Terms and Conditions

50fifty - Terms and Conditions

Welcome to 50fifty, a platform that operates under event contracts to facilitate legal wagering in compliance with U.S. federal and state laws. These Terms and Conditions (the "Agreement") govern your access to and use of the 50fifty website, mobile application, and any related services (collectively, the "Services").

By registering an account or using our Services, you ("User," "you," or "your") acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree with any part of these Terms, you must immediately discontinue use of the Services.

1. Overview of 50fifty and Event Contracts

50fifty operates under a regulated event contract model similar to other financial platforms like Kalshi and Robinhood. This means that instead of traditional gambling or sports betting, our platform offers event-based contracts where users can participate in binary event outcomes based on market consensus.

Each event contract represents a legal agreement between the User and the platform to predict a specified event's outcome, with payouts structured according to the contract's terms. The platform complies with applicable U.S. regulations and is designed to operate legally in all 50 U.S. states.

2. Eligibility

To use the Services, you must:

  • Be at least 18 years old (or the legal age in your jurisdiction, if higher).
  • Reside in a U.S. state where event contracts are legally permitted.
  • Not be subject to any restrictions preventing participation in event contracts.
  • Register with accurate and complete personal information.

The Company reserves the right to conduct identity verification and restrict access for users who do not meet these criteria.

3. Account Registration and Security

To access 50fifty, you must create an account by providing:

  • Your full legal name, date of birth, and contact details.
  • A valid government-issued ID for identity verification.
  • Payment information for deposits and withdrawals.

You agree to:

  • Maintain the confidentiality of your login credentials.
  • Notify us immediately of unauthorized access or security breaches.
  • Not create multiple accounts to circumvent platform restrictions.

Failure to comply may result in account suspension or termination.

4. Event Contracts and Wagering Rules

4.1 How Event Contracts Work

  • Users can participate in event contracts by selecting one of two possible outcomes (e.g., RED or WHITE).
  • The winning outcome is determined by the event contract's rules (e.g., the outcome with the least amount of money bet).
  • The event contract settles every 10 minutes, at which point the results are finalized, and payouts are made accordingly.

4.2 Payout Structure

  • Winning users receive double their wagered amount.
  • Payouts are processed automatically to user accounts after settlement.
  • Any fees or taxes applicable to winnings are the responsibility of the user.

4.3 Bet Limits and Restrictions

  • The minimum participation amount is $1.00.
  • The maximum payout per contract is $100,000.
  • 50fifty reserves the right to impose additional market-based limits to ensure regulatory compliance.

5. Deposits, Withdrawals, and Financial Transactions

  • Users can fund their accounts using approved payment methods (e.g., debit cards, ACH transfers, digital wallets).
  • Withdrawals are subject to identity verification and anti-fraud checks.
  • The platform does not permit transactions from unverified or third-party accounts.
  • All financial transactions comply with U.S. anti-money laundering (AML) and financial reporting laws.

Users acknowledge that transaction times may vary due to banking and compliance reviews.

6. Compliance and Regulatory Oversight

  • 50fifty operates under event contract regulations and is designed to be compliant with U.S. laws, including oversight by regulatory bodies such as:
  • The Commodity Futures Trading Commission (CFTC) for event-based contracts.
  • The Financial Crimes Enforcement Network (FinCEN) for anti-money laundering (AML) compliance.
  • State financial regulators, where applicable.
  • Users agree that they are participating in regulated event contracts, not gambling or gaming activities.
  • Any market manipulation, collusion, or fraudulent activity will result in immediate account suspension and may be reported to regulatory authorities.

7. Prohibited Conduct

Users must not:

  • Manipulate event contracts or coordinate with others to alter market outcomes.
  • Attempt to place bets through automated systems or bots.
  • Engage in fraudulent activities, money laundering, or market manipulation.
  • Access the platform from jurisdictions where event contracts are not permitted.

Violation of these terms may result in account termination and potential legal action.

8. Market Settlement and Dispute Resolution

  • Final market results are determined based on the contract rules and platform algorithms.
  • In the event of a technical malfunction or regulatory intervention, 50fifty reserves the right to void or adjust market settlements.

9. Data Privacy and Security

By using 50fifty, you consent to our Privacy Policy (available here).

We implement industry-standard encryption, fraud detection, and identity verification measures to protect your personal data. However, users must also:

  • Use strong passwords and avoid sharing login details.
  • Regularly monitor account activity for suspicious transactions.

10. Limitation of Liability

50fifty is not liable for:

  • Losses due to market fluctuations or user trading decisions.
  • Service disruptions caused by third-party financial institutions, regulatory interventions, or technical failures.
  • Legal or tax implications arising from user participation in event contracts.

Users acknowledge that event contract trading carries financial risk, and participation is at their own discretion.

11. Amendments to These Terms

50fifty reserves the right to modify these Terms at any time.

  • Material changes will be communicated via email or in-app notifications.
  • Continued use of the Services after updates constitutes acceptance of the new Terms.

12. Governing Law and Jurisdiction

  • This Agreement is governed by the laws of the United States, with specific oversight by federal and state regulatory authorities.
  • Any disputes will be resolved through arbitration, unless otherwise required by law.

By using the 50fifty App, you acknowledge that you have read, understood, and agree to these Terms.

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