Terms & Conditions

These Terms and Conditions ("Terms") constitute a legally binding agreement between you ("User," "you," or "your") and SettleRisk ("Company," "we," "our," or "us"). By accessing or using the SettleRisk website (settlerisk.com), API platform, or any related services (collectively, the "Service"), you agree to be bound by these Terms.

If you are using the Service on behalf of an organization, you represent and warrant that you have the authority to bind that organization to these Terms. In such cases, "you" refers to both you individually and the organization.

If you do not agree to these Terms, you must not access or use the Service.

SettleRisk provides a resolution risk analytics platform for prediction markets. Our Service includes:

• Risk Scoring API: Deterministic aggregate risk scores (0-100) for prediction market contracts, with explainable driver-level attribution
• Settlement Delay Modeling: Lognormal probability distributions for expected resolution timelines (p50, p90, p99)
• Pricing Engine: Dispute-adjusted fair pricing, risk premiums, capital lockup costs, and fair spread calculations
• Webhook Delivery: Real-time event notifications with at-least-once delivery guarantees
• Rule Evaluation: On-demand structured extraction and scoring of market resolution rules

The Service is provided via REST API and gRPC interfaces. All API requests must be authenticated via HMAC-SHA256 request signing as described in our documentation.

To access the Service, you must create an account. You agree to:

• Provide accurate, current, and complete information during registration
• Maintain the security of your account credentials and API keys
• Immediately notify us of any unauthorized use of your account or API keys
• Accept responsibility for all activity that occurs under your account

You are responsible for safeguarding your API key secrets. SettleRisk stores only hashed versions of API secrets and cannot recover lost secrets — you must rotate compromised keys immediately via your dashboard.

Each account constitutes a single tenant. You may not share API keys across organizations or resell API access without prior written authorization.

The Service is offered across multiple subscription tiers: Free, Dev, Pro, Fund, and Enterprise. Each tier includes specific rate limits, feature access, and support levels as described on our Pricing page.

4.1 Free Tier

The Free tier provides limited API access (10 requests per minute) at no cost. No credit card is required. The Free tier is subject to 24-hour maximum staleness windows and does not include webhooks or gRPC access.

4.2 Paid Plans

Paid plans are billed monthly through Stripe. By subscribing to a paid plan, you authorize us to charge your payment method on a recurring basis. Billing cycles begin on the date of initial subscription.

4.3 Upgrades and Downgrades

You may upgrade or downgrade your plan at any time via your dashboard. Upgrades take effect immediately with prorated billing. Downgrades take effect at the start of the next billing cycle. When downgrading, features exclusive to the higher tier (e.g., webhooks, gRPC) will be disabled at the end of the current billing period.

4.4 Refunds

Paid subscriptions are generally non-refundable. If you believe you have been incorrectly charged or experience a significant service disruption, contact us at billing@settlerisk.com and we will review your case.

You agree not to use the Service to:

• Violate any applicable law, regulation, or third-party rights
• Circumvent rate limits, authentication mechanisms, or replay protection through any means including spoofed timestamps, reused nonces, or forged signatures
• Reverse-engineer, decompile, or attempt to extract the source code of the Service or its scoring algorithms
• Resell, redistribute, or sublicense API access without prior written authorization
• Interfere with or disrupt the integrity or performance of the Service, including through denial-of-service attacks or excessive automated requests beyond your plan limits
• Scrape, crawl, or harvest data from the Service by any automated means not provided through our official API
• Transmit malicious code, viruses, or any content designed to exploit vulnerabilities in the Service
• Use the Service to facilitate market manipulation, insider trading, or any other illegal financial activity
• Misrepresent your identity, affiliation, or the source of API requests

We reserve the right to suspend or terminate your access if we determine, in our sole discretion, that you are violating these terms or engaging in abusive behavior.

Your use of the API is subject to the rate limits and batch limits associated with your subscription plan. Current limits are published on our Pricing page and in our API documentation.

• Rate Limits: Requests exceeding your plan's RPM (requests per minute) limit will receive a 429 (Too Many Requests) response.
• Batch Limits: Batch endpoints accept up to 1,000 items per request. Exceeding this limit returns an error.
• Idempotency: All POST endpoints require an Idempotency-Key header. Reusing an idempotency key with a different request payload will return a 409 Conflict.
• Replay Protection: Requests with timestamps older than 300 seconds or reused nonces (within a 600-second TTL) will be rejected.

We reserve the right to modify rate limits with 30 days' prior notice. Changes to rate limits will be communicated via email and posted to our documentation.

The Service, including all software, algorithms, scoring methodologies, driver taxonomies, documentation, and content, is owned by SettleRisk and protected by intellectual property laws.

We grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Service in accordance with these Terms and your subscription plan. This license does not include the right to:

• Copy, modify, or create derivative works of the Service or its underlying technology
• Reverse-engineer the scoring algorithms, pricing formulas, or driver detection logic
• Use SettleRisk trademarks, logos, or branding without prior written consent
• Republish or redistribute API output data as a competing service

You retain ownership of any data you submit to the Service (e.g., resolution rules text submitted via evaluate-rules). We do not claim ownership of your input data.

SettleRisk provides risk scores, delay estimates, and pricing adjustments as analytical tools. These outputs are:

• Informational only: Not financial advice, investment recommendations, or guarantees of market outcomes
• Heuristic-based: V1 uses deterministic heuristics and structured LLM extraction. No statistical model inference is performed (stat_model_version is always "none")
• Point-in-time snapshots: Scores reflect the state of market rules and platform data at the time of computation. Market conditions may change after scoring
• Platform-dependent: Accuracy depends on the completeness and clarity of resolution rules published by prediction market platforms

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

You acknowledge that prediction markets involve financial risk and that SettleRisk scores do not eliminate or quantify the full spectrum of risk associated with any market position. You are solely responsible for your trading decisions.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, SETTLERISK AND ITS 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
• Any loss of profits, revenue, data, or business opportunities resulting from reliance on Service outputs
• Trading losses, capital lockup, or dispute costs incurred on prediction market platforms
• Service interruptions, downtime, or delays in data delivery
• Errors, inaccuracies, or omissions in risk scores, delay estimates, or pricing calculations

IN NO EVENT SHALL OUR TOTAL AGGREGATE LIABILITY EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID US IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM, OR (B) ONE HUNDRED US DOLLARS ($100).

You agree to indemnify, defend, and hold harmless SettleRisk and its officers, directors, employees, agents, and affiliates from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising from:

• Your use of the Service
• Your violation of these Terms
• Your violation of any third-party rights
• Any content or data you submit to the Service
• Your trading activities or decisions made based on Service outputs

Either party may terminate this agreement at any time. You may terminate by closing your account through the dashboard or by contacting us.

We may suspend or terminate your access immediately and without notice if:

• You breach any provision of these Terms
• Your account is involved in suspected fraud, abuse, or illegal activity
• You fail to pay subscription fees within 7 days of the due date
• Required by law or regulatory action

Upon termination, your right to access the Service ceases immediately. We will retain your data as described in our Privacy Policy. Active API keys will be revoked, and webhook deliveries to your endpoints will stop.

We reserve the right to modify these Terms at any time. We will provide notice of material changes by:

• Updating the "Last updated" date at the top of this page
• Sending email notification to the address associated with your account
• Displaying a notice on the dashboard for 30 days after the change

Continued use of the Service after the effective date of any modifications constitutes your acceptance of the updated Terms. If you disagree with any changes, you must stop using the Service and close your account.

The current API version is /v1. We follow an additive-only versioning policy within any major version: new fields, endpoints, or event types may be added, but existing behavior will not change in a breaking manner.

Breaking changes will be introduced under a new version prefix (e.g., /v2) with at least 90 days of parallel availability. We will notify you of deprecation timelines and provide migration guides.

These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, United States, without regard to conflict of law principles.

Any dispute arising from these Terms or the Service shall first be subject to good-faith negotiation for 30 days. If the dispute cannot be resolved through negotiation, it shall be resolved through binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules.

YOU AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION.

If any provision of these Terms is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that these Terms will otherwise remain in full force and effect.

These Terms, together with our Privacy Policy, constitute the entire agreement between you and SettleRisk regarding the Service and supersede all prior agreements, understandings, and communications. Enterprise customers may have additional terms specified in a separate Master Service Agreement (MSA).

For questions about these Terms, please contact us:

• Email: legal@settlerisk.com
• General Inquiries: contact@settlerisk.com
• Contact Page: settlerisk.com/contact