Legal
Terms of Service
Important notice
Marketry is currently in an invite-only beta. Unless and until you complete identity verification and we explicitly enable real-money trading for your account, all balances and settlements are simulated (paper trading). You may lose your simulated balance; you cannot withdraw real funds during the paper phase.
PLEASE READ THIS ENTIRE AGREEMENT CAREFULLY BEFORE CREATING OR USING A MARKETRY ACCOUNT. BY CLICKING TO ACCEPT, CREATING AN ACCOUNT, OR USING THE PLATFORM, YOU AGREE TO BE LEGALLY BOUND BY THIS TERMS OF SERVICE AGREEMENT ("Agreement"), THE EVENT CONTRACT TRADING RULES ("Trading Rules"), AND THE PRIVACY POLICY, EACH AS AMENDED FROM TIME TO TIME. IF YOU DO NOT AGREE, DO NOT USE MARKETRY.
Introduction
This Agreement is between you ("Member," "you," or "your") and Marketry ("Marketry," "Company," "we," or "us"), operator of the Marketry platform at marketry.xyz and related APIs (collectively, the "Platform"). Marketry operates event-contract markets on objective business and corporate outcomes. We are building toward operation as a U.S. Commodity Futures Trading Commission ("CFTC") regulated designated contract market ("DCM") under the Commodity Exchange Act ("CEA"). During beta, certain regulatory features may be simulated or pending full implementation.
In the event of any conflict between this Agreement and the Event Contract Trading Rules, the Trading Rules govern with respect to trading, settlement, and market conduct. With respect to all other matters, this Agreement governs.
Documents incorporated by reference
The following documents are incorporated into and form part of this Agreement:
- Event Contract Trading Rules — /contract-rules
- Privacy Policy — /privacy
- Market Listing Standards (published in compliance documentation)
- Contract-specific settlement criteria displayed on each market page (`settlementCriteria`, `settlementSource`)
- Fee schedules and product notices posted on the Platform from time to time
You are responsible for reading, understanding, and accepting the terms of each Event Contract before trading that contract.
Eligibility and geographic restrictions
To use Marketry you must:
- Be at least 18 years of age (or the age of majority in your jurisdiction, if higher)
- Have legal capacity to enter a binding contract
- Not be suspended, barred, or otherwise prohibited from using the Platform
- Provide accurate registration information and keep it current
- Comply with all applicable laws in your jurisdiction
Restricted jurisdictions
You may not trade Event Contracts on Marketry if you are domiciled in, organized in, or physically located in any jurisdiction where such trading is prohibited by applicable law or by Marketry policy. We may update restricted jurisdictions without prior notice. During beta, access is invite-only; we reserve the right to deny or revoke access for compliance or risk reasons regardless of jurisdiction.
One person, one primary account
Each natural person may maintain only one primary Member account, subject to limited exceptions for authorized sub-accounts under a master account (see Section 14). Creating duplicate accounts to evade limits, surveillance, or discipline is prohibited and may result in termination of all related accounts.
Account registration and security
You are responsible for maintaining the confidentiality of your credentials, API keys, and session tokens. You must notify us promptly at security@marketry.xyz of any unauthorized access. You are liable for all activity under your account unless you have notified us of compromise and we have had a reasonable opportunity to act.
We may require identity verification (KYC) before enabling real-money features, higher limits, or certain markets. You agree to provide accurate identity information and to cooperate with verification and ongoing due diligence requests.
Services
Marketry provides:
- A central limit order book (CLOB) for binary Event Contracts
- Portfolio, order, and settlement reporting
- Market data, leaderboards, and analytics
- Programmatic trading via API and SDK (subject to API key permissions)
- Optional sub-accounts for automated strategies (each ranks independently on public leaderboards)
We may add, modify, suspend, or discontinue any feature with reasonable notice where practicable. Beta features may change frequently.
Event contract trading risk disclosure
You acknowledge and assume the following risks, among others:
- Market risk — Contract prices fluctuate based on supply, demand, and new information. You may lose your entire stake on the losing side of a binary contract.
- Liquidity risk — Markets may have wide spreads or insufficient depth; orders may not fill at expected prices or at all.
- Settlement risk — Outcomes are determined per published settlement criteria. Disputes are resolved under the Trading Rules, which may not match your personal interpretation.
- Counterparty and platform risk — During beta, the matching engine and balances are simulated. In live phases, operational, credit, and regulatory risks apply.
- Fees — Trading fees, if any, reduce returns and may turn profitable strategies unprofitable.
- Leverage of information — Other participants may have superior information, models, or execution speed.
Each listed contract has contract-specific terms including trading period, settlement source, and payout mechanics. You must read those terms before trading.
Electronic trading risk disclosure
Trading through the internet or APIs depends on hardware, software, networks, and third-party services that may fail or degrade. Outages may prevent placing, modifying, or canceling orders or accessing balances. Marketry is not liable for losses caused by system unavailability, latency, data errors, or force majeure, except as required by applicable law.
Contracts expire and settle pursuant to their terms even if the Platform is inaccessible at expiration. You assume the risk that you may be unable to close positions before resolution.
Paper trading phase vs. real-money phase
Paper (simulated) trading
During beta, unless we explicitly notify you otherwise, your account uses a simulated balance (e.g., starting paper balance). Trades are matched against other participants in a live order book, but no real money is deposited, withdrawn, or at risk. Simulated P&L has no cash value. Paper results do not guarantee live performance.
Real-money trading
Real-money trading requires: (a) completed and approved KYC/AML verification; (b) explicit enablement on your account; (c) compliance with all Trading Rules and funding procedures. Until then, any reference to "balance," "cash," or "payout" on the Platform means simulated value only.
No deposit insurance
Marketry balances are not bank deposits and are not insured by the FDIC or SIPC, except as may be required under future clearing arrangements disclosed at launch of live trading.
Fees
Fee schedules will be posted on the Platform. We may change fees with advance notice where required. You authorize us to deduct fees from your account balance. During paper beta, fees may be waived or simulated.
Member obligations
You agree to:
- Comply with this Agreement, the Trading Rules, and applicable law (including the CEA and CFTC regulations where applicable)
- Trade only for your own account or for sub-accounts you control, unless properly authorized
- Not allow unauthorized persons to use your account or API keys
- Respond promptly to compliance inquiries and provide requested information
- Not provide false, misleading, or incomplete information to Marketry
- Not engage in any conduct that harms Platform integrity or other Members
Prohibited conduct (summary)
Without limiting the Trading Rules, you must not engage in wash trading, spoofing, layering, manipulation, insider trading on covered contracts, front-running, pre-arranged non-competitive trades, or evasion of surveillance. A detailed list appears in the Event Contract Trading Rules. Violations may result in order cancellation, trade busts, suspension, permanent ban, and referral to regulators or law enforcement.
Intellectual property and market data
The Platform, branding, software, and documentation are owned by Marketry or licensors. We grant you a limited, revocable, non-exclusive license to use the Platform for personal or authorized programmatic trading. You may not scrape, redistribute, or resell market data except via expressly permitted API tiers.
API access and automated trading
API keys are credentials tied to your account. You are responsible for bot behavior executed under your keys. Rate limits and permission scopes (view, trade, master, reconcile) apply. Master keys may create sub-accounts and must be stored with extreme care. We may throttle or revoke keys that threaten Platform stability or violate rules.
Sub-accounts
Primary Members may create named sub-accounts for strategies or bots. Each sub-account trades independently, appears separately on public leaderboards, and holds separate balances and positions. The primary Member is responsible for all sub-account activity. Sub-accounts do not consume invite codes; only the primary account counts toward referral limits unless we state otherwise.
Privacy
Our collection and use of personal information is described in the Privacy Policy. You consent to compliance monitoring, audit logging of orders and trades, and retention of records for regulatory purposes (minimum five years where required).
No investment, legal, or tax advice
Marketry does not provide investment, legal, accounting, or tax advice. Market listings, probabilities, and tools are for informational purposes only. You are solely responsible for your trading decisions and tax obligations.
Disclaimers
THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE." TO THE MAXIMUM EXTENT PERMITTED BY LAW, MARKETRY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT UNINTERRUPTED OR ERROR-FREE OPERATION.
Limitation of liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, MARKETRY AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR LOST PROFITS, DATA, OR GOODWILL, ARISING FROM YOUR USE OF THE PLATFORM. OUR AGGREGATE LIABILITY FOR DIRECT DAMAGES SHALL NOT EXCEED THE GREATER OF (A) FEES PAID BY YOU IN THE TWELVE MONTHS PRECEDING THE CLAIM OR (B) ONE HUNDRED U.S. DOLLARS ($100), EXCEPT WHERE SUCH LIMITATION IS PROHIBITED BY LAW.
Nothing in this Agreement limits liability for fraud, willful misconduct, or death or personal injury caused by negligence where limitation is prohibited.
Indemnification
You agree to indemnify and hold harmless Marketry from claims, losses, and expenses (including reasonable attorneys' fees) arising from your breach of this Agreement, violation of law, or trading activity, except to the extent caused by Marketry's gross negligence or willful misconduct.
Dispute resolution and arbitration
Except for small-claims matters and injunctive relief for intellectual property or rule enforcement, any dispute arising out of this Agreement or the Platform shall be resolved by binding individual arbitration under the American Arbitration Association Commercial Arbitration Rules, unless we adopt exchange-style arbitration procedures in the Trading Rules. YOU WAIVE ANY RIGHT TO A JURY TRIAL OR TO PARTICIPATE IN A CLASS ACTION.
Arbitration shall take place in the State of Delaware, USA, or another venue we designate, in English. The arbitrator may award the same damages and relief a court could award. Either party may seek interim relief in court to preserve status quo pending arbitration.
Governing law
This Agreement is governed by the laws of the State of Delaware, USA, without regard to conflict-of-law principles, and by the CEA and CFTC regulations to the extent applicable to Event Contract trading.
Changes to this Agreement
We may amend this Agreement by posting an updated version and bumping the version date. Material changes will be notified via email or Platform notice when practicable. Continued use after the effective date constitutes acceptance. If you do not agree, you must stop using the Platform and close open orders before the effective date.
We will record your acceptance version in compliance logs. You may need to re-accept updated Terms or Trading Rules to continue trading.
Suspension and termination
We may suspend or terminate your access immediately for rule violations, suspected fraud, legal requirements, or risk to the Platform. Upon termination, open orders may be canceled, positions may be liquidated or settled per Trading Rules, and API keys revoked. Provisions that by nature should survive (indemnity, arbitration, limitations) survive termination.
Contact
- General legal: legal@marketry.xyz
- Compliance / market conduct: compliance@marketry.xyz
- Security: security@marketry.xyz
- Privacy: privacy@marketry.xyz
Questions about these documents: legal@marketry.xyz