Terms of Service

Agreement to Our Legal Terms

These Terms constitute a legally binding agreement made between you, whether personally or on behalf of an entity ("you", "your" or "yours"), and the Company, concerning your access to and use of the Services. You agree that by accessing the Services, you have read, understood, and agreed to be bound by all of these Terms. IF YOU DO NOT AGREE WITH ALL OF THESE TERMS, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SERVICES AND YOU MUST DISCONTINUE USE IMMEDIATELY.

We may make amendments to these Terms by providing you with 30 days' prior notice of any material changes to be made. We will publish the revised Terms (the "Revised Terms") on the Site or provide a copy of them to you. The Revised Terms shall, where lawful, be effective 30 days after they are published on the Site or provided to you, unless we state otherwise. Your continued use of our Services after the posting or provision of Revised Terms constitutes your acceptance of such Revised Terms. If you do not agree with any such modification, you should close your Account and cease using our Services. You agree that any notification of amendments in the manner set out above shall be sufficient notice to you, and your continued access to and use of the Services shall constitute an affirmative acknowledgement by you of the amendments and shall be deemed to be your acceptance of the Revised Terms. Copies of the most up-to-date version of these Terms will be made available on our Site and App at all times.

You are strongly advised to read carefully the disclaimers and disclosures set out in these Terms, in particular those addressing the risks and legal obligations associated with the use of the Services. Please note that we do not execute, settle, or clear any blockchain transactions on the Bitcoin network or the Lightning Network, and we do not control any such network. You are responsible for exercising due diligence and caution when engaging in blockchain-related activities.

1. Our Services

1.1 We offer the following services:

• (i) providing custodial Bitcoin Lightning wallet services for the storage of Bitcoin ("Custodial Wallet Services");
• (ii) trading or purchase of event contracts (binary payoff contracts) for prediction markets denominated in satoshis (sats) (each an "Event Contract"); and
• (iii) operating a derivative digital asset exchange for the purposes of purchasing and trading Event Contracts (the "Platform"),

in each case, in accordance with these Terms (together the "Services").

1.2 To access our Services and the Platform you are required to register an Account. You agree to keep your password confidential and will be responsible for all use of your Account and password. We reserve the right to remove, reclaim, or change a display name you select if we determine, in our sole discretion, that such display name is inappropriate, obscene, or otherwise objectionable.

1.3 You may not use the Services if you: (a) are a U.S. person, Canadian person, or U.K. person; (b) are located in, or a resident or citizen of, any jurisdiction subject to sanctions; or (c) are otherwise prohibited by Applicable Laws from using the Services, are a Sanctioned Person, or are a terrorist, terrorist entity, or designated person or entity as defined or set out in any Applicable Laws relating to sanctions in any applicable jurisdiction, as amended, supplemented or replaced from time to time. We may block access to the Services in your geography and/or by IP address.

1.4 Our Services are provided on a non-advisory basis, meaning that we will not provide you with any advice as to the merits of any Event Contract. You are solely responsible for any decisions taken in respect of all Event Contracts that you choose to enter or not enter into under these Terms. In providing the Services, you acknowledge that we do not provide you with any investment, legal, tax or other form of advice, nor can you rely on any statements made by us.

1.5 The information provided in these Terms is not marketing material, promotional material or an offer for any product or trade. You are solely responsible for any losses, damages or costs resulting from your reliance on any data or information that we may provide.

1.6 You agree that any Group Company of the Company may provide any part, or all of, any Service at any time without any further notification, unless the change materially affects your rights and/or obligations.

1.7 You agree that we may use outsourced providers in connection with any part, or all of, any Services at any time without any further notification. You agree and acknowledge that we may use outsourced providers who provide custodial wallets and Bitcoin and Lightning infrastructure for the purposes of our Custodial Wallet Services. We only engage third-party providers that we consider to maintain appropriate standards of security, asset segregation and operational resilience.

1.8 The information provided when using our Services is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Accordingly, those persons who choose to access the Services from other locations do so on their own initiative and are solely responsible for compliance with local laws, if and to the extent local laws are applicable.

2. Eligibility

2.1 The availability of our Services depends upon several factors that determine your eligibility to engage with them. We may refuse to provide our Services in specific locations and jurisdictions, and information regarding these restricted areas shall be communicated to you through our official communication channels as set out in these Terms.

2.2 To be considered eligible to use and engage with our Services, you must affirm that:

• (a) you are at least 18 years old;
• (b) you have never been suspended or subjected to any other form of restriction from using our Services;
• (c) entering into a binding agreement with us does not conflict with or violate any other contractual obligations to which you are legally bound;
• (d) you are not subject to international economic restriction measures and sanctions, such as those imposed by the United Nations, nor affiliated with companies, groups, or entities subject to international sanctions, nor do you otherwise represent such natural or legal persons (a "Sanctioned Person"); and
• (e) you are not situated, located, domiciled, or residing in any of the Excluded Countries or Restricted Territories, without exception. The complete list of Excluded Countries and Restricted Territories is published on the Site and is updated from time to time.

2.3 For individuals intending to use the Services on behalf of a legal entity, eligibility is determined by meeting the following requirements:

• (a) your organisation has been incorporated in compliance with the legal provisions of its jurisdiction;
• (b) your organisation conducts its activities in accordance with applicable laws and regulations;
• (c) you possess the legal authorisation to represent your organisation and enter into legally binding agreements on its behalf, which you are able to demonstrate by appropriate means;
• (d) your organisation is not situated, located, founded, or incorporated in any of the Excluded Countries or Restricted Territories, including those subject to international economic restriction measures and sanctions, such as those imposed by the United Nations; and
• (e) your organisation is not a Sanctioned Person, is not affiliated with companies, groups, or entities subject to restrictions and sanction regimes, and does not otherwise represent such Sanctioned Persons.

2.4 We retain the right to assess your eligibility to access and use our Services at any time by evaluating your adherence to the eligibility criteria outlined above. In the event of amendments, modifications, or expansions of eligibility criteria, we may reevaluate your eligibility accordingly. We may request proof of eligibility if deemed necessary. All determinations, including initial and ongoing assessments of your eligibility, are final.

3. User Account

Account Registration

3.1 To access and use the Services, you must register an Account through the Site by providing an email address and setting a password. You may also select a display name. Access to the Services is conditional upon your acceptance of these Terms, the Privacy Policy and the Risk Disclosure Statement, together with the applicable geographic and eligibility requirements. Access may be restricted where your IP address resolves to an Excluded Country or Restricted Territory.

3.2 Before you are permitted to access and use the Services, you must affirmatively confirm, through separate checkboxes, that:

• (a) you have read, understood and agree to these Terms, the Privacy Policy and the Risk Disclosure Statement;
• (b) you are at least 18 years of age, or the age of majority in your jurisdiction if higher, and have full legal capacity to enter into and be bound by these Terms;
• (c) you are not located in, resident in or a citizen of an Excluded Country or Restricted Territory and are not subject to any applicable sanctions or designation;
• (d) you are not using a virtual private network (VPN), proxy or any similar tool or technology to circumvent Glimpse's geographic restrictions;
• (e) you are the sole owner and operator of the Account and are acting solely for your own account;
• (f) you understand that Bitcoin credited to your Account is held by us as custodian on the terms set out in clause 4, and that Lightning and on-chain Bitcoin transactions are final and irreversible once confirmed on the relevant network; and
• (g) you understand and accept that Event Contracts are speculative and may result in the loss of the entire amount committed.

3.3 You are responsible for maintaining the confidentiality of your Account credentials and for all activity conducted through your Account. You must notify us immediately at hello@glimpse.markets if you become aware of or suspect any unauthorised access to your Account. For security purposes, an authenticated session expires twenty-four (24) hours after it is established, after which you must authenticate again in order to continue using the Services.

3.4 You must ensure that the information you provide to us is true, accurate, current and complete, and you must promptly notify us of any change in circumstances that affects the accuracy or integrity of that information.

3.5 By completing the registration process, you expressly acknowledge that you have read, understood, and agreed to be bound by these Terms and the Privacy Policy.

Third-Party Representation

3.6 Each user must register their own Account. We do not allow third parties to register an Account on someone else's behalf. By accepting these Terms, you confirm that the registration is made personally by you, for your own use. Any attempt to create an Account through a third party is strictly prohibited and may result in the suspension or termination of the Account. Users are solely responsible for their own registration and use of the Services under these Terms.

Accounts of Minors

3.7 Glimpse does not allow the registration or opening of Accounts for minors.

Limitation on Multiple Accounts

3.8 By accepting these Terms, you confirm that you are creating and operating a single Account for your own use and on your own behalf.

3.9 You must not create or use multiple Accounts or API keys for the purpose of circumventing any trading or position limits, market-integrity rules, or any suspension, restriction or termination imposed by Glimpse.

3.10 We may use automated risk analytics to identify Accounts that may be under common ownership or control. Such analytics may include:

• (a) comparison of registration details, including email addresses and display names;
• (b) correlation of IP addresses, device fingerprints, browser characteristics and session data across Accounts;
• (c) analysis of trading and behavioural patterns, including mirrored or offsetting positions and coordinated trading activity; and
• (d) analysis of identical or substantially similar API usage patterns.

3.11 Any alerts generated through such analytics will be subject to manual review by Glimpse before any restriction is applied. Where, following such review, Glimpse reasonably determines that multiple Accounts are under common ownership or control, Glimpse may treat those Accounts as a single Account for the purposes of applying trading or position limits, market-integrity measures or other restrictions under these Terms. Glimpse may also restrict, suspend or terminate access in respect of any or all such Accounts where necessary to enforce these Terms.

3.12 Where access to an Account is restricted, Glimpse will display an on-screen notice upon the next attempted login and will send an equivalent notice to the email address registered to the Account. The notice will state the general grounds for the restriction, to the extent that such disclosure is permitted by Applicable Laws and would not prejudice any investigation, and will provide the support channel through which you may make representations regarding the restriction.

Inactive Accounts

3.13 Glimpse does not charge any inactivity, dormancy or administrative fees. Any open Event Contracts will continue to settle automatically in accordance with the Market Rules, with any settlement proceeds credited to your Custodial Wallet. If you have not accessed the Services for a period of time, you may resume use by logging in to your Account, subject to any access restrictions applicable at that time. No separate reactivation request, notification or additional action is required.

3.14 Where an Account has remained inactive for a continuous period of twelve (12) months, we may close the Account by giving you thirty (30) days' prior notice by email, during which period you may withdraw any Custodied Digital Assets held for you. Any Custodied Digital Assets remaining at the end of that period will continue to be held for you in accordance with these Terms and Applicable Laws.

Account Closure

3.15 You may close your Account at any time by notifying us by email at hello@glimpse.markets, subject to the settlement or sale of any open Event Contracts and the withdrawal of any remaining Custodied Digital Assets. Upon closure, any remaining Custodied Digital Assets will be returned to you, subject to Applicable Laws and any applicable fees. Bitcoin (BTC) is the only supported asset and fiat currency is not accepted.

3.16 You may request deletion of Account data held by Glimpse by contacting privacy@glimpse.markets. Glimpse may require verification through the email address registered to your Account. Verified requests will be completed within thirty (30) days, except in respect of information that Glimpse is required or permitted to retain, including applicable compliance and legal records. Information recorded on the Bitcoin blockchain is outside Glimpse's control and cannot be deleted by Glimpse. Upon completion, Glimpse will confirm the deletion by email.

Account Suspension and Termination

3.17 We retain the right to freeze, restrict, suspend or terminate your Account and your access to our Services at our sole discretion, including in the following circumstances:

• (a) we are required to do so by Applicable Laws, a court order, a law enforcement request, or any other competent authority;
• (b) we have reasonable grounds to suspect a breach of these Terms or any other applicable agreement;
• (c) we suspect unauthorised or fraudulent access to your Account, or believe that a login to your Account has been initiated without your consent or knowledge, or suspect any other compromise in the security of your Account;
• (d) there are reasonable grounds to believe that a transaction or an Order is erroneous;
• (e) there are reasonable grounds to suspect fraud or other financial crime associated with your Account;
• (f) your Account is subject to ongoing or pending litigation, investigations, or legal proceedings;
• (g) your Account has been involved in any Prohibited Use activities as outlined in these Terms;
• (h) abnormal market stress, excessive transaction volume or any situation reasonably determined by us to threaten the orderly operation, liquidity or security of the Platform, which may include significant withdrawal requests, excessive sell or trade activity, or technical or liquidity constraints affecting the AMM;
• (i) there are technical or security issues affecting the Platform; or
• (j) we have reason to believe that your actions may harm our reputation, have resulted in adverse consequences for Glimpse, or could create legal, operational, or reputational risk.

3.18 During a freeze or suspension, access to funds, open positions, or trading functionality may be temporarily limited. Where permissible, we will notify you of the reason for the restriction and the steps, if any, required to lift it. We reserve the right not to disclose specific reasons for a suspension, restriction or termination where disclosure would prejudice the security of the Platform, an ongoing investigation, or our compliance with Applicable Laws.

3.19 If we terminate or suspend your Account for any reason, you are prohibited from registering and creating a new Account under your name, a fake or borrowed name, or the name of any third party, even if you may be acting on behalf of that third party. In addition to terminating or suspending your Account, we reserve the right to take appropriate legal action, including without limitation pursuing civil, criminal, and injunctive redress.

4. Custodial Wallets

4.1 Where we agree to act as custodian and provide Custodial Wallets, we will maintain records which identify the Bitcoin that you have deposited in your Custodial Wallet and that is not being used for trading or settlement, or until you authorise a transaction on the Platform (the "Custodied Digital Assets"). All Custodied Digital Assets are held by us in segregated accounts that are operationally and legally separate from the Company's own funds and from any investor assets. Glimpse utilises reputable third-party service providers for Bitcoin and Lightning infrastructure, and Custodied Digital Assets are maintained under an omnibus wallet architecture designed to ensure that such Custodied Digital Assets remain bankruptcy-remote as permitted by law and contract. Our custodial Lightning wallets can only support Bitcoin.

4.2 All Custodied Digital Assets will be held on trust for you in accordance with these Terms, and we will maintain a sufficient amount of Digital Assets to enable us to meet our obligations to you in respect of such Custodied Digital Assets under Applicable Laws. All beneficial interests in any Custodied Digital Assets we hold for clients are not property of Glimpse and are not subject to claims of Glimpse's creditors. As beneficial owner of the Custodied Digital Assets, you shall bear all risk of loss in the value of such Digital Assets. Glimpse shall have no liability for fluctuations or loss in the value of such Custodied Digital Assets. None of the Custodied Digital Assets are the property of, or shall or may be loaned to, Glimpse. Glimpse does not represent or treat Custodied Digital Assets as belonging to Glimpse. Glimpse will not sell, pledge, grant security in, transfer, loan, hypothecate, or otherwise alienate Custodied Digital Assets, unless instructed by you, as permitted in these Terms, or as compelled by a valid court order or regulatory authority.

4.3 Glimpse exercises no rights of ownership, voting or governance rights in respect of Custodied Digital Assets.

4.4 We, or our designated sub-custodian, securely store digital asset private keys, which are used to process transactions, in a combination of online and offline storage. As a result of our security protocols, it may be necessary for us to retrieve private keys or related information from offline storage in order to facilitate a transfer or withdrawal of digital assets ("Transfers") in accordance with your instructions, and you acknowledge that this may delay the initiation or crediting of such Transfers.

Wallet Security and Asset Storage

4.5 We maintain technical and organisational security measures designed to protect Custodied Digital Assets, including a combination of online and offline storage, encryption of key material, access controls restricting key operations to authorised personnel, and authorisation controls applicable to transfers of client assets. We do not publish details of our key management architecture, the allocation of assets between storage environments, or the identity of our security and infrastructure providers, and we may vary these measures at any time without notice.

Escrow of the Cost

4.6 Upon entering into a trade or purchasing an Event Contract on the Platform, the Cost will be transferred from the Custodial Wallet holding your Custodied Digital Assets into the Escrow Account.

4.7 The Company will hold such funds in escrow in the Escrow Account until the Market Prediction Event has occurred and the Event Contract is settled, or until you sell the Event Contract back to the AMM.

4.8 You acknowledge and agree that your redelivery rights in respect of any Custodied Digital Assets are not necessarily for the exact same Digital Assets as you deposited, but will instead be in respect of an equal amount of Digital Assets based on the same cryptographic protocol as that deposited.

Risk of Loss, User Responsibility and Security Measures

4.9 Clients are solely responsible for maintaining the security of their Accounts, including safeguarding access credentials and authentication factors. Glimpse shall not be liable for losses arising from unauthorised access resulting from compromised client devices, passwords, or negligence in maintaining Account security. Recommended measures include enabling two-factor authentication (2FA), using a unique and strong password, keeping real-time security alerts active, and reviewing your Account ledger regularly.

4.10 There are limitations on our ability to prevent losses. Bitcoin and Lightning transactions are irreversible once confirmed, and we cannot reverse transfers made to an incorrect address or recover access where a client has lost control of their authentication devices. External threats such as phishing attacks, malware, SIM swapping, or other activities outside our control may also result in unauthorised access. In rare cases, system outages, legal requirements, or network congestion may delay withdrawals or restrict Account access.

4.11 Depositing unsupported cryptocurrencies or using the wrong network may result in funds not being credited or visible in your Account. In many cases, such assets cannot be recovered and may be permanently lost. Any recovery, if technically possible, may require manual intervention and is not guaranteed. You are responsible for confirming supported assets, networks, and addresses before making any transfer.

4.12 Losses resulting from user error, the compromise of your own device or credentials, or misuse of the Services are not our responsibility. We do not operate, contribute to, or participate in any guarantee fund, reserve fund or compensation scheme for the benefit of clients, and no client has any right to compensation or reimbursement from any such arrangement. Insurance is addressed in clause 14. Our liability in respect of any loss arising out of or in connection with the Services is governed exclusively by section 12, and nothing in these Terms excludes or limits any liability that cannot be excluded or limited under Applicable Laws.

5. Event Contracts (Product Terms)

5.1 Event Contract. Our Platform allows users to purchase and trade Event Contracts. By purchasing an Event Contract, you are taking a position on whether a particular Market Prediction Event will or will not occur. Event Contracts are executed through the Platform's AMM, which prices trades algorithmically and holds funds in escrow until the relevant event is resolved. Participation in Event Contracts involves financial risk, and users acknowledge that they may lose the funds used to enter a trade.

5.2 Denomination and payoff. Event Contracts are priced between 0 and 100 satoshis ("sats") (where 1 BTC = 100,000,000 sats) and settle at either 0 or 100 sats: 100 sats if the predicted outcome occurs, and 0 sats otherwise. Each Event Contract's pricing will be as displayed on our Platform.

5.3 Pricing mechanism. All transaction costs and quoted prices for Event Contracts are determined by a Liquidity-Sensitive LMSR ("LS-LMSR") cost and price function, which reflects the market's aggregated implied probability. The AMM will buy and sell contracts at the LS-LMSR price.

5.4 Guaranteed buy and sell quotes. We guarantee that, once Event Contracts are purchased, you can sell the Event Contract back to the AMM at the then-current LS-LMSR price whilst the Event Contract remains open.

5.5 No margin or leverage. There are no margin requirements. Each Event Contract purchase is fully collateralised and paid in sats at the relevant purchase or trade time.

5.6 Trading limits. Unless otherwise specified on the Platform, trading is subject to a position limit of 1,000,000 satoshis (0.01 BTC) per Account per Market. We reserve the right to amend such limits from time to time upon notice to you in accordance with these Terms.

5.7 Cost of Event Contracts. Upon the purchase or trade of an Event Contract on the Platform, the amount you pay to open the position (the "Cost") shall be immediately transferred into the Company's Escrow Account to be held until the Market Prediction Event has occurred or you decide to sell your Event Contract. The Cost is your maximum exposure of loss for that position on that specific Event Contract. If the outcome of the Market Prediction Event is not in your favour, the Cost you paid will be forfeited and settled as provided under the terms of the Event Contract. You will not owe, and the Company will not seek to collect, any additional funds beyond the Cost that was paid to acquire the Event Contracts. Your Account will never be negative as a result of losses on the Event Contracts.

5.8 Automated Market Maker. All Event Contracts that are purchased or traded on the Platform are executed through an AMM mechanism. When you enter into a trade or purchase an Event Contract, your order is automatically matched against the AMM's liquidity pool, which prices contracts based on the LS-LMSR calculation. The Company does not act as a counterparty to any trade or purchase of any Event Contract.

5.9 Funding of liquidity pool. The Platform funds each LS-LMSR AMM with an initial quantity of contracts for both "Yes" and "No" outcomes. Trades are executed against the AMM, and there are no third-party liquidity providers for the Platform. As a result, you will not have an identifiable counterparty for any trade, and the risk and outcome of your position are determined entirely by the AMM's algorithmic pricing and the settlement of the underlying event outcome for the Event Contract.

5.10 Rules of settlement. Each Event Contract is subject to its own rules regarding settlement, resolution, and payout, as described on the Platform. The resolution of the underlying event is final and binding, and the outcome determines the payout of all positions held in each Event Contract. You acknowledge and accept the settlement criteria and process as part of your participation on the Platform and acceptance of these Terms. The Platform does not intervene in any settlement outcomes.

5.11 Receipts. Clients will receive confirmations or receipts for every transaction via the in-App ledger and/or by electronic mail. These confirmations constitute conclusive evidence of the relevant transaction unless manifest error is shown.

5.12 Account access. If you suspect unauthorised access to your Account or a mistaken transfer within Glimpse's internal ledger, you must notify Glimpse immediately. Upon receiving such notice, Glimpse will investigate and, where feasible, may correct errors through internal ledger adjustments. No reversals can be made to confirmed Lightning or on-chain transactions. Glimpse provides transaction confirmations and receipts for all deposits, withdrawals, and trades through the client's Account ledger and by electronic mail.

6. Trading

6.1 This section sets out the conditions under which Users may trade on the Platform. Bitcoin is the only asset supported for funding, trading and withdrawal.

6.2 Completion of an on-chain transaction is effected by the recording of that transaction on the Bitcoin blockchain and its confirmation by the network. The Bitcoin network and the Lightning Network are decentralised and peer-to-peer in nature, and we exercise no control over them. We are therefore not responsible for the confirmation of any transaction, and you acknowledge that your transactions may be delayed or may not complete for those reasons. You further acknowledge that, for the same reasons, a confirmed transaction may not be reversed, cancelled, or modified.

6.3 The disclaimer of risk set out above applies to a similar extent to any event of a fork or other disruption of the Bitcoin network or the Lightning Network. You understand that any such event, including forks, may lead to interruptions, delays, and partial or incorrect completions of transactions, for which we shall assume no liability.

6.4 By placing a trading order ("Order"), you agree that we reserve the right to cancel, terminate, or otherwise refuse the processing of any transaction in accordance with law or the lawful order of any law enforcement authority or court. Any Order or transaction deemed to be associated with fraud or other financial crime will not be processed by Glimpse, and appropriate action will be taken as prescribed by law should such transaction be identified.

Order Placement

6.5 Before you are permitted to access and use the trading functions of the Platform, you must:

• (a) register an Account and fund your Custodial Wallet with Bitcoin;
• (b) review and accept these Terms, the Privacy Policy, the Risk Disclosure Statement and any other terms applicable to the Services; and
• (c) be at least eighteen (18) years of age and not be located in an Excluded Country or Restricted Territory.

6.6 Access to the Platform is authenticated using your Account credentials. For API trading, you must generate an API key and comply with the applicable API Terms.

6.7 The Platform makes available Event Contract markets relating to specified reference assets and resolution periods. Before placing an Order, you must select the relevant Market and price range and review the applicable Market Rules, including the designated reference asset and data source, resolution time, available price ranges and other information displayed for that Market.

6.8 Orders may be placed for the immediate purchase or sale of Event Contracts at the price determined by the AMM. The Platform does not currently support limit, stop or conditional orders. You may specify the quantity of Event Contracts or the amount of Bitcoin to be committed and, where available, your maximum acceptable slippage.

6.9 Before you confirm an Order, the Platform will display the applicable transaction information, which may include the quoted price, quantity, total cost, applicable fees, maximum slippage, potential payout and resulting position. You are responsible for reviewing all transaction information before confirming an Order.

6.10 An Order is submitted by confirming the relevant transaction on the Platform. Upon acceptance, the Cost is debited from your Custodial Wallet and transferred to the Escrow Account, and the transaction will be treated as executed. The Platform will provide confirmation of the transaction and record the resulting position in your transaction and position history.

6.11 You may view and monitor your open and resolved positions through the relevant Portfolio or Positions section of the Platform or, where applicable, through the API. Information relating to each Market, including its Market Rules, resolution criteria, reference data source, applicable fees and other relevant parameters, will be made available on the relevant Market page.

6.12 The Markets and reference assets available on the Platform may change from time to time. You may only place an Order in respect of Markets that are open and available for trading on the Platform at the relevant time.

Order Execution

6.13 The Platform does not operate an order book. Liquidity for each Market is provided through the AMM, and the execution price of an Order will depend on the size of the Order and the applicable liquidity parameters. Larger Orders may result in greater price impact or slippage. The total cost displayed to you before confirmation will reflect the estimated price impact of the Order.

6.14 Orders are intended to be executed in full and are not subject to partial execution due to insufficient liquidity. Where an Order exceeds an applicable position limit or other trading restriction, the Order will be rejected before execution.

6.15 Any quote displayed to you prior to execution is valid for thirty (30) seconds. You may abandon an Order at any time before confirming it, in which case no funds will be committed. Once an Order has been accepted and executed, the Order is final, binding and cannot be modified or cancelled.

6.16 The execution price may change between the time a quote is displayed and the time your Order is accepted, including as a result of trading activity by other Users. Orders will therefore be executed at the applicable AMM price prevailing at the time of acceptance, subject to your selected maximum slippage tolerance. Unless otherwise specified or adjusted by you, the default maximum slippage tolerance is two per cent (2%).

6.17 If the applicable execution price moves beyond your maximum slippage tolerance before the Order is accepted, the Order will be rejected and no funds will be committed. You acknowledge that market activity and applicable liquidity parameters may affect the price at which your Order is executed.

6.18 The payout applicable to an Event Contract is determined in accordance with the applicable Market Rules and is not affected by any price impact or slippage incurred when purchasing the Event Contract.

Order Fulfilment

6.19 An Order may be rejected, delayed or not fulfilled where: (i) you fail to confirm before the quote expires; (ii) your Custodial Wallet has an insufficient available balance to cover the Order and applicable fees; (iii) the Market has closed or resolved; (iv) the price exceeds your maximum slippage tolerance; (v) a position limit is exceeded; (vi) your Account or API key is restricted; (vii) a required network or service is unavailable; (viii) the Platform is undergoing maintenance or experiencing an outage; (ix) applicable API rate limits are exceeded; or (x) we are required to delay or refuse the Order under Applicable Laws or a lawful order of a competent authority.

6.20 All Orders must be fully funded from your Custodial Wallet. Glimpse does not provide credit, margin or leverage. If an Order is rejected before acceptance, no funds will be committed and you may submit a new Order. Where funds have been committed but the Order cannot be executed, they will be returned automatically to your Custodial Wallet.

6.21 Once an Order has been accepted and the resulting position recorded, it is final and cannot be cancelled. While the Market remains open, you may sell your position back to the AMM at the prevailing price.

6.22 Order execution, settlement or resolution may be affected by failures or unavailability of relevant networks, infrastructure or reference data providers outside our reasonable control. In such circumstances, we may suspend or extend a Market, apply an applicable fallback procedure, or void the Market and return committed funds in accordance with the Market Rules.

Order Placement Through the API

6.23 The Platform provides REST API and WebSocket functionality that allows Users to access market data, obtain quotes, place Orders and retrieve position and transaction information. To access API trading functionality, you must generate an API key following authentication to your Account and accept the applicable API Terms. API keys are associated with your Account and must be kept secure at all times.

6.24 The API supports the same Order types available through the Platform. Orders may be placed for the immediate purchase or sale of Event Contracts against the AMM, subject to applicable parameters including quantity or amount and maximum slippage tolerance. Limit, stop and conditional Orders are not supported.

6.25 There are no additional fees for accessing or using the API. Orders placed through the API are subject to the same trading fees, position limits and other restrictions applicable to Orders placed through the Platform.

6.26 API usage is subject to rate limits of 600 market-data requests per minute and 60 order requests per minute per API key, as published in the API documentation. We may throttle, suspend or revoke an API key where such limits are repeatedly or abusively exceeded or where the API is otherwise used in breach of these Terms or the applicable API Terms.

6.27 The API is language-agnostic and may be accessed using compatible programming languages or frameworks. We may provide open-source software development kits, documentation, examples and a sandbox environment for integration and testing purposes.

6.28 API Orders are processed through the same trading systems as Orders submitted through the Platform. We do not guarantee any particular execution time, latency or availability, and API Orders remain subject to applicable network conditions, quote validity, Market status, rate limits and other factors affecting Order execution. Execution and other relevant status information will be provided through the applicable API responses and WebSocket functionality.

6.29 We may update, modify or deprecate API functionality from time to time. Where a change is materially incompatible with an existing API version, we will provide thirty (30) days' advance notice in accordance with the applicable API Terms, except where an immediate change is reasonably required for security or legal compliance purposes. API documentation and technical support relating to Platform-side integration issues will be made available through the channels specified on the Platform.

7. Deposits

7.1 Users fund their Account by depositing Bitcoin ("BTC"), denominated in satoshis, into their Custodial Wallet. Deposits may be made through the Bitcoin Lightning Network or by an on-chain Bitcoin transaction. The Platform will provide a Lightning invoice or a deposit address, together with any applicable minimum amount and estimated network costs, before payment.

7.2 Lightning invoices issued in respect of a deposit must be paid within the stated expiry window. All Lightning and on-chain Bitcoin transactions become final and irreversible once confirmed on the network.

7.3 Only Bitcoin is supported. Fiat currencies, stablecoins, tokens and other cryptocurrencies are not accepted or supported. Any unsupported asset sent to a deposit address generated by the Platform may be permanently lost, and the Company shall not be liable for any such loss.

7.4 Bank transfers, credit or debit cards and third-party payment processors are not supported. Users may, however, fund their Custodial Wallet with Bitcoin from any source under their control, including by withdrawing Bitcoin from a third-party exchange.

7.5 The processing time for Bitcoin transactions may vary depending on the relevant payment method, network conditions and any required confirmations. The Company does not control the operation, availability or performance of the Bitcoin network or the Lightning Network and shall not be liable for delays or interruptions attributable to those networks.

7.6 Deposits are credited to your Custodial Wallet and recorded in your Account ledger. Funds remain in your Custodial Wallet until used to purchase an Event Contract or withdrawn. We may delay or decline to credit a deposit where we are required to do so under Applicable Laws or a lawful order of a competent authority.

8. Withdrawals

8.1 All withdrawals are conducted in Bitcoin from your Custodial Wallet to a Lightning invoice or on-chain Bitcoin address specified by you. Any proceeds arising from the sale of Event Contracts prior to resolution, or from the settlement of winning Event Contracts, will be credited to your Custodial Wallet and may be withdrawn in the same manner.

8.2 We do not impose any daily, weekly or monthly limits on the amount of Bitcoin that you may withdraw. Withdrawals may nevertheless be subject to limitations or delays arising from the relevant network, including Lightning channel capacity and routing availability, Bitcoin network fees and required on-chain confirmations, and from the retrieval of private keys from offline storage in accordance with our security protocols. Network conditions are outside our control and we shall not be liable for any delay, failure or additional cost arising from them.

8.3 We may delay or refuse a withdrawal where we are required to do so under Applicable Laws or a lawful order of a competent authority, or where we reasonably suspect unauthorised access to your Account, pending completion of our review.

8.4 The above withdrawal terms are separate from any trading or position limits applicable to the Services. Unless otherwise specified on the Platform, trading is subject to a position limit of 1,000,000 satoshis (0.01 BTC) per Account per Market. We reserve the right to amend such limits from time to time upon notice to you.

8.5 For security reasons, you shall ensure the accuracy of any recipient wallet address, Lightning invoice or other payment information when initiating a withdrawal. Bitcoin transactions are irreversible, and sending Bitcoin to an incorrect address or otherwise providing incorrect payment information may result in the unrecoverable loss of your funds. You acknowledge and accept the risks associated with such transactions, and further information on the risks associated with Bitcoin transactions is set out in the Risk Disclosure and Disclaimer section of these Terms.

9. Fees

9.1 All fees and charges applicable to the Services are described in the Fee Schedule published on the Site and within the App. Glimpse charges a two per cent (2%) fee on each buy and on each sell of Event Contracts, calculated on the number of satoshis paid or received and deducted automatically at the time of execution.

9.2 Network fees associated with the Bitcoin Lightning Network or on-chain Bitcoin transactions are pass-through charges and will be displayed or estimated prior to confirmation of any deposit or withdrawal. A small withdrawal fee may apply to cover Lightning and on-chain network costs, as specified in the Fee Schedule.

9.3 Glimpse does not charge any account, subscription, inactivity, conversion, API or deposit fees. The Site does not support fiat payment methods and therefore does not impose any additional fees in connection with bank transfers, credit or debit cards, or other fiat payment channels.

9.4 Glimpse reserves the right to amend its fee structure from time to time upon thirty (30) days' prior notice to you in accordance with these Terms.

9.5 You are solely responsible for any taxes, duties, or assessments arising from your trading or use of the Services.

10. No Refund Policy

10.1 All Event Contract purchases are final. Lightning and on-chain transfers are irreversible and we cannot reverse or recall them. If a mistaken transfer occurs within Glimpse's internal ledgers, we may correct it where feasible; on-chain and Lightning errors cannot be reversed.

10.2 All transfers and transactions are final, and clients are responsible for verifying transaction accuracy prior to confirmation. Glimpse cannot cancel, amend, or recall completed Lightning or on-chain transfers under any circumstances.

11. Breach of Agreement

Prohibited Use

11.1 Your engagement with our Services must adhere to the principles of genuineness, competitiveness, fairness, and transparency. This section sets out practices that are strictly forbidden in relation to the Services and that are considered violations of these Terms, subject to sanctions and remedies. The following actions and omissions are strictly prohibited in relation to your access to and use of our Services and shall constitute a breach of these Terms:

• Engaging in any activity that violates the laws, regulations, or legal instruments of countries where we operate, including but not limited to the laws of the Republic of Panama, and laws and regulations applicable to you, including, without limitation, illegal or otherwise prohibited trade, tax evasion, illegal gambling, fraud, or terrorist activities.
• Engaging in any activity that violates international sanctions regimes, such as those imposed by the United Nations.
• Any act or attempt to deceive or trick any User or Glimpse in connection with any activity performed by you through the use of our Services, including activities that may interfere with, impact, disrupt or otherwise adversely affect other Users' ability to use the Services and enjoy their functionality. Such activities shall include soliciting third parties to commit the aforementioned acts or interacting with other Users or third parties to disrupt, coerce, intimidate, manipulate, or interfere with other Users' activities and/or the Services.
• Activities with the intent to disrupt the normal operation of the Services, including activities that may interfere with, impact, disrupt, or otherwise adversely affect the provision of Services to you and other Users.
• Attempting to circumvent or otherwise compromise the safeguarding and security measures imposed by us in regard to access to the Services and the Site, in particular the use of VPNs. In connection with the foregoing, engaging or attempting to engage with the Services from a jurisdiction that was determined by Glimpse to be restricted or prohibited, including by means of accessing the Services through an IP address associated with any such jurisdiction, is prohibited.
• Engaging in actions detrimental to cybersecurity, such as using unauthorised automated interfaces, attempting to overload or interfere with our systems, unauthorised access to client accounts, introducing malware or malicious code, and other similar activities.
• Involvement in activities that infringe or violate intellectual property, including copyrights, trademarks, and trade secrets, without prior consent or authorisation from us.
• Using the Services in a way that, at our discretion, is aimed at committing acts of harassment, intimidation, abuse, harm, defamation, profanity, stalking, hate, threat, discrimination, violence, racial or any other form of intolerance, as well as any act intended to incite, encourage, or otherwise facilitate any of the aforementioned acts in regard to any User, Glimpse, or person connected with Glimpse.
• Systematically retrieving data or other content from the Services to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us.
• Tricking, defrauding, or misleading us or other Users, especially in any attempt to learn sensitive account information such as passwords.
• Circumventing, disabling, or otherwise interfering with security-related features of the Services, including features that prevent or restrict the use or copying of any Content or enforce limitations on the use of the Services and/or the Content contained therein.
• Making improper use of our support services or submitting false reports of abuse or misconduct.
• Engaging in unauthorised framing of or linking to the Services.
• Uploading or transmitting, or attempting to upload or transmit, viruses, Trojan horses, or other material that interferes with any party's uninterrupted use and enjoyment of the Services or modifies, impairs, disrupts, alters, or interferes with the use, features, functions, operation, or maintenance of the Services.
• Engaging in any automated use of the system, such as using scripts to send comments or messages, or using any data mining, robots, or similar data gathering and extraction tools, other than through the API in accordance with these Terms and the applicable API Terms.
• Deleting the copyright or other proprietary rights notice from any Content.
• Attempting to impersonate another User or person or using the display name of another User.
• Interfering with, disrupting, or creating an undue burden on the Services or the networks or services connected to the Services.
• Harassing, annoying, intimidating, or threatening any of our employees or agents engaged in providing any portion of the Services to you.
• Copying or adapting the Services' software, or, except as permitted by applicable law, deciphering, decompiling, disassembling, or reverse engineering any of the software comprising or in any way making up a part of the Services.
• Making any unauthorised use of the Services, including collecting email addresses of Users by electronic or other means for the purpose of sending unsolicited email, or creating Accounts by automated means or under false pretences.
• Using the Services as part of any effort to compete with us, or otherwise using the Services and/or the Content for any revenue-generating endeavour or commercial enterprise not expressly endorsed or approved by us.
• Selling or otherwise transferring your Account or profile.

11.2 These provisions apply to all Services provided by us without exception. We reserve the right to deny Services and immediately terminate any relationship with Users engaged in any of the aforementioned Prohibited Use activities. If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your Account and refuse any and all current or future use of the Services or any portion thereof.

12. Limitation of Liability and Disclaimer of Warranties

Disclaimer of Liability

12.1 Any and all events of our indemnification, warranty, limitations of losses, and limitations of liability shall be excluded to the fullest extent permitted by applicable law, unless explicitly stated otherwise herein. These Terms, along with any other agreements between you and us, shall not in any way exclude or limit liability that may not be limited or excluded under the relevant law.

12.2 You acknowledge and agree that in the event of a dispute with any User, neither we nor any of our partners, affiliates, service providers, officers, directors, employees, representatives, or any other affiliated parties or individuals shall bear any liability for claims, losses, actions, demands, costs, expenses, or damages arising from or related to such disputes. Any disputes of this nature shall be resolved solely between the concerned Users.

12.3 Under no circumstances and in no event shall we, our affiliates, service providers, officers, directors, shareholders, members, attorneys, agents, employees, representatives, and any other affiliated parties be liable in any manner, whether in contract, tort, negligence, strict liability, or otherwise, for any direct damages or consequential, indirect, incidental, special, exemplary, punitive or similar damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses, including, without limitation, unforeseen financial losses, loss of opportunity, loss of capital, or business interruption, whether or not foreseeable, including in cases where you have been previously notified of the possibility of such damages arising, in connection with these Terms or any other agreement, as well as your use or attempted use of the Platform, information, materials, views, opinions, projections, or estimates, except to the extent required by law, arising out of or in connection with and resulting from, without limitation: (a) your access to and/or use of, or inability to access and/or use, the Platform; (b) any unauthorised access to or use of your Account, including in the event of your failure to maintain the security of your Account credentials; (c) your acceptance of these Terms and/or entry into any other agreement with Glimpse; (d) your inability to receive or hold any Bitcoin; (e) any inaccuracy in the information provided by us to you; (f) any failure to provide a product or service in which you can utilise any Bitcoin traded through our Platform; (g) any execution or settlement of any transaction; (h) any delay or failure to carry out our obligations under these Terms arising from any difficulties or delays experienced in obtaining any authorisations required to provide the Platform, any difficulties or delays in the development of the technology required for the launch and provision of the Platform, any force majeure event, or any cause beyond our reasonable control; and (i) any other matter relating to any performance or non-performance of any Glimpse product or service, including the Platform.

12.4 This limitation of liability also encompasses the following: (a) damages, interruptions, and errors caused by computer viruses, malicious software, spyware, scamware, Trojan horses, worms, or any other malicious software or malware that may affect the operational state of your hardware and software and their security; (b) any phishing, spoofing, domain typosquatting, network forks, replay attacks, double-spend attacks, sybil attacks, 51% attacks, mining difficulties, failure or malfunction of any communication, electronic and mechanical equipment, telephone, or other interconnection devices, changes in cryptography or consensus rules, hacking, and other relevant events, including force majeure events; (c) delays, disruptions, failures, disconnections, or malfunctions related to the processing of transactions or provision of the Platform; (d) unknown vulnerabilities or unanticipated changes to the Bitcoin network or the Lightning Network; (e) server failures and loss or incorrect processing of data, including events of incomplete processing, or any combination thereof; (f) erroneous or incorrectly compiled and/or initiated transactions, including in the event of errors and mistypes in wallet addresses; (g) any actions or inaction undertaken by us in relation to your instructions or communications; (h) errors of any kind, including, without limitation, typographical, printing, and human errors; and (i) destruction, theft, loss, or unauthorised access to any content displayed on our Platform, or any other matter related to the Platform or any other aspect of the foregoing. We have no control over and shall have no obligation to take any action regarding any of the foregoing, including any third-party content provided to you through our Platform, in which case any terms, conditions, representations, warranties, and liabilities in relation to any such content shall be governed by the applicable agreements between you and any such third party.

12.5 We shall not be liable for any damages arising from amendments, introductions, enforcement, repeal, or alteration of legislation, regulations, policies, and laws in force at any given time or date.

12.6 Without limitation of any provision of these Terms, and excluding cases of personal injury in accordance with applicable law, our aggregate maximum liability arising out of or in connection with these Terms, whether in contract, tort, misrepresentation, breach of statutory duty, breach of fiduciary duty, restitution, or otherwise, shall not exceed the total value of the fees paid by you under these Terms, if any, in the three (3) months immediately preceding the event giving rise to the claim of liability. Any claims or actions arising out of or in connection with these Terms, whether in contract, tort, misrepresentation, breach of statutory duty, breach of fiduciary duty, restitution, or otherwise, shall be brought within six (6) months from the date on which the cause of action accrues. Claims not brought within this time limitation shall be deemed waived.

12.7 We are not obligated to provide Bitcoin or any other cryptocurrency as compensation for damages or as a remedy.

12.8 This disclaimer of liability supersedes any other section, provision, or statement in these Terms.

Disclaimer of Warranties

12.9 Our Services, the Custodial Wallet, the Site, and any other aspect of the Services are provided to you on an "as is" and "as available" basis, without any warranties, whether express, implied, or statutory. We do not provide warranties of title, merchantability, data accuracy, system integration, quiet enjoyment, fitness for a particular purpose, or non-infringement. We do not make any guarantees that access to our Services will be continuous, uninterrupted, timely, or error-free.

12.10 Any information, materials, views, opinions, projections, or estimates we provide are for informative purposes only and are subject to change without prior notice. You are solely responsible for assessing the relevance, timeliness, accuracy, adequacy, completeness, reliability, and value of the information, materials, views, opinions, projections, or estimates provided through our Services. We bear no liability for any direct or indirect damage or loss resulting from your use of this information.

12.11 You understand that the Services, blockchain technology, the Bitcoin network, the Lightning Network and other cryptocurrency-related products and services are new and evolving technologies outside of our control. Adverse changes in market forces, law, or technology shall excuse our performance under these Terms.

12.12 You agree and acknowledge that transactions utilising blockchain technology are susceptible to various potential failures. These include, but are not limited to, high volume on the network, computer failure, blockchain failure of any nature, user failure, platform hacking, and telecommunication or internet failure or disruption. We shall bear no responsibility for any loss of data, cryptocurrency, hardware, or software arising from any form of failure, theft, or hacking.

12.13 None of our Services or the information provided through them should be considered investment, financial, regulatory, tax, or legal advice. You should seek such advice from qualified professionals independently. Any decisions related to the use of our Services without professional advice are your own responsibility.

13. Indemnification

13.1 To the fullest extent permitted by applicable law, you undertake to indemnify and hold harmless us, along with any of our partners, affiliates, service providers, officers, directors, employees, representatives, and other affiliated parties or individuals (each an "Indemnified Party"), and each of their respective predecessors in interest, successors in interest, parent companies, subsidiaries, affiliates, employees, agents, representatives, insurers, heirs, executors, administrators, fiduciaries, trustees, officers, directors, members, managers, shareholders, attorneys, advisors, and assigns, from and against any and all claims, actions, causes of action, class actions, costs, demands, obligations, expenses, injuries, judgments, losses, suits, damages, fees, interest, compensation, or causes of action for declaratory or injunctive relief, restitution, compensatory, general, special, statutory, or punitive damages of any kind or nature whatsoever, whether known or unknown, foreseen or unforeseen, liquidated or unliquidated, past, present, or future, direct or indirect, contingent or absolute, whether individual, collective, or representative, and whether based on tort, contract, or other theories of recovery, including, without limitation, reasonable attorneys' fees and other costs of defence, arising from the use of the Services by you or any third party, including but not limited to:

• (a) breach of any terms or conditions set forth in these Terms by you, including those arising from your use of our Services;
• (b) intellectual property infringement, such as use of the Services that infringes our intellectual property rights;
• (c) third-party claims, including claims or suits against us brought by a third party due to your actions;
• (d) personal and security data breaches caused by your actions or negligence;
• (e) misuse of the Services, where such misuse breached any of the terms and conditions outlined in these Terms and/or causes damage to us and/or other Users;
• (f) unlawful activities, such as violation of laws and regulations, or the rights of any third party;
• (g) harm to our reputation, where your actions have caused harm to our reputation as a Service provider;
• (h) cancellation or termination of any transactions resulting in a negative balance; and
• (i) feedback, comments, or submissions provided by you.

13.2 Notwithstanding the foregoing, we reserve the right, at your expense, to assume the exclusive defence and control of any matter for which you are required to indemnify us, and you agree to cooperate, at your expense, with our defence of such claims. We will use reasonable efforts to notify you of any such claim, action, or proceeding which is subject to this indemnification upon becoming aware of it.

14. Insurance

14.1 We do not maintain insurance covering the loss or theft of Custodied Digital Assets, and no asset held by us for you is insured. Client assets are not covered by any deposit guarantee scheme, investor compensation scheme or similar protection arrangement in the Republic of Panama or in any other jurisdiction. If we obtain insurance in the future, such insurance will be for our own benefit and will confer no right or claim on you unless we expressly state otherwise in these Terms.

15. Security Incidents

15.1 Glimpse will disclose a security incident to affected Users in accordance with Applicable Laws and will promptly notify the affected Users. A security incident means any act that results in unauthorised access to, disruption of, or misuse of our electronic systems or the information stored on such systems, including any breach of security leading to the loss or unlawful destruction of, or the unauthorised disclosure of or access to, such systems or information.

16. Privacy and Personal Data

16.1 We care about data privacy and security. We collect, use, and share your Personal Data in accordance with our Privacy Policy, which is published on the Site and is incorporated into these Terms. By using the Services, you agree to be bound by our Privacy Policy. Our Privacy Policy applies the standards of the EU General Data Protection Regulation as our global baseline for the processing of Personal Data, irrespective of where you are located.

16.2 Our Privacy Policy explains how we collect your Personal Data, what we use it for, who we share it with, where we share it, how to contact us about the handling of your Personal Data, and your rights over your Personal Data, including rights of access, rectification, restriction and erasure.

16.3 You agree that we may access, store, process, and use any information and Personal Data that you provide in accordance with the Privacy Policy and your choices, including your settings. By submitting suggestions or other feedback regarding the Services, you agree that we may use and share such feedback for any purpose without compensation to you.

16.4 You acknowledge that in the event of us being acquired by, merged with, or transferred to another legal entity, your data, including Personal Data, may be disclosed to the acquiring third party in accordance with the rights arising from such acquisition, merger, or transfer.

17. Intellectual Property

Ownership

17.1 We are the owner or licensee of all intellectual property rights in our Services, including all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics in the Services (collectively, the "Content"), as well as the trademarks, service marks, and logos contained therein (the "Marks"). Our Content and Marks are protected by copyright and trademark laws, and by other intellectual property rights and unfair competition laws and treaties around the world.

17.2 We reserve all rights, title, and interest in our intellectual property, encompassing patents, designs, copyrights, related rights, database rights, know-how, confidential information, trademarks, goodwill, trade names, rights to apply for registration, inventions, discoveries, processes, methods, compositions, formulae, techniques, information, and data, whether patentable, copyrightable, or protectable in trademark, and all trademarks, copyrights, or patents derived from them (the "IP Rights"). Our IP Rights include all other rights of a similar nature or having equivalent effect worldwide, whether currently existing or recognised in the future, and extend to applications, extensions, and renewals.

17.3 You explicitly understand and acknowledge that, by accessing and using our Services pursuant to these Terms, you shall not: (a) acquire or become entitled to any IP Rights; (b) make any claims related to the IP Rights or equivalent rights; or (c) use, attempt to use, copy, imitate, or modify any IP Rights without our prior written consent. Under no circumstances shall you acquire any proprietary rights in any computer hardware or software used by Glimpse or our affiliates.

Limited Licence

17.4 Subject to your compliance with these Terms, we grant you a limited, personal, non-exclusive, non-transferable, revocable and non-commercial licence to access the Services and to download or print a copy of any portion of the Content to which you have properly gained access, solely for your personal, non-commercial use. Any use of these materials and Content beyond the scope of this licence constitutes an infringement of intellectual property rights and may lead to legal action initiated by us.

Prohibited Actions

17.5 Distribution and sharing of our materials and Content on third-party websites, file hosting applications, and similar services are strictly prohibited. We also prohibit the reproduction, display, public performance, distribution, and use of our materials and Content for any public or commercial purpose. Modification, alteration, and sale of our materials and Content are strictly prohibited.

17.6 Any copying or sharing of our materials and Content must be preceded by a formal request for permission from us, which will be granted only through a written notice explicitly permitting such actions. You agree to retain any watermarks, copyright signs, and other relevant copyright and proprietary notices associated with these materials and Content as originally provided. If you wish to make any use of the Services, Content, or Marks other than as set out in this section, please address your request to hello@glimpse.markets.

17.7 In the event that you provide any suggestions to us or to any Indemnified Party, you acknowledge that all rights, title, and interest pertaining to such suggestions shall become our exclusive property, regardless of whether you designate the suggestions as confidential or proprietary. You irrevocably assign to us all rights, title, and interest in and to such suggestions and agree to provide any necessary assistance to us for documenting, perfecting, and maintaining our rights in the suggestions.

17.8 Any breach of these intellectual property provisions will constitute a material breach of these Terms and your right to use our Services will terminate immediately.

18. Dispute Resolution by Arbitration

Terms of Arbitration

18.1 Any controversy or dispute which arises out of or is related to these Terms, and the interpretation, application, performance, existence, breach or termination thereof, must be decided by arbitration, following an attempt at conciliation, administered by the Panama Conciliation and Arbitration Centre ("CeCAP"), specifically following the Arbitration Rules of CeCAP (the "CeCAP Arbitration Rules") pertaining to dispute resolution, in force on the date of commencement of the proceedings.

18.2 The arbitration proceedings and the resolution of disputes shall be governed by the substantive laws of the Republic of Panama, including the CeCAP Arbitration Rules, excluding any conflict of law principles that may lead to the application of laws other than those of the Republic of Panama.

18.3 The validity, existence, scope, and enforceability of this arbitration clause shall be governed by the laws of the Republic of Panama, specifically following the CeCAP Arbitration Rules.

18.4 The seat of arbitration shall be the Republic of Panama, unless the parties agree otherwise in writing. All arbitration hearings and related proceedings shall take place at the premises of CeCAP, unless the parties agree otherwise in writing.

18.5 Institutional arbitration shall apply, and the arbitration proceedings shall be conducted under the auspices of CeCAP, specifically following the CeCAP Arbitration Rules.

18.6 The dispute shall be resolved by a tribunal composed of three arbitrators. Each party shall appoint one arbitrator within seven (7) calendar days after the commencement of the arbitration proceedings. The two party-appointed arbitrators shall appoint a third arbitrator, who will act as the presiding arbitrator, within seven (7) calendar days of their appointment. If the party-appointed arbitrators fail to agree on the presiding arbitrator, the presiding arbitrator shall be appointed by CeCAP, following the CeCAP Arbitration Rules.

18.7 The language of the arbitration proceedings shall be English. The arbitral award shall be final and binding upon the parties and enforceable in any court of competent jurisdiction. Judgment upon the award rendered by the arbitrators may be entered in any court having jurisdiction thereof.

Explicit Waiver of Dispute Resolution by Trial, Class Arbitration, and Representative Proceedings

18.8 By agreeing to these Terms, you expressly and irrevocably waive any right to a trial by court or to have any dispute, controversy, or claim arising out of or in connection with these Terms heard by a court of law. You agree to resolve any and all such disputes exclusively through arbitration as set out in this section. This waiver applies to any action, suit, or proceeding in any jurisdiction, whether at law or in equity, arising out of or in connection with these Terms.

18.9 You expressly agree that any dispute, controversy, or claim arising out of or relating to these Terms or their breach, termination, enforcement, interpretation, or validity, including the determination of the scope or applicability of this agreement to arbitrate, shall be resolved through individual arbitration.

18.10 There shall be no class arbitration, consolidated arbitration, or arbitration in which an individual attempts to resolve a dispute as a representative of another individual or group of individuals. No dispute may be brought as a class or other type of representative action, whether within or outside of arbitration or on behalf of any other individual or group of individuals. Only individual arbitration will be allowed under these Terms, and the arbitrator may not consolidate more than one person's claims or otherwise preside over any form of representative or class proceeding. Any relief awarded to an individual shall be limited to the relief specifically provided for in these Terms.

18.11 Nothing in this section shall prevent either party from seeking injunctive relief or other equitable remedies before the competent courts of the Republic of Panama to prevent or stop an actual or threatened breach of these Terms, infringement of intellectual property rights, or unauthorised use of confidential information.

Initiating a Dispute with Glimpse

18.12 Before commencing arbitration, you may initiate a dispute with us by submitting a written request to support@glimpse.markets or through the in-app support form. Your request must describe the nature of the dispute and include, where applicable, your Account identifier, the relevant Market identifier, transaction reference and timestamp, together with any supporting evidence reasonably required for us to investigate the matter.

18.13 We may handle disputes relating to: (i) Market resolution, including an alleged manifest error in, or unavailability of, the designated reference data; (ii) trade execution, including discrepancies in the quoted or executed price, quantity or fee; (iii) settlement, including the failure to credit proceeds from winning Event Contracts to your Custodial Wallet; (iv) access to the Services, including geo-blocking and Account or API-key restrictions or termination; and (v) technical or Platform-related issues, including API errors.

18.14 Market-resolution disputes may only be raised on the basis of a manifest error in, or unavailability of, the designated reference data. Subject to the foregoing, Market outcomes determined in accordance with the applicable Market Rules are final and binding.

18.15 When submitting a dispute, you may be required to provide relevant supporting information, including screenshots, transaction records, API logs or links to public block explorers. We may also require you to verify that you are the Account holder through the email address registered to your Account. We will never request your password or two-factor authentication codes, and you must never disclose them to any person claiming to represent Glimpse.

18.16 Disputes relating to the security or operation of your device, the compromise of your Account credentials through your own act or omission, or transactions occurring independently on the Bitcoin network or the Lightning Network are outside our control and will not be accepted as disputes against the Company.

18.17 We will maintain records relating to disputes, including the relevant submission, supporting evidence, decision and communications, for a period of five (5) years following closure of the dispute. You may request a copy of the records relating to your own dispute; however, we reserve the right to withhold internal deliberations, third-party risk information, legally privileged materials and any other information which we are not required or permitted to disclose.

18.18 If you are dissatisfied with our initial determination, you may request a review in writing within fourteen (14) days of the date of our decision. A review may be requested on the grounds of: (i) material new evidence which was not reasonably available at the time of the initial determination; (ii) a material misapplication of these Terms or the applicable Market Rules; or (iii) a material procedural error.

18.19 The review will be conducted by a director or senior officer who was not involved in the initial determination, and we will endeavour to provide our decision within thirty (30) days. The outcome of the review will constitute our final internal determination. Thereafter, any unresolved dispute shall be dealt with in accordance with the governing law and dispute resolution provisions of these Terms.

19. Force Majeure

19.1 You agree and acknowledge that we shall not be liable for any performance failures, events of downtime, interruptions, unavailability of our Services, or other malfunctions and delays resulting from any event or cause occurring beyond our direct and indirect control ("Force Majeure"). The following circumstances shall be deemed Force Majeure within the meaning of these Terms: earthquake, flood, fire, government regulations or orders of state bodies, economic blockades and embargoes, the risk of international, supranational and national sanctions and the inclusion of any person in a corresponding sanctions list, a User's incarceration, imprisonment or arrest, acts of war, natural and nuclear disasters, epidemic and pandemic, acts of military and civil authorities, terrorism, sabotage, strike or other relevant labour dispute, accident, proclamation and enforcement of a state of emergency, and malfunction of any software, hardware, communication lines or means, internet or network service providers.

19.2 If you become subject to international, supranational or national financial or other sanctions, whether directly or indirectly, regardless of their legally binding effect on us, we have the right to withdraw from these Terms unilaterally without giving prior notice of withdrawal. All transactions and relationships concluded or executed with you subject to the aforementioned sanctions, whether directly or indirectly, will be terminated and your access to your Account and our Services will be terminated immediately.

20. Risk Disclosure and Disclaimer

20.1 IMPORTANT NOTE: You should be aware that the risk of loss in trading Event Contracts can be substantial. You may lose part or all of the funds you use to participate. Past performance of any market or participant is not indicative of future results. You should not engage in prediction market activity unless you fully understand the risks involved and can afford to bear the potential losses. For further information, please refer to our Risk Disclosure Statement published on the Site.

20.2 You acknowledge and agree that your access to and utilisation of our Platform is entirely your own responsibility, undertaken at your own risk. The risk associated with engaging in cryptocurrencies is high. Prior to utilising our Platform, you should assess your financial circumstances and evaluate whether the use of our Platform is suitable for you. You must be aware of the potential for complete and irreversible loss of your financial assets and recognise that recovering from such a loss may prove to be difficult or impossible.

20.3 You affirm and acknowledge that the risk involved in transacting, exchanging, and trading cryptocurrencies is significant, and you may incur losses within a short span of time. The liquidity profile of cryptocurrencies is subject to constant and unpredictable fluctuations, which may be substantial, and transactions involving cryptocurrencies may be irreversible, potentially resulting in significant or complete losses in cases of fraudulent or accidental transactions, with recovery being difficult or impossible. The risk factors set out here are not exhaustive and may vary depending on changes in legislation, your financial status, and other factors related to the use of cryptocurrencies.

20.4 You acknowledge and agree that the value of Bitcoin is subject to market fluctuations and may be influenced by various factors, including market demand, technological advancements, regulatory developments, and macroeconomic trends. You understand that the value of any cryptocurrency may decrease, and we give no guarantee of any particular value or return.

20.5 You recognise that the successful development and continued operation of our Platform, as well as the realisation of its intended functionality, are subject to various factors, including technical challenges, regulatory changes, and the effectiveness of the development team. You understand that any of the foregoing aspects of our Platform may not be completed or may not function as intended.

20.6 You acknowledge that the stability of the Platform may be influenced by factors beyond our control, including hacking attempts, distributed denial-of-service attacks, and other security breaches. Stability may also be affected by the departure of key team members, challenges in recruiting necessary personnel, competitive pressures, or the failure of third-party service providers and partners to fulfil their obligations effectively. There is no assurance that the Platform will be provided uninterruptedly and without error.

20.7 You recognise the inherent risks associated with blockchain technology, including the risk of bugs, flaws, or vulnerabilities that may be exploited by malicious actors. You understand that the security of the Platform is contingent upon the effective implementation of security measures. You further acknowledge and agree that the security of your login details and associated credentials, including passwords, authentication factors and backup data, including those attributable to third-party applications and service providers, is entirely your own responsibility.

20.8 You understand that the use, value, availability, and exchange of cryptocurrencies are contingent upon prevailing laws and regulations, which may change due to legislative amendments, introductions, or repeals. The regulatory environment for digital assets, blockchain technology, and decentralised networks is constantly evolving. Changes in regulatory requirements or interpretations may have a significant impact on the legal status of the Platform, the transferability and value of any cryptocurrency, and the overall provision of our Services, for which we assume no liability.

21. Communication and Support

21.1 For any questions, concerns or matters relating to the Services that are not otherwise addressed in these Terms, you may access our Help Centre and FAQ available on the Site or contact our Support Team through the in-app support function or by email at support@glimpse.markets. Our Support Team handles enquiries relating to access, trading and API usage and may escalate matters to our technical teams where appropriate.

21.2 We may also make available educational materials relating to the Services, Event Contracts, prediction markets and risk management, together with API documentation and a service-status page. Such materials are provided for informational purposes only and do not constitute financial, investment or other professional advice.

21.3 We may communicate notices, updates and other information relating to the Services through in-app notifications or banners, notices on the Site, the API changelog and applicable deprecation notices, by email to the address registered to your Account, or through our official X account (@GlimpseMarkets).

21.4 You acknowledge that we will never contact you by unsolicited direct message or request your password or two-factor authentication codes. You must never disclose such information to any person claiming to represent Glimpse.

22. Notifications and Updates

22.1 We prioritise transparent and timely communication with our Users regarding Account-related matters. We use the Site as our primary and official communication channel, and all important updates, notifications, and announcements related to our Services will be posted on the Site in addition to any notice given to you by email.

23. Loss of Bitcoin

23.1 You acknowledge the risk of loss of Bitcoin or of your funds being dissipated due to risks such as cyber-attacks, financial crime, and firm failure. We have adopted security measures designed to minimise these risks but cannot guarantee complete protection. You are responsible for withdrawing to a wallet under your own control any Bitcoin that you do not intend to use for trading on the Platform, and for keeping only the amount necessary for your trading activity in your Custodial Wallet.

23.2 You acknowledge that erroneous transfers, such as sending assets to the wrong address or network, may result in permanent loss of funds. Where possible, we have provided safeguards to help recover assets, but recovery is not guaranteed. We shall not be liable for, and expressly disclaim responsibility for, any losses arising from user error, negligence, or failure to comply with the deposit requirements set out in these Terms.

24. Services Management

24.1 We reserve the right, but not the obligation, to: (a) monitor the Services for violations of these Terms; (b) take appropriate legal action against anyone who, in our sole discretion, violates the law or these Terms, including without limitation reporting such User to law enforcement authorities; (c) in our sole discretion and without limitation, notice, or liability, remove from the Services or otherwise disable all files and content that are excessive in size or are in any way burdensome to our systems; and (d) otherwise manage the Services in a manner designed to protect our rights and property and to facilitate the proper functioning of the Services.

25. Modifications and Interruptions

25.1 We reserve the right to change, modify, or remove the contents of the Services at any time or for any reason at our sole discretion without notice. However, we have no obligation to update any information on our Services. We will not be liable to you or any third party for any modification, price change, suspension, or discontinuance of the Services.

25.2 We cannot guarantee that the Services will be available at all times. We may experience hardware, software, or other problems, or need to perform maintenance related to the Services, resulting in interruptions, delays, or errors. We reserve the right to change, revise, update, suspend, discontinue, or otherwise modify the Services at any time or for any reason without notice to you. You agree that we have no liability whatsoever for any loss, damage, or inconvenience caused by your inability to access or use the Services during any downtime or discontinuance of the Services. Nothing in these Terms will be construed to obligate us to maintain and support the Services or to supply any corrections, updates, or releases in connection therewith. We will make reasonable efforts to provide advance notice of planned outages.

26. Electronic Communications, Transactions, and Signatures

26.1 Visiting the Services, sending us emails, and completing online forms constitute electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures, and other communications we provide to you electronically, via email and on the Services, satisfy any legal requirement that such communication be in writing. YOU HEREBY AGREE TO THE USE OF ELECTRONIC SIGNATURES, CONTRACTS, ORDERS, AND OTHER RECORDS, AND TO ELECTRONIC DELIVERY OF NOTICES, POLICIES, AND RECORDS OF TRANSACTIONS INITIATED OR COMPLETED BY US OR VIA THE SERVICES. You hereby waive any rights or requirements under any statutes, regulations, rules, ordinances, or other laws in any jurisdiction which require an original signature or delivery or retention of non-electronic records, or payments or the granting of credits by any means other than electronic means.

27. Final Provisions

Access and Availability

27.1 We do not provide an assurance or warranty of flawless and uninterrupted access to our Services. While our customer support aims to offer timely and efficient responses within reasonable periods, we do not guarantee the specific timing of these responses. Under no circumstances shall we be held liable for any damages arising from events affecting the accessibility and availability of our Services.

Compliance with Applicable Law

27.2 It is your sole responsibility to ensure your compliance with all applicable laws, regulations, licensing requirements, and other relevant legislation, including laws pertaining to personal data protection and taxation. We bear no liability for any breaches of applicable laws and regulations that may arise from your use of our Services, and we shall not be held accountable for any damages or consequences resulting from such breaches.

Changes and Amendments to Terms

27.3 We reserve the right to make changes and amendments to these Terms and other agreements established by us to accommodate amendments in legislation or for other valid reasons. You will be notified of any such alterations by email and on the Site, with a minimum thirty (30) days' notice period prior to their implementation. Unless you object or provide written notice to us before the effective date of the changes, your acceptance is assumed. Within this notice period, you shall have the right to terminate any agreement with us.

27.4 In certain circumstances, and to the extent permitted by applicable law, changes and amendments may need to take immediate effect or within a shorter notice period. In such cases, you will receive prompt notification of these modifications taking effect, along with information regarding your right to promptly terminate the agreement and discontinue your use of our Services. Prior versions of these Terms and other agreements will remain accessible on the Site for your reference.

Tax Compliance

27.5 We do not offer tax advice and should not be considered a tax advisor. It is your sole responsibility to seek professional tax guidance from qualified experts in your jurisdiction. We do not have control over the determination of whether your transactions or trades conducted through our Platform are subject to applicable taxes in your jurisdiction, nor can we dictate the procedures and obligations associated with tax withholding, reporting, and collection to the relevant authorities in your country of tax residence.

Interaction with Law Enforcement

27.6 We reserve the right to engage in correspondence and communication with law enforcement authorities, including courts, regulators, and policymakers. Such communication may be initiated at our discretion concerning your utilisation of our Services or in response to requests, inquiries, or orders from such authorities in compliance with applicable laws and regulations.

Entire Agreement

27.7 These Terms, along with all other agreements and any policies or operating rules posted by us in respect of the Services, constitute the entire agreement and understanding between you and us. These Terms supersede and take precedence over any prior discussions, agreements, understandings, inducements, or representations, whether written or oral. Our failure to exercise or enforce any right or provision of these Terms shall not operate as a waiver of such right or provision. We may assign any or all of our rights and obligations to others at any time. There is no joint venture, partnership, employment or agency relationship created between you and us as a result of these Terms or your use of the Services. You agree that these Terms will not be construed against us by virtue of our having drafted them, and you waive any and all defences you may have based on the electronic form of these Terms.

Severability

27.8 You acknowledge and agree that in the event any provision of these Terms is rendered invalid or unenforceable due to changes in, or the enactment of new versions of, laws, regulations, or other legal instruments by competent authorities in the Republic of Panama, we will modify the affected provisions to ensure their subject matter remains valid and enforceable within the scope of applicable law. The validity and enforceability of the other provisions of these Terms shall not be affected.

Survival

27.9 Any provisions that, in accordance with applicable law and to the extent permitted by it, survive the termination or expiration of these Terms, including in respect of the suspension, restriction or termination of your access to our Services, debts owed to us, and general usage clauses and provisions, shall remain in force and enforceable after the termination or expiration of these Terms.

Language

27.10 The original language of these Terms is English. Any translations, including those made by third-party tools and applications, as well as versions of these Terms in other languages provided by us or other third parties, are provided for your convenience and understanding and shall not be considered accurate interpretations or representations of the original provisions. In case of any discrepancies or inconsistencies with the English language version of these Terms, the English language version shall prevail.

Corrections

27.11 There may be information on the Services that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, and availability. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Services at any time, without prior notice.

Governing Law and Jurisdiction

27.12 Irrespective of your location, these Terms and the relationship between you and us shall be governed by the laws of the Republic of Panama, and the application of the United Nations Convention on Contracts for the International Sale of Goods is expressly excluded. Disputes shall be resolved in accordance with the dispute resolution provisions set out in clause 18.

28. Contact Us

28.1 In order to resolve a complaint regarding the Services or to receive further information regarding use of the Services, please contact us by email at hello@glimpse.markets.

Annex A: Definitions

In addition to the capitalised terms defined throughout these Terms, the following terms have the following meanings and shall apply to these Terms: