Terms of Service
Glimpse Ltd.
Last updated: November 25, 2025
Glimpse Ltd. ("Glimpse", "Company", "we", "us", or "our") is an exempted company limited by shares incorporated in Bermuda (registration number 202504844) having its registered office address at 55 Par La Ville Road, Hamilton, Pembroke, HM11 and is licensed to conduct digital asset business by the BMA under a Class T (Test) licence pursuant to the Digital Asset Business Act 2018 (as amended) (the "DABA"). Class T licences have a limited duration and are issued for pilot/beta testing only. Activities, product features and client limits may be restricted and the service may be wound down at the end of the test period with no guarantee of further availability.
We operate the website https://www.glimpse.markets (the "Site"), as well as any other related products and services that refer or link to these terms of use (the "Terms"). Glimpse is a prediction market that enables clients to trade bitcoin-denominated event contracts on financial outcomes. You can contact us by email at hello@glimpse.markets or by mail to 55 Par La Ville Road, Hamilton, Pembroke, HM11, Bermuda.
Agreement to Our Legal Terms
These Terms constitute a legally binding agreement made between you, whether personally or on behalf of an entity ("you"), 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 LEGAL TERMS, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SERVICES AND YOU MUST DISCONTINUE USE IMMEDIATELY.
PLEASE READ THESE TERMS CAREFULLY.
THESE TERMS CONSTITUTE A BINDING LEGAL AGREEMENT BETWEEN YOU AND GLIMPSE. BY CLICKING "I AGREE" AND USING THIS SITE AND THE RELATED SERVICES YOU UNCONDITIONALLY AGREE TO BE BOUND BY THESE TERMS, INCLUDING ALL EXCLUSIONS AND LIMITATIONS OF LIABILITY HEREIN, AND WARRANT THAT YOU HAVE FULL AUTHORITY AND CAPACITY, LEGAL AND OTHERWISE, TO USE THE SERVICES.
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 (a "Revised Terms") on the Site or by providing a copy of it 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 a 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 as aforesaid shall be sufficient notice to you, and your continued access and/or use of Glimpse and/or the Site 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 (as defined in these Terms) at all times.
Table of Contents
- Our Services
- Platform Usage
- Event Contracts (Product Terms)
- Custodial Wallets
- Disclosures
- Fees and Charges
- No Refund Policy
- User Representations
- Cyber Security Event
- Intellectual Property Rights
- Insurance
- Services Management
- Investment Advice
- Privacy Policy
- Collection and Sharing of Personal Data
- Term and Termination
- Wind-Down Plan (Class T)
- Modifications and Interruptions
- Governing Law
- Dispute Resolution
- Corrections
- Disclaimer
- Limitations of Liability
- Indemnification
- User Data
- Electronic Communications, Transactions, and Signatures
- Miscellaneous
- Contact Us
- Definitions – Annex A
1. Our Services
We offer the following services:
- providing custodial Bitcoin Lightning wallet services for the storage of Bitcoin ("Custodial Wallet Services");
- trading or purchase of event contracts (binary payoff contracts) for prediction markets denominated in satoshis (sats) (each an "Event Contract"); and
- 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").
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 username you select if we determine, in our sole discretion, that such username is inappropriate, obscene, or otherwise objectionable.
Access to our Services is available only to KYC‑verified clients in accordance with our AML/ATF policies and procedures. At our sole discretion, we may refuse, suspend or terminate access to satisfy AML/ATF obligations or sanctions requirements and may impose any restrictions on your Services in accordance with our Class T testing limits (e.g., account, volume and position limits).
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/citizen of, any jurisdiction sanctioned by Bermuda or OFAC; or (c) are otherwise prohibited by Applicable Laws, a sanctioned person or otherwise a citizen or resident of a sanctioned jurisdiction, nor a terrorist, terrorist entity, or designated person, individual or entity as defined or set out in any Applicable Laws relating to AML/ATF and sanctions under any applicable jurisdiction, as amended, supplemented or replaced from time to time. We may block access to the Services in your geography and/or IP.
Our Services will be 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.
The information provided in these Terms are not marketing, promotional 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.
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.
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 for the purposes of our Custodial Wallet Services. We only engage with third party outsourced custodians who are qualified custodians that are approved by the BMA and who confirm that they comply with the Digital Assets Business Custody Code of Practice as published by the BMA.
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. Platform Usage
The Company may, at its discretion and without prior notice, freeze, restrict, or suspend your Account if:
- required to do so by Applicable Laws, court order, or regulatory authority;
- the Company reasonably suspects fraudulent, abusive, or unlawful activity;
- you fail to meet ongoing verification or compliance requirements;
- abnormal market stress, excessive transaction volume or any situation reasonably determined by the Company to threaten the orderly operation, liquidity, security of the Platform (for the avoidance of doubt this could include significant withdrawal requests, excessive sell or trade activity, technical or liquidity constraints affecting the AMM);
- there are technical or security issues affecting the Platform; or
- the Company determines that continued operation of the Account could create legal, operational, or reputational risk.
During a freeze or suspension, access to funds, open positions, or trading functionality may be temporarily limited. The Company will, where permissible, notify you of the reason for the restriction and the steps (if any) required to lift it.
You may close your Account at any time by notifying Glimpse via email at hello@glimpse.markets, subject to the settlement of any open Event Contracts and withdrawal of remaining Custodied Digital Assets (as defined in clause 4.1). The Company may terminate or close Accounts in accordance with these Terms, including for inactivity or breach. Upon closure, any remaining Custodied Digital Assets will be returned to you, subject to applicable law and fees.
The Company does not guarantee uninterrupted or error-free access to the Platform. Maintenance, upgrades, or unforeseen events may result in temporary unavailability or reduced functionality. The Company will make reasonable efforts to provide advance notice of planned outages.
3. Event Contracts (Product Terms)
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.
Denomination & 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; 0 sats otherwise. Each Event Contract's pricing will be as displayed on our Platform.
Pricing Mechanism. All transaction costs and quoted prices for Event Contracts are determined by a Liquidity‑Sensitive LMSR ("LS‑LMSR") cost/price function, which reflects the market's aggregated implied probability; the AMM will buy and sell contracts at the LS‑LMSR price.
Guaranteed buy/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.
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.
Trading limits (Class T). To limit client risk during our Class T licence phase, we impose position and trade limits, including a per‑trade cap that is assigned to you via your Bankroll Limit, subject to change with notice in accordance with these Terms.
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 Prediction Market 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 Prediction Market 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 the losses in the market on the Event Contracts.
Financial Limit. There is a financial limit on the amount of Event Contracts you can trade at any time which will be displayed on the Platform. You will only be able to risk up to your Bankroll Limit across all the Event Contracts you have purchased.
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.
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.
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 with any settlement outcomes.
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.
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; however, 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.
4. Custodial Wallets
Where we agree to act as custodian and provide Custodial Wallets, we will maintain records which identify such Bitcoin that you have deposited in your wallet and that are not being used for trading, settlement or until you authorize 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 permitted by law and contract. Our custodial Lightning wallets can only support Bitcoin.
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 to 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 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, or as permitted in these Terms or compelled by a valid court order or regulatory authority.
Glimpse exercises no rights of ownership, voting or governance rights in respect of Custodied Digital Assets.
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.
Clients are solely responsible for maintaining the security of their accounts, including safeguarding access credentials, authentication factors, and any associated wallet details. Glimpse shall not be liable for losses arising from unauthorised access resulting from compromised client devices, passwords, or negligence in maintaining wallet security.
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.
The Company will hold such funds in escrow in the Escrow Account until the Prediction Market Event has occurred and the Event Contract is settled.
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 which is based on the same cryptographic protocol of that deposited.
5. Disclosures
Glimpse is an exempted company limited by shares incorporated in Bermuda and licensed by the BMA to conduct digital asset business under a Class T (Test) licence pursuant to DABA. A Class T licence is time-limited and granted solely for the purpose of controlled testing.
Consequently, the availability of the Services is subject to the testing conditions imposed by the BMA, and Glimpse may be required to suspend or terminate operations at the conclusion of the test period. Glimpse will provide clients with appropriate notice of any such suspension or termination and will execute an orderly wind-down in accordance with our adopted wind-down plan and any obligations and/or requirements under DABA and its associated rules, regulations and guidance.
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 with 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 at [insert link] ("Risk Disclosure Statement").
6. Fees and Charges
All fees and charges applicable to the Services are described in Glimpse's Fee Schedule, which can be found at [insert link], or within the App. Glimpse charges a two-percent (2%) fee on each buy and on each sell of Event Contracts, calculated on the number of satoshis ("sats") paid or received and deducted automatically at the time of execution.
Network fees associated with the Bitcoin Lightning Network or on-chain 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 network costs, as specified in the Fee Schedule.
You are solely responsible for any taxes, duties, or assessments arising from your trading or use of the Services.
Lightning invoices issued for deposited Custodied Digital Assets must be paid within the stated expiry window, and all Lightning and on-chain Bitcoin transactions become final and irreversible once confirmed on the network.
7. No Refund Policy
All Event Contract purchases are final. Lightning/on‑chain transfers are irreversible. We cannot reverse or recall on‑chain/Lightning transactions. If a mistaken transfer occurs within Glimpse internal ledgers, we may correct it where feasible; on‑chain errors cannot be reversed.
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.
8. User Representations
You may not access or use the Services for any purpose other than that for which we make the Services available. The Services may not be used in connection with any commercial endeavours except those that are specifically endorsed or approved by us.
By using the Services, you represent and warrant to us that:
- all registration information you submit will be true, accurate, current, and complete (including any KYC/AML documentation);
- you will maintain the accuracy of such information and promptly update such registration information as necessary;
- you are over the age of 18 years old, have legal capacity and you agree to comply with these Terms;
- you are not a minor in the jurisdiction in which you reside;
- you will not access the Services through automated or machine-based entity means, whether through a bot, script, or otherwise;
- you will not use the Services for any illegal or unauthorised purpose; and
- your use of the Services will not violate any Applicable Laws.
As a user of the Services, you agree not to:
- Systematically retrieve 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.
- Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords.
- Circumvent, disable, or otherwise interfere 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.
- Disparage, tarnish, or otherwise harm, in our opinion, us and/or the Services.
- Use any information obtained from the Services in order to harass, abuse, or harm another person.
- Make improper use of our support services or submit false reports of abuse or misconduct.
- Engage in unauthorised framing of or linking to the Services.
- Upload or transmit (or attempt to upload or to transmit) viruses, Trojan horses, or other material, including excessive use of capital letters and spamming (continuous posting of repetitive text), 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.
- Engage 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.
- Delete the copyright or other proprietary rights notice from any Content.
- Attempt to impersonate another user or person or use the username of another user.
- Upload or transmit (or attempt to upload or to transmit) any material that acts as a passive or active information collection or transmission mechanism, including without limitation, clear graphics interchange formats ('gifs'), 1×1 pixels, web bugs, cookies, or other similar devices (sometimes referred to as 'spyware' or 'passive collection mechanisms' or 'pcms').
- Interfere with, disrupt, or create an undue burden on the Services or the networks or services connected to the Services.
- Harass, annoy, intimidate, or threaten any of our employees or agents engaged in providing any portion of the Services to you.
- Attempt to bypass any measures of the Services designed to prevent or restrict access to the Services, or any portion of the Services.
- Copy or adapt the Services' software, including but not limited to Flash, PHP, HTML, JavaScript, or other code.
- Except as permitted by applicable law, decipher, decompile, disassemble, or reverse engineer any of the software comprising or in any way making up a part of the Services.
- Except as may be the result of standard search engine or Internet browser usage, use, launch, develop, or distribute any automated system, including without limitation, any spider, robot, cheat utility, scraper, or offline reader that accesses the Services, or use or launch any unauthorised script or other software.
- Use a buying agent or purchasing agent to make purchases on the Services.
- Make any unauthorised use of the Services, including collecting usernames and/or email addresses of users by electronic or other means for the purpose of sending unsolicited email, or creating user accounts by automated means or under false pretences.
- Use the Services as part of any effort to compete with us or otherwise use the Services and/or the Content for any revenue-generating endeavour or commercial enterprise.
- Sell or otherwise transfer your profile.
- Use the Services to advertise or offer to sell goods and services.
- Use of the Services for illegal activities such as AML/ATF 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).
9. Cyber Security Event
Glimpse shall disclose a cyber reporting event to affected users in accordance with Applicable Laws and the requirements of DABA.
10. Intellectual Property Rights
We are the owner or the 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 various other intellectual property rights and unfair competition laws) and treaties in the United States and around the world.
The Content and Marks are provided in or through the Services 'AS IS' for your personal, non-commercial use or internal business purpose only.
Subject to your compliance with these Terms, including the 'PROHIBITED ACTIVITIES' section below, we grant you a non-exclusive, non-transferable, revocable licence to:
- access the Services; and
- 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 or internal business purpose.
Except as set out in this section or elsewhere in our Terms, no part of the Services and no Content or Marks may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose whatsoever, without our express prior written permission.
If you wish to make any use of the Services, Content, or Marks other than as set out in this section or elsewhere in our Terms, please address your request to: hello@glimpse.markets. If we ever grant you the permission to post, reproduce, or publicly display any part of our Services or Content, you must identify us as the owners or licensors of the Services, Content, or Marks and ensure that any copyright or proprietary notice appears or is visible on posting, reproducing, or displaying our Content.
We reserve all rights not expressly granted to you in and to the Services, Content, and Marks.
Any breach of these Intellectual Property Rights will constitute a material breach of our Terms and your right to use our Services will terminate immediately.
Please review this section and the 'PROHIBITED ACTIVITIES' section carefully prior to using our Services to understand the (a) rights you give us and (b) obligations you have when you post or upload any content through the Services.
11. Insurance
Glimpse maintains a prudent risk-management framework; however, it does not currently maintain separate cyber-crime or theft insurance that benefits clients. If Glimpse obtains such insurance in the future, the Company will disclose the insurer, scope of coverage, and beneficiaries to clients in an updated version of these Terms and on our Site.
12. Services Management
We reserve the right, but not the obligation, to: (1) monitor the Services for violations of these Terms; (2) 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; (3) in our sole discretion and without limitation, refuse, restrict access to, limit the availability of, or disable (to the extent technologically feasible) any of your Contributions or any portion thereof; (4) in our sole discretion and without limitation, notice, or liability, to 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 (5) otherwise manage the Services in a manner designed to protect our rights and property and to facilitate the proper functioning of the Services.
13. Investment Advice
Our Services are provided on a non-advisory basis, they are not intended to provide legal, tax, investment, financial, or other advice. You should consult your own legal, financial, tax, or other professional advisor(s) before engaging in any activity in connection herewith. We shall have no responsibility or liability to you arising out of or in connection with the provision of the Services.
14. Privacy Policy
We care about data privacy and security. Please review our Privacy Policy: https://www.glimpse.markets/privacy-policy. By using the Services, you agree to be bound by our Privacy Policy, which is incorporated into these Terms. Please be advised the Services are hosted in Bermuda. If you access the Services from any other region of the world with laws or other requirements governing personal data collection, use, or disclosure that differ from applicable laws in Bermuda, then through your continued use of the Services, you are transferring your data to Bermuda, and you expressly consent to have your data transferred to and processed in Bermuda.
You and Services agree that we may access, store, process, and use any information and personal data that you provide following the terms of the Privacy Policy and your choices (including settings).
15. Collection and Sharing of Personal Data
The Company is committed to protecting and respecting your Personal Data and complying with all applicable data protection laws.
When you onboard with us, you will receive a Privacy Notice that explains:
- how we collect your Personal Data;
- what we use your Personal Data for;
- who we share your Personal Data with;
- where we share your Personal Data;
- how to contact us about the handling of your Personal Data;
- the name of our Privacy Officer; and
- your rights over your Personal Data, including to limiting the use of, access, rectification, blocking and deletion of Personal Data.
A copy of the Privacy Notice can be found on our Site at [hyperlink]. You can also request a copy directly from us at hello@glimpse.markets.
16. Term and Termination
These Terms shall remain in full force and effect while you use the Services. WITHOUT LIMITING ANY OTHER PROVISION OF THESE TERMS, WE RESERVE THE RIGHT TO, IN OUR SOLE DISCRETION AND WITHOUT NOTICE OR LIABILITY, DENY ACCESS TO AND USE OF THE SERVICES (INCLUDING BLOCKING CERTAIN IP ADDRESSES), TO ANY PERSON FOR ANY REASON OR FOR NO REASON, INCLUDING WITHOUT LIMITATION FOR BREACH OF ANY REPRESENTATION, WARRANTY, OR COVENANT CONTAINED IN THESE TERMS OR OF ANY APPLICABLE LAW OR REGULATION. WE MAY TERMINATE YOUR USE OR PARTICIPATION IN THE SERVICES OR DELETE YOUR ACCOUNT AND ANY CONTENT OR INFORMATION THAT YOU POSTED AT ANY TIME, WITHOUT WARNING, IN OUR SOLE DISCRETION.
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 the 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.
17. Wind‑Down Plan (Class T)
If Glimpse ceases operations at or before the end of the Class T testing period, onboarding will stop immediately and all clients will be notified via email and public site notice. All open positions will be settled per their contract rules and all Custodied Digital Assets will be made available for withdrawal within 90 days. Clients who do not respond to redelivery requests within the specified window may have their Bitcoin liquidated and held in fiat or forfeited to the BMA as unclaimed property under applicable law.
18. Modifications and Interruptions
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.
We cannot guarantee 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.
19. Governing Law
These Terms are governed by and interpreted following the laws of Bermuda, and the use of the United Nations Convention of Contracts for the International Sales of Goods is expressly excluded. If your habitual residence is in the EU, and you are a consumer, you additionally possess the protection provided to you by obligatory provisions of the law in your country to residence. Glimpse Ltd. and yourself both agree to submit to the non-exclusive jurisdiction of the courts of Hamilton, which means that you may make a claim to defend your consumer protection rights in regard to these Terms in Bermuda, or in the EU country in which you reside.
20. Dispute Resolution
These Terms and any non-contractual obligations arising out of or in connection with them are governed by the laws of Bermuda.
In the event of any dispute, controversy, or claim arising out of or relating to these Terms or the breach, termination, or invalidity thereof (a "Dispute"), the parties agree first to attempt to resolve the matter through good faith negotiations. If the Dispute is not resolved within thirty (30) days of written notice by one party to the other, either party may refer the Dispute to arbitration under the Bermuda International Conciliation and Arbitration Act 1993 and the rules of the Bermuda International Arbitration Centre (BIAC).
The arbitration shall be conducted in Hamilton, Bermuda, before a panel of three (3) arbitrators. Each party shall appoint one arbitrator, and the two appointed arbitrators shall jointly appoint the third, who shall act as chairperson. The proceedings shall be conducted in the English language. The arbitral award shall be final and binding on the parties, and judgment on the award may be entered in any court of competent jurisdiction.
Each party agrees that any arbitration or legal proceeding shall be limited solely to the dispute between the parties individually. To the maximum extent permitted by law, (a) no arbitration or proceeding shall be consolidated with any other matter; (b) class actions, representative actions, or collective proceedings are expressly excluded; and (c) no party may act in a representative capacity on behalf of any other person or the general public.
Nothing in this section shall prevent either party from seeking injunctive relief or other equitable remedies in the courts of Bermuda, including the Supreme Court of Bermuda, to prevent or stop an actual or threatened breach of these Terms, infringement of intellectual property rights, or unauthorised use of confidential information.
21. Corrections
There may be information on the Services that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information. 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.
22. Disclaimer
23. Limitations of Liability
24. Indemnification
You agree to defend, indemnify, and hold us harmless, including our subsidiaries, affiliates, and all of our respective officers, agents, partners, and employees, from and against any loss, damage, liability, claim, or demand, including reasonable attorneys' fees and expenses, made by any third party due to or arising out of: (1) use of the Services; (2) breach of these Terms; (3) any breach of your representations and warranties set forth in these Terms; (4) your violation of the rights of a third party, including but not limited to intellectual property rights; or (5) any overt harmful act toward any other user of the Services with whom you connected via the Services. 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.
25. User Data
We will maintain certain data that you transmit to the Services for the purpose of managing the performance of the Services, as well as data relating to your use of the Services. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that relates to any activity you have undertaken using the Services. You agree that we shall have no liability to you for any loss or corruption of any such data, and you hereby waive any right of action against us arising from any such loss or corruption of such data.
26. Electronic Communications, Transactions, and Signatures
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 to payments or the granting of credits by any means other than electronic means.
27. Miscellaneous
These Terms and any policies or operating rules posted by us on the Services or in respect to the Services constitute the entire agreement and understanding between you and us. Our failure to exercise or enforce any right or provision of these Terms shall not operate as a waiver of such right or provision. These Terms operate to the fullest extent permissible by Applicable Laws. We may assign any or all of our rights and obligations to others at any time. We shall not be responsible or liable for any loss, damage, delay, or failure to act caused by any cause beyond our reasonable control. If any provision or part of a provision of these Terms is determined to be unlawful, void, or unenforceable, that provision or part of the provision is deemed severable from these Terms and does not affect the validity and enforceability of any remaining provisions. There is no joint venture, partnership, employment or agency relationship created between you and us as a result of these Terms or use of the Services. You agree that these Terms will not be construed against us by virtue of having drafted them. You hereby waive any and all defences you may have based on the electronic form of these Terms and the lack of signing by the parties hereto to execute these Terms.
28. Contact Us
In order to resolve a complaint regarding the Services or to receive further information regarding use of the Services, please contact us at:
Glimpse Ltd.
55 Par La Ville Road
Hamilton, Pembroke, HM11
Bermuda
hello@glimpse.markets
29. Definitions – Annex A
In addition to the capitalised terms defined throughout these Terms, the following terms have the following meanings and shall apply to these Terms:
| "Account" | means the account registered in your name on the Site pursuant to which you may use the Services. |
| "AML/ATF" | anti-money laundering and anti-terrorist financing. |
| "AMM" | means the automated market maker operating on the Platform. |
| "App" | means the mobile or desktop application operated by Glimpse that provides users with access to the Platform. |
| "Applicable Laws" | means all relevant laws, codes, rules, regulations, directives, guidelines, rulings, interpretations and circulars applicable to you or to us, the Services and all relevant customs and practices in the relevant market. |
| "Bankroll Limit" | means the limits on trading Event Contracts that have been assigned to your Account based on our customer eligibility assessments in accordance with our internal policies and procedures. |
| "BMA" | means Bermuda Monetary Authority. |
| "Digital Assets" | shall have the meaning as set out under the Digital Asset Business Act 2018 (as amended). |
| "Escrow Account" | means the Company's segregated digital asset escrow account to hold the Cost for purchasing active Event Contracts. |
| "Group Company" | means any company which is a direct or indirect holding company of Glimpse or a direct or indirect subsidiary of that company, and any other direct or indirect subsidiary of the holding company (and the terms 'holding company' and 'subsidiary' shall have the meaning given to them in section 86 of the Companies Act, 1981 of Bermuda. |
| "Market" | means a prediction market listed on the Platform, paying 0 sats or 100 sats per contract (subject to platform fees as disclosed in these Terms of Service). |
| "Market Prediction Event" | means a clearly defined future occurrence, outcome, or state of affairs that forms the basis of a Market and that:
|
| "Market Rules" | means the set of binding rules, parameters and conditions issued by the Platform that govern the creation, operation, trading, suspension, settlement and resolution of each Market, including any Market Prediction Event definition, participation requirements, pricing mechanism, settlement procedures, data sources, dispute-resolution processes and any amendments or updates published by the Platform from time to time. |
| "Personal Data" | means any information related to an individual from which the individual can be identified, including without limitation, sensitive personal data such as name(s), residential address(es), contact information, age, date of birth, place of origin, nationality, citizenship, race, colour, gender, sexual orientation, sexual life, physical or mental disability and health, religious belief, political opinions, trade union membership, biometric and genetic information and personal and family status. |