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FanBet Lottery Terms of Service Agreement

Welcome to FanBet! By accessing or using our platform, you agree to be bound by these Terms of Service (“Agreement”). If you do not agree with any part of these terms, you must not use our services.

1. Introduction

FanBet provides a decentralized blockchain-based lottery platform where users participate in provably fair lotteries (powered by Algorand’s Randomness Beacon). Services are provided on an “as is” basis without warranties of any kind.

2. Acceptance of Terms

By using FanBet, you confirm you have read, understood, and agree to this Agreement. If acting on behalf of an entity, you represent authority to bind such entity.

3. Use of Platform

You agree to use FanBet lawfully and in compliance with:

  • Local gambling/lottery laws and regulations.
  • Tax reporting obligations for winnings.
  • Age restrictions (must be 18+ or legal age in your jurisdiction).

4. Risks and Liabilities

Lottery Participation Risks:

  • No Guaranteed Wins: Lottery outcomes are random, and participation does not guarantee rewards.
  • Smart Contract Risks: Potential bugs/vulnerabilities in Algorand-based smart contracts may impact draws or payouts.
  • Regulatory Risks: Legal changes may restrict access to FanBet in certain jurisdictions.
  • Prize Distribution Risks: Payouts depend on blockchain functionality (e.g., network uptime, wallet compatibility).

FanBet is not responsible for:

  • Educating users on lottery mechanics or blockchain technology.
  • Financial losses from participation.

5. Disclaimer of Warranties

FanBet disclaims all warranties, express or implied, including merchantability or fitness for a particular purpose. We do not guarantee uninterrupted service, accuracy of outcomes, or compatibility with third-party tools.

6. Limitation of Liability

FanBet is not liable for:

  • Losses from lottery participation, technical errors, or platform unavailability.
  • Damages due to third-party conduct (e.g., scams, phishing).
  • Unauthorized access to your account or wallet.

7. Indemnification

You agree to indemnify FanBet, its affiliates, and partners against claims arising from your breach of this Agreement or misuse of the platform.

8. Changes to Terms

FanBet may modify this Agreement at any time. Continued use after changes constitutes acceptance.

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