1. General Disclaimer

The American Spend platform and all associated services, content, and data are provided for informational and entertainment purposes only. Nothing on this platform constitutes professional advice of any kind, including but not limited to financial, investment, legal, tax, or accounting advice. You should not rely on any information provided through the Service as a substitute for professional consultation with qualified advisors.

2. Not Financial or Investment Advice

Market prices, probabilities, spending data, and all other information displayed on American Spend do not constitute financial recommendations, investment advice, or solicitations to buy or sell any financial instruments. No fiduciary, advisory, or similar relationship is created between you and American Spend by your use of the Service.

You should consult with qualified financial advisors before making any decisions based on information obtained through the platform. Past market performance, spending trends, and probability estimates are not indicative of future results.

3. Not Gambling

American Spend operates as a prediction market platform for event contracts based on aggregated consumer spending data. It is not a sportsbook, casino, or gambling service. Prediction markets are instruments for forecasting real-world outcomes based on collective participant beliefs and available data.

However, the regulatory classification of prediction markets may vary by jurisdiction. Users are solely responsible for determining whether their participation in American Spend markets is lawful in their location. We make no representations regarding the legality of using our Service in any particular jurisdiction.

4. Market Risk Disclosure

Trading event contracts on American Spend involves substantial risk of loss, including the potential for total loss of your position. You should be aware of the following risks:

Event contracts are speculative in nature and may settle at zero, resulting in a complete loss of your position
Market prices reflect collective participant beliefs and available data, not objective truth or guaranteed outcomes
Parimutuel pool mechanics mean that your returns depend on the positions of other participants, not solely on the outcome of the event
Fees and rake percentages reduce gross returns on correct positions
Market liquidity may be limited, potentially affecting your ability to enter or exit positions at desired prices

5. No Guarantee of Returns

American Spend does not guarantee profits, returns, or any specific financial outcome from participation in prediction markets. Past performance of any market, position, or strategy does not predict or guarantee future results. You should only participate with funds you can afford to lose entirely.

6. Blockchain and Smart Contract Risks

Market participation on American Spend is facilitated through smart contracts deployed on blockchain networks. You acknowledge and accept the following risks:

Blockchain transactions are irreversible once confirmed and cannot be cancelled, reversed, or refunded
Smart contracts may contain bugs, vulnerabilities, or behave in unexpected ways despite security audits
Network congestion may delay transaction confirmation and affect the timing of your trades
Gas fees are variable, determined by network conditions, and are non-refundable regardless of transaction outcome
Blockchain network upgrades, forks, or disruptions could affect the platform’s operations or your assets

7. Data Accuracy and Third-Party Sources

Spending data aggregated through Plaid and other third-party data providers may contain errors, omissions, or delays. Market creation and resolution depend on the accuracy and timeliness of these data sources. American Spend is not responsible for the quality, accuracy, or availability of data from third-party providers.

While we make reasonable efforts to ensure data accuracy, we do not warrant that any spending data, market data, or analytics displayed on the platform are complete, current, or error-free.

8. Tax Responsibility

Users are solely responsible for determining and fulfilling any and all tax obligations arising from their use of American Spend, including obligations related to gains, losses, or other taxable events resulting from prediction market participation.

The tax treatment of prediction market positions and event contracts is unsettled and may vary significantly by jurisdiction. American Spend does not provide tax advice and makes no representations regarding the tax implications of using the Service. You should consult a qualified tax professional regarding your specific situation.

9. Regulatory Uncertainty

The regulatory landscape for prediction markets, blockchain-based platforms, and digital assets is evolving and subject to change. Laws, regulations, and enforcement priorities may change in ways that affect the availability, functionality, or legality of American Spend’s services in certain jurisdictions.

We may be required to modify, restrict, or discontinue certain features or services in response to regulatory developments. Users are responsible for compliance with all applicable laws in their jurisdiction.

10. Technology and System Risks

The Service may experience downtime, interruptions, errors, data feed inaccuracies, or other technical issues. We do not warrant uninterrupted, timely, or error-free operation of the platform. System failures, cyberattacks, or infrastructure issues may affect your ability to access the Service or execute transactions.

11. Limitation on Damages

To the maximum extent permitted by applicable law, American Spend and its affiliates, officers, directors, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of the Service, including but not limited to loss of profits, data, goodwill, or other intangible losses.

For complete details on liability limitations, please refer to Section 11 of our Terms of Service.

12. Contact Information

If you have any questions about this Disclaimer or the risks associated with using American Spend, please contact us at legal@americanspend.com.