> For the complete documentation index, see [llms.txt](https://predictex.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://predictex.gitbook.io/docs/risks-and-disclaimer.md).

# Risks and Disclaimer

THESE DOCUMENTS ARE PROVIDED FOR INFORMATION ONLY AND DOES NOT CONSTITUTE ANY INVESTMENT ADVICE, FINANCIAL ADVICE, TRADING ADVICE OR RECOMMENDATION. THIS WHITEPAPER DOES NOT CONSTITUTE A PROSPECTUS OR FINANCIAL SERVICE OFFERING DOCUMENT AND IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE ANY PREX, AND IS NOT AN OFFERING, ADVERTISEMENT, SOLICITATION, CONFIRMATION, STATEMENT OR ANY FINANCIAL PROMOTION THAT CAN BE CONSTRUED AS AN INVITATION OR INDUCEMENT TO ENGAGE IN ANY INVESTMENT ACTIVITY OR SIMILAR. YOU SHOULD NOT RELY ON THE CONTENT HEREIN FOR ADVICE OF ANY KIND, INCLUDING LEGAL, INVESTMENT, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVICE, AND SUCH CONTENT IS NOT A SUBSTITUTE FOR ADVICE FROM A QUALIFIED PROFESSIONAL.

PREX TOKENS ARE FUNCTIONAL UTILITY TOKENS DESIGNED FOR USE ON THE PREDICTEX EXCHANGE AND OTHER SIMILAR PLATFORMS AND ARE NOT SHARES, BONDS, INVESTMENT PRODUCT, FINANCIAL INSTRUMENT, UNITS IN A COLLECTIVE INVESTMENT SCHEME, SECURITIES, OR ANY OTHER INSTRUMENT COMMONLY KNOWN AS SECURITIES. PREX TOKENS DO NOT ENTITLE YOU TO ANY EQUITY, GOVERNANCE, VOTING OR SIMILAR RIGHT OR INTEREST. <br>

THIS DOCUMENT CONTAINS HYPOTHETICAL, FORWARD-LOOKING AND/OR PROJECTED FIGURES WHICH ARE NOT GUARANTEED AND ARE SUBJECT TO CHANGE; ACTUAL NUMBERS MAY VARY. NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, IS MADE AS TO THE COMPLETENESS, RELIABILITY, VALIDITY, OR ACCURACY OF THIS INFORMATION. THE CONTENT HEREIN IS NOT ERROR-FREE AND MAY CONTAIN INCORRECT INFORMATION. YOU AGREE AND ACKNOWLEDGE THAT ANY INFORMATION CONTAINED HEREIN IS SUBJECT TO CHANGE WITHOUT NOTICE. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED FROM \[PREDICTEX.IO], WILL BE CONSTRUED TO CREATE ANY WARRANTY OR REPRESENTATION NOT EXPRESSLY MADE HEREIN. FOR INFORMATION REGARDING THE SPORTPREX PLATFORM, PLEASE REFER TO THE TERMS OF SERVICE ON \[PREDICTEX.IO].<br>

PROJECTS SUCH AS PREDICTEX ARE EXPOSED TO A RANGE OF RISKS, INCLUDING BUT NOT LIMITED TO:<br>

1. SMART CONTRACT RISK – USER SECURITY MAY DEPEND ON THE CORRECTNESS AND SECURITY OF THE ERC-20 SMART CONTRACTS DEPLOYED. BUGS OR VULNERABILITIES IN THE SMART CONTRACTS COULD RESULT IN THE LOSS OF USER FUNDS.
2. REGULATORY RISK – THE CRYPTOCURRENCY AND GAMING INDUSTRIES EXIST IN A DYNAMIC REGULATORY ENVIRONMENT THAT COULD RESULT IN A CHANGED USER EXPERIENCE OR UNFORESEEN RESTRICTIONS ON USERS OR TOKEN HOLDERS IN THE FUTURE.
3. MARKET LIQUIDITY RISK: FROM TIME TO TIME THERE COULD BE LOW LIQUIDITY ON THE PREDICTEX PLATFORM, OR ON EXCHANGES WHERE PREX IS OFFERED. THIS CAN LEAD TO SIGNIFICANT PRICE SLIPPAGE FOR TRADERS, NEGATIVELY AFFECTING THE OVERALL TRADING EXPERIENCE AND POSSIBLY LEADING TO LOSSES.
4. SOCIALISED LOSSES: AS MARKETS OFFERED ON THE PREDICTEX PLATFORM MAY BE SUBJECT TO SIGNIFICANT VOLATILITY DURING AN EVENT, COMBINED WITH THE USE OF LEVERAGE, THERE IS A CHANCE FOR LOSSES BEYOND USER ACCOUNT BALANCES. IN THE EVENT THAT SUCH LOSSES EXCEED THE LIQUIDATION VAULT THEY COULD BE SOCIALIZED TO OTHER USERS.

PREX TOKENS ARE NOT AVAILABLE IN THE UNITED STATES OF AMERICA (USA) OR IN ANY OTHER JURISDICTION THAT MAY BE SPECIFIED FROM TIME TO TIME. PREX TOKENS ARE NOT BEING OFFERED TO AMERICAN CITIZENS, NATURAL PERSONS RESIDENT IN THE USA, LEGAL PERSONS ORGANIZED OR ESTABLISHED UNDER THE LAWS OF THE USA OR WHOSE PRINCIPAL PLACE OF BUSINESS IS IN THE USA.&#x20;

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