Terms of Use
Last updated 5 September 2026
In plain words
You are betting real money on outcomes you cannot control, on a public blockchain, using software that nobody can reverse. You keep custody of your funds throughout. Winners split the pot and the house keeps 5% of markets that pay out. Some markets are settled automatically from published prices; others are settled by us, by hand, against a rule the market states before you enter. You must be 18 and it must be lawful where you are. If you cannot afford to lose what you stake, do not stake it.
1.What these terms cover
1.1
Agreement. These terms govern your use of the Candle Genie interface and the smart contracts it talks to. By connecting a wallet or sending any transaction through the interface you accept them. If you do not accept them, do not use the site.
1.2
Eligibility. You confirm that you are at least 18 years old, that you are acting on your own behalf, and that using a prediction product is lawful where you are. Where it is not, you must not use this site, and doing so anyway is your own decision and your own liability.
1.3
No account. There is no registration and no account. Your wallet address is your only identity here. We cannot create, restore, freeze or close it.
1.4
Understanding required. You confirm that you understand how a pool-based prediction game works — in particular that a displayed multiplier is a division of the current pot and not a price we have quoted you — and that you have read Risks before staking anything.
2.What the games are
2.1
Price Prediction. A round-based game. Each round accepts entries for a fixed period, then locks. A lock price is recorded at the lock and a close price one interval later. If the close price is above the lock price, UP wins; if it is below, DOWN wins. One entry per wallet per round.
2.2
Event Prediction. A market-based game. Each market poses a question with between two and eight listed answers, accepts entries until its lock, and is settled on the answer that occurred. A wallet may make repeated entries and back multiple answers, subject to one total stake limit per wallet for the entire event.
2.3
Parimutuel, not fixed odds. In both games all stakes on the same side form a pool. When a contest settles, the winning pool shares the entire pot in proportion to each stake. There is no fixed price, no counterparty taking the other side of your bet, and no order book. Multipliers move continuously as entries arrive, including as a result of your own entry.
2.4
Seeding. A house contribution is included in the pools so they can be quoted before players enter. In Event Prediction, this seed is split evenly across the answers and affects the payout formula. It is backed by the shared contract balance and is not reserved separately for each event or counted as protected player funds.
2.5
No secondary market. Positions cannot be sold, transferred, cancelled or exited. Once an entry is confirmed it stays in the pool until the contest settles.
3.Custody, entries and payouts
3.1
Non-custodial. We never take custody of your funds. A stake moves directly from your wallet to the smart contract, and a payout moves directly from the contract to your wallet. There is no deposit, no balance held by us, and no withdrawal process.
3.2
Limits. Minimum and maximum entry amounts are enforced by the contract and shown on the entry screen. For Event Prediction, the maximum applies to the wallet's combined stake across every entry and outcome in that event. Transactions outside those limits are rejected on chain.
3.3
The lock is absolute. Entries after a lock are impossible. This is enforced by the contract, not by the interface, and no support request, API call or private transaction can place one.
3.4
Fees. Winners receive 95% of the pot and the remaining 5% is retained by the operator. The contract refuses any configuration leaving winners less than 90%, and that limit is a compiled constant that cannot be raised after deployment. Where a contest refunds rather than pays out, no fee is taken.
3.5
Claiming. Payouts are not pushed to you. You collect them by sending a claim transaction. There is no deadline and unclaimed winnings do not expire. Claiming is not gated by the operator and remains available even while the contract is paused. Transfers require sufficient contract balance; if a payout cannot be funded, the claim reverts and remains unpaid until sufficient funds are available.
3.6
Gas. Every transaction costs a network fee paid to the blockchain, not to us. Failed transactions still consume gas. We do not reimburse gas under any circumstances.
4.How contests are settled
4.1
Three methods. Which method applies is a property of the contest and is visible before you enter:
- On-chain price feed. The contract reads a price directly. No operator is involved in the outcome.
- Published price. We publish the deciding prices to the contract together with a proof of the reading. The prices are stored on chain permanently and can be checked against public data.
- Operator resolution. For markets no feed can settle — sporting results, scheduling questions, published announcements — we determine the outcome by applying the rule the market published.
4.2
The rule governs. Each event market states its settlement rule in writing before it accepts entries. That rule, and not any summary, headline or card label, determines the outcome. Where a rule specifies how ties or edge cases fall, that specification is binding.
4.3
EventHash commits the question and answers. A market's question and every one of its answers are hashed at creation and the fingerprint is stored on chain as EventHash. Every entry re-computes it and the contract rejects any mismatch. Consequently a live market's wording cannot be altered, and cannot be altered after a result is known.
4.4
Cancellation is bounded. A market may be cancelled before its lock — for example a postponed fixture — in which case all stakes are refundable in full. Event cancellation is blocked from lock until the seven-day refund window opens; after that window, an unresolved event may also be cancelled. A resolved event can never be cancelled.
4.5
Refund conditions. Event Prediction refunds a player's original total stake, without a fee, only when the event is cancelled or remains unresolved seven days after lock. A valid resolved event pays winning stakes using the normal payout formula, even if every player backed that answer. Losing stakes are not refunded, including when nobody backed the winner. A listed draw is an ordinary outcome. Price Prediction retains its separate refund conditions for tied, cancelled or unresolved rounds.
4.6
Unresolved markets. If an event market is not resolved within seven days of its lock, the refund window opens and each player may reclaim their own stake without operator action. The window is a fixed constant in the contract and cannot be extended, shortened or waived. Once it opens the market can no longer be resolved.
4.7
Errors in settlement. We may correct a demonstrable settlement error where the contract still permits it. We do not undertake to do so, and where the contract does not permit it, the result stands.
5.What we control, and what we do not
5.1
Stated openly. We select which contests exist, how they are worded, what they are seeded with, and — for operator-resolved markets — what the outcome was. We publish prices for pairs that use an off-chain feed. These are real powers and we do not represent otherwise.
5.2
What the contract forbids us. The Events contract checks the committed question and outcome labels on entry, prevents cancellation between lock and the refund window, and prevents changing a resolved result. Its protected funds record covers unsettled player stakes, unpaid winner payouts after resolution, and unpaid refunds. House seed is excluded. Withdrawals are capped at any balance above these recorded obligations. Events share a contract balance, and the operator must maintain enough funding for payouts.
5.3
Pausing. New entries may be suspended, for example during an incident. Claims and refunds are never suspended.
5.4
The interface is not the product. The website is a convenience for interacting with the contracts. The contracts are public and can be read and called without us. We may modify, restrict or discontinue the interface at any time; doing so does not affect your ability to claim or refund on chain.
6.Your responsibilities
6.1
Wallet security. You are solely responsible for your wallet, its keys and its recovery phrase. We will never ask for them. Anyone who does is attempting to steal from you. Loss of access to your wallet is permanent and irreversible.
6.2
Verify before confirming. Confirm the amount, the side and the market in your wallet before approving. A confirmed transaction cannot be reversed by anyone.
6.3
Prohibited conduct. You must not attempt to exploit, disrupt or manipulate the contracts or the interface, manipulate a market's underlying subject, or use the service to launder funds or evade sanctions.
6.4
Taxes. Any tax arising from your use of this service is yours to determine, report and pay.
7.Risk, and the absence of advice
7.1
Total loss. You may lose the entire amount of every stake. Because winners share 95% of the pot, participation is negative-sum in aggregate and losses over time are the expected result.
7.2
Nothing here is advice. Nothing on this site is financial, investment, legal or tax advice, and nothing is a recommendation to bet on anything.
7.3
Software risk. Smart contracts may contain defects, and a defect can cost you everything the contract holds. Network congestion, feed outages and interface failures can prevent a transaction from confirming.
7.4
No warranty. The service is provided “as is” and “as available”, without warranties of any kind to the fullest extent the law allows.
7.5
Limitation. To the fullest extent permitted by law, we are not liable for lost stakes, lost profits, missed entries, failed transactions, gas costs, or any indirect or consequential loss arising from your use of the service.
8.Records, changes and contact
8.1
The chain is the record. Every entry, settlement, claim and refund is a public transaction. Where the interface and the chain disagree, the chain is correct.
8.2
Amendments. These terms may change. The date at the top of this page is the version in force, and continued use after a change constitutes acceptance. Terms already fixed inside a deployed contract cannot be changed by amending this page.
8.3
Contact. Questions about these terms can be raised in our Telegram community. Support cannot reverse a transaction, alter a settlement or recover a wallet, because no such ability exists.
