly volatile
- USDC and other tokens may lose value
- Exchange rates can fluctuate significantly
- Market conditions can change rapidly
Technical Risks
- Wallet security is your sole responsibility
- Lost private keys or seed phrases cannot be recovered
- Phishing attacks and scams are common in the crypto space
- Smart contract interactions are irreversible
- Technical errors may result in loss of funds
Immutability
- Blockchain transactions are permanent and cannot be reversed
- Once submitted, transactions cannot be cancelled
- Errors in transaction details cannot be corrected
- ScorePlay cannot reverse or cancel your transactions
Protocol-Specific Risks (USDC Participation Only)
These risks apply only if you choose to participate with USDC.
Decentralized Nature
- The Protocol is decentralized and operates autonomously
- ScorePlay does not control or operate the Protocol
- Protocol changes may affect functionality
- No central authority can intervene in transactions
Smart Contract Risks
- Smart contracts may contain bugs or vulnerabilities
- Exploits could result in loss of funds
- Smart contract upgrades may introduce new risks
- Code audits do not guarantee security
Non-Custodial Risks
- ScorePlay does not custody your funds
- You are solely responsible for wallet security
- No recovery mechanism for lost wallets
- No insurance or protection against losses
Market Risks (USDC Participation Only)
These risks apply only if you choose to participate with USDC.
Market Risks
- Probabilities can change rapidly
- Market manipulation is possible
- Liquidity may be insufficient for large trades
- Slippage can affect trade execution prices
- Markets may become illiquid
Settlement Risks
- Match results may be disputed or delayed
- Data sources may be inaccurate or unavailable
- Settlement disputes may take time to resolve
- Refunds may not always be available
- Settlement criteria may be ambiguous
Outcome Risks
- Real-world events are unpredictable
- External factors can affect outcomes
- Data providers may provide incorrect information
- Outcomes may be subject to interpretation
Interface Risks
Service Availability
- The Interface may experience downtime or technical issues
- Updates or maintenance may interrupt service
- We cannot guarantee uninterrupted access
- The Interface may be unavailable at any time
Third-Party Risks
- We rely on third-party services (blockchain networks, data providers)
- These services may fail or be unavailable
- We are not responsible for third-party failures
- Third-party changes may affect functionality
Security Risks
- Despite security measures, breaches are possible
- Your account or wallet may be compromised
- We recommend using hardware wallets and strong security practices (for USDC participation)
- No system is completely secure
Regulatory and Legal Risks
Regulatory Risks
- USDC participation may be restricted or illegal in your jurisdiction
- Regulations may change, affecting platform availability
- You may be subject to regulatory action
- Compliance requirements may change
Jurisdictional Restrictions
- ScorePlay free voting is available globally (except sanctioned countries)
- USDC participation is geoblocked and only available in permitted jurisdictions
- Using VPNs to circumvent restrictions violates our Terms
- Access may be restricted or terminated
- You are responsible for compliance with local laws
Tax Obligations
- Tax obligations vary by jurisdiction
- You are responsible for reporting and paying taxes
- Rewards and winnings from USDC participation may be taxable
- Consult a tax professional for advice
User Responsibilities
You are solely responsible for:
- Understanding how the football knowledge competition works
- Understanding how blockchain technology works (if using USDC)
- Managing your own risk and position sizing (if using USDC)
- Securing your wallet and private keys (if using USDC)
- Complying with applicable laws and regulations
- Paying any applicable taxes
- Verifying transaction details before confirming (if using USDC)
- Understanding market rules and settlement criteria (if using USDC)
Age and Eligibility
- You must be at least 18 years old (or the age of majority in your jurisdiction)
- You must not be in a Restricted Jurisdiction
- You must have the legal capacity to enter into binding agreements
- You must comply with all applicable laws
Limitation of Liability
To the maximum extent permitted by law:
- ScorePlay's total liability is limited to $100 USD
- ScorePlay is not liable for indirect, incidental, or consequential damages
- ScorePlay is not liable for losses due to:
- Market volatility (USDC participation only)
- Blockchain network issues (USDC participation only)
- Smart contract bugs (USDC participation only)
- User error
- Third-party services
- Regulatory changes
Acceptance of Risks
By using ScorePlay, you acknowledge that:
- You have read and understood this risk disclosure
- You understand that free voting involves no financial risk
- If you choose to participate with USDC, you accept all associated risks
- You are solely responsible for your decisions and losses (if using USDC)
- ScorePlay is not liable for your losses (if using USDC)
- If you participate with USDC, you may lose all funds invested
Contact
If you have questions about risks, contact us:
Email: [email protected]
REMEMBER: FREE VOTING INVOLVES NO FINANCIAL RISK. IF YOU CHOOSE TO PARTICIPATE WITH USDC (WHERE PERMITTED), ONLY INVEST WHAT YOU CAN AFFORD TO LOSE. USDC PARTICIPATION INVOLVES SUBSTANTIAL RISK OF LOSS. THE PROTOCOL IS DECENTRALIZED AND NON-CUSTODIAL. SCOREPLAY DOES NOT CONTROL OR OPERATE THE PROTOCOL.