Terms of Service

1. Acceptance of Terms

By accessing or using Caldera ("the Platform"), you agree to be bound by these Terms of Service. If you do not agree, do not use the Platform. These terms may be updated at any time; continued use constitutes acceptance of any changes.

2. Age Requirement

You must be at least 18 years of age to use Caldera. By using the Platform you represent and warrant that you are 18 or older. We reserve the right to terminate accounts where age cannot be verified.

3. Not Financial Advice

Caldera is not a licensed financial advisor, broker, exchange, or investment platform. Nothing on the Platform constitutes financial, legal, or investment advice. Prediction market participation is speculative — you can lose the entire value of your position. Participate only with funds you can afford to lose entirely.

4. Blockchain Transactions Are Irreversible

All trades and coin purchases on Caldera are executed as real transactions on the DeSo blockchain. Blockchain transactions are irreversible by nature. Once confirmed on-chain, a transaction cannot be reversed, cancelled, or refunded by Caldera or any party. You are solely responsible for verifying all transaction details before confirming.

5. Platform Fees

Caldera charges a total fee of 2% on every buy trade. Sell trades are free. The 2% is split evenly: 1% funds platform operations, and 1% is used to buy the market's creator's DeSo coin on the open market. Fees are deducted at time of trade and are non-refundable.

6. Creator Coin Auto-Buy

Every prediction market on Caldera is associated with a creator. On every buy trade, 1% of the gross trade amount is used by the platform to purchase the creator's DeSo coin on the open market. The amount of creator coins received depends on the creator's bonding curve at the moment of purchase and may vary trade-by-trade.

For claimed creators— i.e. creators who have proven ownership of their profile via the claim flow — the purchased coins are transferred directly from the platform wallet to the creator's wallet on every trade.

For unclaimed creators, the purchased coins are held in the platform wallet until the creator joins and claims their profile. When the creator successfully claims their profile, all accumulated coins held in the platform wallet remain available to be transferred or used as the creator directs.

Purchased coins are not burned and are not removed from circulation. DeSo creator coins cannot be burned. No coin supply reduction occurs at any time.

Holding a creator coin does not guarantee any return or monetary value. The buyback mechanic may provide upward price pressure on a coin via bonding-curve dynamics but does not guarantee any price increase. DeSo creator coins represent participation in a creator's economy on the DeSo blockchain, not securities or investment contracts. Past trading activity does not predict future results.

7. Market Resolution and No Refunds

Once a market is resolved, payouts are final and no refunds will be issuedto participants who held the losing side. Resolution is based on publicly verifiable information as specified in each market's resolution criteria.

Caldera reserves the right to resolve a market as Cancelled and return funds to all participants if: the underlying event does not occur, the resolution criteria cannot be objectively determined, or circumstances make fair resolution impossible. In the event of cancellation, positions are unwound at their original cost basis as closely as technically feasible.

8. Market Integrity and Suspension

Caldera reserves the right to pause, modify, or cancel any market at any time without prior notice if we determine that the market is being manipulated, violates applicable law, contains inaccurate information, or otherwise threatens the integrity of the Platform.

9. User Conduct

You agree not to:

• Use the Platform for any unlawful purpose
• Manipulate market prices through wash trading or coordinated activity
• Exploit bugs or vulnerabilities rather than reporting them
• Attempt to circumvent any rate limits, security controls, or access restrictions
• Create markets with false, misleading, or defamatory content

10. Intellectual Property

All content, design, and software on Caldera is the property of Caldera and its licensors. You may not reproduce, distribute, or create derivative works without explicit written permission.

11. Disclaimer of Warranties

The Platform is provided "as is" and "as available" without warranties of any kind, express or implied. Caldera does not warrant that the Platform will be uninterrupted, error-free, or free of harmful components.

12. Limitation of Liability

To the maximum extent permitted by law, Caldera shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of the Platform, including loss of funds, loss of profits, or loss of data.

13. Governing Law

These Terms are governed by and construed in accordance with applicable law. Any disputes shall be resolved through binding arbitration on an individual basis; class actions are waived to the fullest extent permitted by law.

14. Contact

Questions about these Terms? Contact us at legal@caldera.market.