Terms and Conditions

About These Terms

1. Introduction

These Terms and Conditions ("Terms") govern your access to and use of the PressX.com website and all related services provided by PressX Global Corporation ("PressX", "we", "us", or "our"). PressX Global Corporation is a corporation incorporated under the laws of the Republic of Panama, registered under Public Deed Number 1,848 before the Third Notary of the Panama Circuit, with its registered office at San Francisco, 74th Street, Midtown Building, Panama City, Republic of Panama.

By creating an account, clicking "I Agree", or connecting a wallet to use any PressX service, you ("you" or "User") agree to be legally bound by these Terms. You must affirmatively accept these Terms by completing the account registration or wallet connection process, which includes a checkbox confirmation or equivalent acceptance step. If you do not agree, you must not use our website or services. These Terms constitute a legally binding agreement between you and PressX. Additional policies expressly listed on our Legal page at pressx.com/legal — including our Privacy Policy, API Terms of Use, and Staking Terms — are incorporated by reference into these Terms. No other documents are incorporated by reference unless expressly stated in these Terms with a specific URL. Please read these Terms carefully before using our services.

2. Eligibility and User Obligations

You must meet all of the following conditions to use PressX:

• 2.1Legal Age: You must be at least 18 years old, or the age of legal majority in your jurisdiction if higher, and have full legal capacity to enter into contracts.
• 2.2Permissible Jurisdiction: You must not be a citizen, resident, or currently located in any country or territory subject to applicable economic sanctions or where our services are prohibited by law. It is your sole responsibility to ensure your use does not violate applicable laws. Any use of PressX services in breach of this clause or Section 2.3 is void ab initio. PressX reserves the right to void any trades, positions, or transactions executed in breach of this clause, and to withhold associated proceeds pending investigation. Such breach constitutes a material breach of these Terms and may be reported to relevant authorities.
• 2.3Geographic Restrictions: You must not access PressX services from any jurisdiction where such services are prohibited by applicable law. PressX enforces geographic restrictions through automated and technical means. You must not use VPNs, proxies, Tor, or any other means to circumvent these restrictions. If PressX determines you are accessing the platform from a prohibited jurisdiction, your account or wallet access may be suspended or terminated immediately.
• 2.4Accurate Information: Where registration is required for your chosen service, you agree to provide current, accurate, and complete information. For crypto exchange services, you must complete identity verification as set out in Section 8. For prediction market services accessed via Web3 wallet, identity documents are not required upfront, but you remain subject to our AML and compliance obligations.
• 2.5One Account: You may only register and maintain one account per person (or one wallet per user for prediction market access), unless we approve additional accounts in writing.
• 2.6Compliance with Applicable Law: You are solely responsible for determining whether your use of PressX is lawful in your jurisdiction and for complying with all applicable laws. PressX makes no representation that its services are legal or appropriate for use in any particular country or region. You confirm that any funds or digital assets you bring to the platform are from legitimate sources.

We reserve the right to refuse, suspend, or terminate any account at our sole discretion. Contact us at legal@pressx.com with any questions.

Your Account and Services

3. Account Registration and Security

When you register for a PressX account, you agree to the following:

• 3.1Account Security: You are responsible for maintaining the confidentiality of your login credentials, including passwords and two-factor authentication (2FA) codes. We strongly recommend enabling 2FA. You must not share credentials with anyone.
• 3.2Responsibility for Account Activity: You are responsible for all activities that occur under your account, except to the extent directly and causally attributable to PressX's own gross negligence or wilful misconduct.
• 3.3Accurate Information: All information provided must be truthful, accurate, and complete. Providing false or misleading information may result in account suspension or termination and may be reported to relevant authorities.
• 3.4Account Use: You agree to use your PressX account only for your own purposes and not on behalf of any third party, unless specifically permitted in writing by PressX.
• 3.5Equipment and Software: You are responsible for ensuring that the devices, software, and internet connections you use to access PressX are secure and up to date.
• 3.6Withdrawal Allowlisting: We may offer the ability to whitelist withdrawal addresses. You are solely responsible for the accuracy of any withdrawal address you submit. Transactions executed to a whitelisted address that you have authorised are your responsibility.
• 3.7Security Incident Notification: In the event of a security incident that affects or is reasonably likely to affect the security or integrity of your account or assets, PressX shall notify affected users without undue delay and in any event within seventy-two (72) hours of becoming aware of the incident, to the extent permitted by applicable law and any law enforcement investigation. Such notification shall describe the nature of the incident, the data or assets affected, and the steps PressX is taking to address it. PressX shall maintain records of all material security incidents for a minimum of five (5) years.

4. Services Offered

PressX provides an online platform for buying, selling, exchanging, and managing digital assets and for participating in prediction markets. Our services include, but are not limited to:

• 4.1Trading Services: An exchange platform for spot trading of supported digital assets and fiat currency via various order types. All trades execute based on matching orders; we do not guarantee any order will be fully or partially filled.
• 4.2Prediction Markets: A platform enabling users to participate in and trade binary event contracts ("Prediction Contracts") based on the outcomes of verifiable real-world events. Prediction market services are accessible via Web3 wallet connection without mandatory identity verification, subject to AML monitoring and geoblocking restrictions. See Section 5 for additional terms.
• 4.3Custodial Wallet: Secure custody of digital assets and fiat funds you deposit, held with advanced security measures including cold storage and encryption. See Section 6 for asset segregation terms.
• 4.4Staking and Yield Services: Where offered, certain digital assets may be eligible for staking or yield programmes, subject to additional terms published on our Legal page at pressx.com/legal when such services are made available. We do not guarantee any rate of return. Staking or yield rates may be changed prospectively with at least seven (7) days' notice. PressX shall not claw back or reverse yield rewards that have already been credited to your account, except where the credit was made in manifest error, in which case PressX may reverse the credit within five (5) business days of discovering the error and shall provide written notice of the reversal.
• 4.5Fiat Deposit and Withdrawal: The ability to deposit and withdraw fiat currency via supported payment methods including bank transfer and card payments. Fiat deposit and withdrawal services may be provided through third-party banking or payment partners. PressX exercises reasonable care in selecting regulated financial partners but does not guarantee the solvency, conduct, or continued operation of such third parties. Where a third-party fiat partner becomes insolvent, ceases operations, or is unable to return user funds, PressX shall: (a) notify affected users promptly; (b) use commercially reasonable efforts to recover or substitute the affected funds; and (c) publish a status update within five (5) business days. PressX's liability for losses caused by third-party fiat partner failure is limited to losses directly attributable to PressX's failure to exercise reasonable care in selecting or monitoring that partner.
• 4.6API Access: We may offer API access for programmatic trading and data retrieval. Where API access is made available, it will be subject to API Terms of Use published on our Legal page at pressx.com/legal at that time. Unauthorised bots, scripts, or automated access are prohibited. PressX reserves the right to rate-limit, suspend, or revoke API access at any time.
• 4.7Other Services: Additional features, services, or content PressX may provide from time to time, including market data, educational materials, mobile applications, or referral programmes.

All services are provided at our discretion and may be modified, suspended, or discontinued at any time. We may add or remove support for any digital asset or trading pair at any time based on legal, regulatory, or market considerations.

Prediction Markets

5. Prediction Markets — Additional Terms

PressX operates a prediction markets platform allowing users to take positions on the outcome of future events. The following additional terms apply to all prediction market activity.

5.1 Nature of Prediction Contracts

Prediction markets on PressX allow users to buy and sell binary outcome contracts ("Prediction Contracts") tied to verifiable real-world events. Each Prediction Contract resolves at a maximum value of USD $1.00 per contract share if the specified outcome occurs ("Yes"), and USD $0.00 if it does not ("No"). Where settlement is made in a digital asset other than USD, the equivalent value shall be calculated using the mid-market exchange rate for the relevant asset/USD pair as published on the PressX platform at the time of resolution, and PressX shall disclose the applicable rate in the resolution notification. The contract price prior to resolution reflects market participants' collective assessment of the probability of the outcome and is not a guaranteed probability. PressX does not guarantee the accuracy of any implied probability reflected in contract prices.

5.2 Event Eligibility, Listing, and Delisting

PressX reserves the sole right to determine which events are eligible for listing as Prediction Contracts. PressX may, at its sole discretion, approve, reject, modify, or delist any event or contract at any time. Where a Prediction Contract is delisted prior to its scheduled resolution date, PressX shall: (a) provide at least twenty-four (24) hours' notice of the delisting where operationally practicable; (b) void all open positions on the delisted contract and return the position value to users at the last traded mid-market price at the time of delisting; and (c) notify affected users of the void and refund within forty-eight (48) hours of the delisting. Where a delisting is required with immediate effect due to legal, regulatory, or integrity reasons, PressX shall issue the notification and process refunds as soon as practicable. Emergency delistings do not require advance notice.

5.3 Prohibited Event Categories

PressX will not list Prediction Contracts on the following categories of events: (a) events that constitute or are likely to constitute illegal gambling under applicable law in a material number of jurisdictions where PressX operates; (b) events involving the death, serious injury, or welfare of specific named individuals, unless those individuals are public figures in the context of a publicly verifiable professional outcome; (c) events that could incentivise harm to persons, property, or democratic institutions; (d) events on which no publicly verifiable resolution source exists or can be identified at the time of listing; (e) events where the aggregate notional value of positions on the PressX platform is likely to be of sufficient magnitude, relative to the real-world stakes of the underlying event, to create a credible financial incentive to influence the event's outcome; or (f) any event category otherwise prohibited by applicable law or PressX's compliance policies. PressX reserves the right to void and refund any Prediction Contract found to fall into a prohibited category after listing, with refunds processed in accordance with Section 5.2.

5.4 Contract Resolution

Prediction Contracts are resolved based on the verified outcome of the underlying event, as determined by PressX using authoritative, publicly available data sources specified at the time of listing. PressX's resolution determinations are final and binding, subject only to correction for manifest error as expressly provided in this Section 5.4 and to the complaints procedure in Section 19.1. In the event of ambiguity, PressX may delay resolution or resolve using its reasonable good-faith judgement. If an event is cancelled or does not occur, PressX shall void contracts and return positions to users. If a manifest error occurred in resolution, PressX may correct the resolution within seventy-two (72) hours of the original resolution announcement. Users wishing to dispute a resolution on grounds of manifest error must submit a written dispute to compliance@pressx.com within ninety-six (96) hours of the resolution announcement. PressX shall maintain a complete record of all resolution determinations and the data sources relied upon for a minimum of five (5) years.

5.5 Position Limits and Accountability

PressX reserves the right to impose position limits on individual users or classes of users for any Prediction Contract at any time, with or without prior notice. Users holding positions above a specified accountability level may be required to provide additional information. Where PressX liquidates a position to enforce a position limit, it shall do so at the prevailing mid-market price at the time of liquidation as displayed on the platform order book, or, where no active market exists, at a price determined by reference to the last traded price. PressX shall provide written notification of any forced liquidation within twenty-four (24) hours, including the price at which the liquidation was executed and the basis for the action. Proceeds of liquidation shall be credited to your account promptly.

5.6 User Representations for Prediction Markets

By connecting your wallet and participating in prediction markets, you represent and warrant that: (a) you are of legal age to participate in your jurisdiction (at minimum 18 years of age); (b) you are not located in, a citizen of, or resident of any jurisdiction where such participation is prohibited, and you are not using VPNs or proxies to circumvent geographic restrictions; (c) you are participating for your own account; (d) you are not using material non-public information; (e) your participation complies with all applicable laws; (f) the digital assets you use are from legitimate sources; and (g) you understand that contract outcomes are uncertain and you may lose the entirety of any position.

5.7 Integrity and Market Conduct

You must not attempt to manipulate prediction market outcomes, contract prices, or underlying events. Prohibited conduct includes coordinating with others to move prices, exploiting errors in contract specifications, spreading false information, or attempting to influence the real-world event outcome. Where PressX determines that a user has engaged in market manipulation or integrity violations, PressX reserves the right to: (a) void any trades, positions, or winnings that were directly or indirectly derived from the prohibited conduct; (b) deduct the amount of any ill-gotten gains from the user's account balance before any fund release; (c) terminate the user's account; and (d) refer the matter to relevant authorities. The right to void and disgorge proceeds of manipulation survives account termination.

5.8 Regulatory Status and Jurisdictional Restrictions

The legal status of prediction markets varies significantly by jurisdiction. It is your responsibility to determine whether participation is lawful before using prediction market services. PressX may restrict access to prediction markets in specific jurisdictions at any time through geofencing, without prior notice.

5.9 Market Liquidity

PressX does not guarantee liquidity in any Prediction Contract. There may be times when it is not possible to enter or exit a position due to limited market activity. PressX may act as a market maker in Prediction Contracts at its discretion. Where PressX acts as a market maker, it does so as a disclosed principal. PressX will not use non-public information about aggregate user positions to trade against users.

5.10 Responsible Trading in Prediction Markets

Prediction markets are speculative instruments involving substantial risk of loss. Please see Section 11 (Responsible Trading) for additional guidance.

5.11 Custody Model and Smart Contract Risk

Prediction market services on PressX may be offered via custodial settlement (where PressX holds assets on your behalf in accordance with Section 6) or via non-custodial on-chain mechanics (where assets are managed by smart contracts and PressX does not take custody of your wallet assets). The custody model applicable to each prediction market product will be disclosed at pressx.com/legal and on the relevant product page. Where prediction markets operate on a non-custodial basis: (a) PressX does not hold your assets and cannot reverse or recover on-chain transactions once they have been broadcast to the relevant blockchain network; (b) you interact directly with smart contracts, and PressX's role is limited to operating the platform interface and specifying resolution outcomes; and (c) the security and performance of the smart contract is subject to the risks described in Sections 10.4 and 10.5. Where prediction markets are custodial and settlement occurs off-chain, Section 6 (Asset Segregation and Custody) applies in full and settlement payouts will be credited to your account within two (2) business days of the resolution date.

5.12 Market Halts and Emergency Actions

PressX may suspend or halt trading in any Prediction Contract, or in the prediction market service as a whole, at any time where PressX reasonably determines that a halt is necessary to address: (a) suspected market manipulation or integrity concerns; (b) extreme or abnormal price volatility not reflective of the underlying event probability; (c) a material technical issue, data feed outage, smart contract vulnerability, or oracle failure; (d) a regulatory or legal requirement or direction; or (e) any other circumstance where continued trading would be contrary to the fair and orderly operation of the market. PressX will resume trading or otherwise resolve the contract when the underlying issue has been addressed, acting in good faith. PressX is not liable for market movements or missed trading opportunities during a trading halt, provided the halt was imposed in good faith.

5.13 Contract Specification Errors and Event Changes

If PressX determines, after a Prediction Contract has been listed, that the contract specifications contain an error, ambiguity, or require clarification: (a) for non-material corrections (including typographical errors or immaterial clarifications), PressX may amend the specifications with notice and without offering exit rights; (b) for material amendments — being those that could reasonably affect a trading decision — PressX shall provide at least twenty-four (24) hours' notice and shall offer users the option to either close their positions at the then-prevailing Mid-Market Price before the amendment takes effect, or retain their position on the amended terms; and (c) if PressX determines that a material change cannot be adequately addressed by amendment, PressX shall void and refund the contract in accordance with Section 5.2. PressX will publish its determination and rationale within five (5) business days of the event change becoming publicly known.

5.14 Resolution Source Fallback and Timing

PressX will resolve Prediction Contracts using the resolution source or sources specified at the time of listing. If the primary resolution source becomes unavailable, ceases publication, or is reasonably determined to be unreliable or compromised, PressX may use a secondary authoritative public source as a fallback. If no reliable secondary source is available, PressX may make a good-faith determination based on the best publicly verifiable evidence available and shall publish a written explanation within forty-eight (48) hours of resolution. All fallback resolutions are subject to the dispute process in Section 19.1.

Asset Custody

6. Asset Segregation and Custody

The integrity and safety of customer assets is a core commitment of PressX. The following terms govern how your assets are held:

• 6.1Segregation of Customer Assets: PressX maintains customer assets separately from PressX's own corporate funds. Customer digital assets and fiat funds are not commingled with PressX's operating capital and will not be used to fund PressX's own business operations, investments, loans, or financial activities, or to satisfy PressX's corporate obligations, debts, or liabilities.
• 6.2No Rehypothecation: PressX will not pledge, lend, invest, or otherwise use your digital assets or fiat balances for its own benefit without your express written consent. The sole exceptions are: (a) as required by applicable law or a valid court or regulatory order; or (b) to execute the specific transaction instruction you have submitted. This exception applies only to the assets directly required to fulfil that specific instruction and only for the minimum duration necessary to complete it.
• 6.3Custodial Structure: Digital assets are held in a combination of cold storage (offline, air-gapped wallets) and hot wallets. PressX implements multi-signature controls, encryption, and other industry-standard security measures. The substantial majority of total customer digital asset holdings shall be held in cold storage at all times, with hot wallet balances maintained only at the minimum level required for operational liquidity. PressX shall publish its current cold storage ratio as part of its quarterly Proof of Reserves attestation under Section 6.5.
• 6.4Fiat Funds: Fiat currency balances are maintained in segregated accounts with reputable, licensed financial institutions, designated for customer funds and kept separate from PressX's operating accounts. PressX shall notify users within five (5) business days if the institution holding their fiat funds becomes subject to sanctions, enters insolvency proceedings, or loses its operating licence.
• 6.5Proof of Reserves: PressX shall publish periodic attestations, no less than quarterly, confirming that customer assets are fully backed by equivalent assets held in custody. Attestations shall be conducted by an independent third party and published on our website within thirty (30) days of each quarter end.
• 6.6Insolvency Protections: Customer assets held in segregated accounts are held on trust for customers and shall not form part of PressX's general estate in the event of PressX's insolvency, bankruptcy, liquidation, or administration. PressX expressly undertakes not to grant any security interest, lien, or charge over customer assets in favour of its creditors. Customer assets are not insured by any government deposit insurance scheme.
• 6.7No Interest on Holdings: PressX is not obligated to pay you interest on digital assets or fiat funds held in your account, unless explicitly stated for specific services such as staking programmes.
• 6.8Right to Withdraw: Subject to these Terms, PressX shall not prevent, delay, or impose conditions on a user's right to withdraw their own assets except: (a) during a bona fide AML or compliance review under Section 8; (b) where required by applicable law, court order, or regulatory direction; (c) where the user has an outstanding undisputed debt to PressX; (d) during scheduled or emergency platform maintenance; (e) where a withdrawal hold is imposed as a risk-based control in connection with a deposit made using a reversible payment method pending irrevocable settlement; or (f) in connection with a Payment Reversal, erroneous credit recovery, or immediate protective action as described in Sections 9.8 and 9.10.
• 6.9Blockchain Forks and Airdrops: In the event of a hard fork, chain split, airdrop, or similar protocol-level event affecting a digital asset you hold on the PressX platform, PressX shall determine in its sole but good-faith discretion whether to support the new or forked asset, taking into account technical feasibility, regulatory status, and user impact. PressX shall publish its decision and rationale within fifteen (15) business days of the fork or airdrop event becoming publicly known. PressX is not liable for any losses arising from its decision to support or not support a forked or airdropped asset, provided the decision was made in good faith.

User Obligations and Compliance

7. Prohibited Activities

When using PressX, you agree that you will not engage in any of the following prohibited activities:

• 7.1Illegal or Fraudulent Activity: Using the platform for any unlawful purpose, including fraud, money laundering, terrorist financing, proliferation financing, or activity that violates sanctions or export controls.
• 7.2Market Manipulation: Engaging in wash trading, self-dealing, spoofing, layering, pump-and-dump schemes, front running, quote stuffing, or any form of market manipulation.
• 7.3Prediction Market Manipulation: Attempting to influence the outcome of any event underlying a Prediction Contract; colluding with others to move contract prices artificially; or using non-public information to gain an unfair advantage.
• 7.4Violation of Others' Rights: Infringing the intellectual property rights, privacy rights, or other legal rights of PressX or any third party.
• 7.5Interference with Security: Attempting to bypass security measures, probe for vulnerabilities, introduce malware, or gain unauthorised access to any systems or accounts.
• 7.6Circumventing Geographic Restrictions: Accessing PressX from a prohibited jurisdiction using VPNs, proxies, Tor, or other technical means to disguise your true location.
• 7.7Unauthorised Automation: Using unauthorised bots, scripts, or automated processes to access the platform, except as explicitly permitted through our official API.
• 7.8Spreading Misinformation: Deliberately spreading false information with the intent to manipulate digital asset prices or prediction market contract prices.
• 7.9Unauthorised Commercial Use: Using the platform to operate as an exchange or money transmitter for third parties, or to facilitate fund pooling or asset management on behalf of others without prior written consent.
• 7.10Insider Conduct by PressX Personnel: PressX represents that its directors, officers, and employees are prohibited from: (a) trading on PressX's exchange or prediction markets using non-public information about platform order flow, pending listings, delistings, or resolution outcomes; (b) front-running user orders; and (c) disclosing non-public platform information to third parties for trading purposes. Violations may be reported to compliance@pressx.com.

8. Identity Verification, AML, and Compliance

PressX operates two distinct types of services, each with different onboarding and compliance requirements. All users of any PressX service are subject to our AML and sanctions obligations, as described below.

8.1 Crypto Exchange — Full Identity Verification Required

To access PressX crypto exchange services (including spot trading, fiat deposit and withdrawal, staking, and custodial wallet services), you must complete our full identity verification process before depositing funds or executing any trade.

• 8.1.1Identity Documents: Provide government-issued photo identification (such as a passport, national identity card, or driving licence), proof of residential address (such as a recent utility bill or bank statement dated within the past ninety (90) days), and such additional documents as we reasonably request proportionate to your account activity and risk profile.
• 8.1.2Source of Funds: Provide information about the source of your funds and the nature of your intended activity on the platform where required by applicable law or our internal risk procedures.
• 8.1.3Tiered Access: PressX may apply tiered verification levels, with different documentation requirements unlocking higher deposit and withdrawal limits or access to additional features.
• 8.1.4Ongoing Verification: We may require updated or additional information at any time. Where PressX requests additional verification documents, it shall specify a reasonable deadline of not less than fourteen (14) calendar days for the user to respond. Any suspension under this clause shall not exceed sixty (60) calendar days, after which PressX shall either escalate the matter as a compliance investigation under Section 8.3 or restore normal account access.
• 8.1.5Screening: You authorise us to screen your identity information against international sanctions lists, politically exposed persons (PEP) databases, adverse media, and other financial crime risk indicators, at onboarding and on an ongoing basis.

8.2 Prediction Markets — Wallet-Based Access, No Upfront Verification

Prediction market services are accessible via Web3 wallet connection without mandatory upfront identity verification. No account registration or identity documents are required to connect a wallet and begin trading. However, the following AML obligations apply:

• 8.2.1Threshold-Based Verification: If your prediction market activity exceeds thresholds defined in our internal AML procedures, we reserve the right to require identity verification before permitting further activity or processing withdrawals. AML thresholds are not publicly disclosed, as disclosure would undermine their effectiveness for financial crime prevention purposes.
• 8.2.2Transaction Monitoring: All on-chain transactions associated with wallets interacting with our prediction market platform are subject to automated transaction monitoring and AML screening.
• 8.2.3Wallet Screening: By connecting your wallet, you authorise PressX to screen your wallet address against sanctions lists and blockchain intelligence databases. Wallets associated with illicit activity or sanctioned addresses may be blocked.
• 8.2.4Withdrawal Holds: We reserve the right to place a temporary hold on withdrawals from prediction market accounts pending AML review. Any hold shall not exceed thirty (30) calendar days without a formal written notice to you stating the reason and expected duration, unless prohibited by law or a continuing court or regulatory order.
• 8.2.5Source of Funds: You represent that all digital assets you use on the prediction market platform are from legitimate sources and are not derived from criminal activity, money laundering, or sanctions evasion.

8.3 Common Compliance Obligations — All Users

The following obligations apply to all users of any PressX service:

• 8.3.1Sanctions Compliance: You represent and warrant that you are not a designated person, entity, or vessel under any applicable sanctions regime. If your sanctions status changes, you must immediately cease using PressX services and notify us at compliance@pressx.com.
• 8.3.2Geographic Restrictions: You must not access PressX from any jurisdiction where our services are prohibited. Circumventing geographic restrictions using VPNs, proxies, or other technical tools is strictly prohibited and may result in immediate termination and asset freeze.
• 8.3.3Suspicious Activity Reporting: Where required by applicable law, PressX will file suspicious activity reports or equivalent disclosures with relevant financial intelligence authorities. We are legally prohibited from notifying you if such a report has been filed in relation to your account or wallet.
• 8.3.4Travel Rule: For cryptocurrency transfers above applicable thresholds, PressX complies with applicable FATF Travel Rule standards, which may require collection and transmission of originator and beneficiary information.
• 8.3.5Cooperation: You agree to cooperate promptly and fully with any request for information or documentation arising from our AML, sanctions, or compliance procedures. Failure to cooperate may result in suspension of services and, where required, reporting to relevant authorities.

Fees, Risk, and Responsible Trading

9. Fees and Taxes

• 9.1Fee Schedule: Our fee schedule for trading, prediction market contracts, deposits, withdrawals, and other services is published on our website. PressX reserves the right to change its fees at any time, provided that increases to withdrawal or deposit fees shall take effect no earlier than seven (7) calendar days after notice is posted. By proceeding with any transaction, you accept the fees displayed at the time of that transaction.
• 9.2Prediction Market Fees: Prediction market trades may be subject to transaction fees which may differ from standard crypto trading fees. Resolution or settlement fees may also apply and will be disclosed in our fee schedule.
• 9.3Deduction of Fees: You authorise PressX to deduct applicable fees directly from your account balance at the time of a transaction or service. PressX will not create a negative balance in your account solely to recover unpaid fees. Any underpaid fees shall constitute a debt owed to PressX recoverable from future deposits or account activity.
• 9.4Third-Party Fees: Your bank or payment provider may charge fees for fiat transactions. Blockchain network fees ("gas fees") apply to on-chain cryptocurrency transactions. PressX is not responsible for third-party fees.
• 9.5Taxes: You are solely responsible for determining and fulfilling your tax obligations arising from your activities on PressX. PressX does not provide tax advice.
• 9.6No Interest: PressX is not obligated to pay interest on digital assets or fiat funds held in your account, unless explicitly stated for specific products.
• 9.7Inactivity Fees: Accounts that remain inactive for an extended period (as defined in our current fee schedule) may be subject to a monthly inactivity fee. We will notify you before inactivity fees begin to apply where practicable.
• 9.8Payment Reversals; Chargebacks; Recalled Transfers: This clause governs chargebacks, reversals, and related payment disputes arising from fiat deposits made using reversible payment methods.

• 9.8.1Definition: A "Payment Reversal" means any chargeback, reversal, recall, return, rejection, clawback, or other invalidation of a fiat payment — including card payments, ACH or bank transfer returns, and payment processor reversals — whether initiated by you, your bank, a card network, a payment processor, or any other third party.
• 9.8.2Provisional Availability: Fiat deposits made using reversible payment methods may be made available on a provisional basis before the payment is irrevocably settled. PressX may apply a settlement hold and delay or limit your ability to withdraw digital assets purchased using such provisional funds until the underlying payment has irrevocably cleared.
• 9.8.3PressX Rights on Payment Reversal: If a Payment Reversal occurs, or if PressX reasonably determines that a Payment Reversal is likely to occur, PressX may: (a) immediately reverse any provisional credit applied to your account; (b) deduct the amount of the Payment Reversal and any associated fees and costs from any balances held in your account across all PressX products; (c) cancel or reject any pending or open orders; (d) restrict withdrawals while the reversal is investigated and resolved; and (e) liquidate assets in your account at the prevailing Mid-Market Price at the time of liquidation to cover any deficit.
• 9.8.4Negative Balances and Debt: If, following a Payment Reversal, your account does not contain sufficient value to cover the reversed amount and any associated fees, the resulting shortfall will constitute a debt you immediately owe to PressX, recoverable by setoff, collection agency referral, or legal proceedings.
• 9.8.5Your Costs: You are responsible for any chargeback fees, reversal fees, return fees, card network penalties, and PressX's reasonable administrative and collection costs incurred in connection with a Payment Reversal, to the extent permitted by applicable law.
• 9.8.6Dispute Process: If you believe a Payment Reversal has been applied to your account in error, you must raise a dispute in writing to legal@pressx.com within ten (10) business days of the notice, providing evidence that the underlying payment was not reversed. PressX will review and respond within fifteen (15) business days.
• 9.8.7No Circumvention: You must not initiate or facilitate a chargeback in bad faith, including by falsely claiming that a transaction was unauthorised, where the transaction was in fact authorised by you. Initiating a bad-faith chargeback is a material breach of these Terms.

• 9.9No Refunds; Trades Are Final: Except as expressly provided in these Terms, all purchases, sales, conversions, and executed trades of digital assets on PressX are final and non-refundable. Once an order or any portion of an order has been executed, the transaction cannot be cancelled, reversed, or unwound by you. PressX may cancel or reverse a completed transaction only in limited circumstances: (a) to correct a manifest error or technical malfunction directly attributable to PressX; (b) as required by applicable law or a valid court or regulatory order; (c) in connection with a Payment Reversal, fraud prevention, or AML/sanctions compliance action; or (d) where both parties agree in writing.
• 9.10Errors; Mistaken Credits; Account Corrections: PressX may, at any time, identify and correct errors in your account, including erroneous credits, mistaken deposits, duplicate credits, incorrect fee calculations, incorrect settlement amounts, or incorrect payouts. PressX will notify you in writing of the error and the correction to be applied. If you have already withdrawn or spent funds credited to your account in error, the full amount of the erroneous credit will constitute a debt immediately owed by you to PressX.

10. Risk Disclosure

Trading digital assets and participating in prediction markets involve significant risks. By using PressX, you acknowledge and accept the following:

• 10.1Market Volatility: Cryptocurrency values are extremely volatile. Prices may drop sharply or to zero in a short period. Only use funds you can afford to lose entirely.
• 10.2Prediction Market Risk: Prediction Contract outcomes are inherently uncertain. You may lose the entirety of any position. The price of a contract prior to resolution is not a guarantee of the ultimate outcome.
• 10.3No Guaranteed Returns: There are no guaranteed returns from trading, staking, prediction markets, or any other activity on PressX.
• 10.4Regulatory Uncertainty: Digital assets and prediction markets are subject to rapidly evolving regulatory oversight. Changes in laws may adversely affect your ability to use the platform or the value of assets.
• 10.5Technology and Security Risks: Blockchain transactions may be irreversible. Losses arising from third-party smart contract failures, external protocol vulnerabilities, or cyber attacks on third-party infrastructure may be unrecoverable. PressX does not disclaim liability for losses caused by material defects or vulnerabilities in PressX's own platform code or systems that result from PressX's failure to exercise reasonable care in developing, testing, or maintaining its software.
• 10.6Counterparty and Platform Risk: In prediction markets, your returns depend on other participants taking opposing positions. A lack of counterparty liquidity may affect your ability to enter or exit positions.
• 10.7Operational Interruptions: You may be temporarily unable to access assets or execute trades during system downtime, maintenance, or network outages.
• 10.8Not a Bank Deposit: Assets held in your PressX account are not bank deposits and are not insured by any government deposit insurance scheme.
• 10.9Irreversibility: Cryptocurrency transactions sent from your account may be irreversible. Always verify recipient addresses before initiating a withdrawal.
• 10.10Pricing and Trade Execution Errors: In the event that a trade is executed at a price that is materially different from the prevailing Mid-Market Price due to a technical error, data feed failure, or manifest pricing error on PressX's platform, PressX may, at its discretion, cancel the affected trade and restore the parties to their pre-trade positions. PressX shall notify the affected user within twenty-four (24) hours of identifying the error.

By using our services, you acknowledge you have carefully considered these risks. PressX is not liable for losses resulting from the inherent risks of trading or holding digital assets, except as explicitly stated in these Terms.

11. Responsible Trading

PressX is committed to promoting responsible use of our platform for both digital asset trading and prediction markets.

• 11.1Self-Assessment: Before using PressX, honestly assess your financial situation, risk tolerance, and whether speculative trading or prediction market participation is appropriate for you.
• 11.2Set Limits: We recommend setting personal limits on the funds you deposit or place in prediction market contracts. Only participate with funds you can afford to lose.
• 11.3Account Controls: Where available, you may request deposit limits, cooling-off periods, or self-exclusion through customer support at support@pressx.com.
• 11.4Self-Exclusion: If you believe your trading activity is becoming harmful, you may request voluntary self-exclusion from our platform by contacting support@pressx.com. During a self-exclusion period: (a) you will be unable to deposit funds, open new positions, or execute new trades; (b) your right to withdraw existing funds and close open positions is fully preserved and shall not be restricted; and (c) PressX shall process any withdrawal request submitted during a self-exclusion period within the normal processing timeframe. Self-exclusion shall remain in effect for the period you specify, with a minimum period of thirty (30) days.
• 11.5Support Resources: If you are experiencing difficulties related to problem gambling or compulsive trading, please seek support from organisations in your country. International resources include: the International Association of Gaming Regulators directory (iagr.org); GamCare (UK: gamcare.org.uk); the National Problem Gambling Helpline (North America: 1-800-522-4700); and equivalent national helplines in your jurisdiction.
• 11.6Minor Protection: Our services are strictly for individuals aged 18 or older, or the age of legal majority in your jurisdiction if higher. We reserve the right to terminate accounts or block wallets where we have reasonable grounds to believe the user is a minor.

12. No Investment Advice

PressX acts only as a platform for the exchange of digital assets and the facilitation of prediction market participation. We do not act as an investment advisor, financial advisor, broker, dealer, or fiduciary.

• 12.1No Advisory Relationship: PressX does not advise you on the merits of any particular trade, investment, or prediction market position.
• 12.2No Fiduciary Duty: We have no fiduciary duty to you. Our relationship is that of an independent platform operator and user.
• 12.3Your Responsibility: You are solely responsible for assessing your financial situation, risk tolerance, and any trading decision.
• 12.4Seek Professional Advice: If you require investment, legal, tax, or financial advice, consult with qualified, licensed professionals in those fields.

Enforcement

13. Suspension, Termination, and Enforcement

We reserve the right to suspend, restrict, or terminate your access at our sole discretion, including in the following circumstances:

• 13.1Violations of Terms: Material breach of any provision of these Terms may result in suspension or termination. For minor or inadvertent breaches that do not involve fraud, money laundering, market manipulation, sanctions violations, or security threats, PressX shall give written notice of the breach and allow a reasonable cure period of not less than seven (7) calendar days before taking enforcement action.
• 13.2Suspicious or Illegal Activity: Suspected fraud, money laundering, sanctions violations, market manipulation, or prediction market integrity violations may result in account freeze and investigation.
• 13.3Required by Law: We may suspend or terminate accounts to comply with court orders, law enforcement requests, regulatory requirements, or applicable sanctions.
• 13.4Security Threats: If your account is suspected to have been compromised or accessed without authorisation, PressX may temporarily suspend it as a protective measure. PressX shall notify you of the suspension within twenty-four (24) hours, or as soon as permitted by any ongoing law enforcement investigation. Suspended accounts shall be reviewed by PressX within five (5) business days and either restored or escalated to a formal investigation.
• 13.5Inactive Accounts: Accounts that remain inactive for an extended period may be subject to inactivity fees or closure in accordance with our published fee schedule. You will be notified by email at least thirty (30) days in advance of any inactivity fee being applied or account closure. Unclaimed balances on closed inactive accounts will be held for a minimum of six (6) years before any escheatment to applicable authorities.

Upon termination, any remaining funds (after deducting undisputed amounts contractually owed to PressX) will be made available for withdrawal within ten (10) business days of the termination date. Where PressX proposes to deduct any amount from your balance, it shall provide written notice specifying the amount and basis for the deduction; you shall have five (5) business days to dispute such deduction in writing to legal@pressx.com before it is applied.

Intellectual Property

14. Intellectual Property Rights

All content and materials on PressX — including our website, mobile applications, APIs, documentation, logos, branding, text, graphics, and software — are the intellectual property of PressX or its licensors, protected by copyright, trademark, and other applicable laws.

• 14.1Limited Licence: PressX grants you a limited, non-exclusive, non-transferable, revocable licence to access and use our platform for your personal, lawful use in accordance with these Terms.
• 14.2No Licence to Trademarks: "PressX", our logo, and product names are trademarks of PressX. You are not granted any licence to use them without our written approval.
• 14.3User Feedback: If you submit feedback or suggestions, you grant PressX an irrevocable, royalty-free licence to use such feedback for any purpose without obligation to you.
• 14.4Prohibited Uses: You will not copy, modify, distribute, publicly display, or reverse engineer any part of the PressX platform or software, except to the extent that applicable mandatory law in your jurisdiction grants you rights that cannot be waived by contract, including rights of interoperability, error correction, or security research.

Disclaimers and Liability

15. Disclaimers of Warranties

PressX services are provided on an "as is" and "as available" basis. To the fullest extent permitted by applicable law, PressX disclaims all implied warranties, including warranties of merchantability, fitness for a particular purpose, and non-infringement. PressX does not warrant: (a) that services will be uninterrupted or error-free; (b) the accuracy or completeness of market data, event data, or prediction market resolution determinations sourced from third-party data providers; (c) the performance or reliability of third-party services including banking partners, payment processors, or blockchain networks; or (d) that indicative prices displayed on the platform at the time of order placement will be the prices at which orders are executed, due to market movement between order placement and execution. These disclaimers do not apply to losses caused by PressX's own fraud, gross negligence, or wilful misconduct, or to any liability that cannot be lawfully excluded or limited.

16. Limitation of Liability

To the maximum extent permitted by applicable law, PressX, its affiliates, directors, officers, employees, and agents shall not be liable for:

• 16.1Indirect Damages: Any indirect, special, incidental, consequential, or punitive damages, including loss of profits, revenue, data, or business opportunity, arising from your use of or inability to use PressX services.
• 16.2Direct Damages Cap: PressX's total aggregate liability to you for all claims (other than for fraud, gross negligence, or wilful misconduct, which are uncapped) shall not exceed the greater of: (a) the total fees actually paid by you to PressX in the twelve (12) months immediately preceding the event giving rise to the claim; or (b) one hundred US dollars (USD $100).
• 16.3Prediction Market Resolutions: PressX shall not be liable for losses arising from prediction market resolutions made in good-faith accordance with these Terms, except in cases of manifest error reported within the ninety-six (96)-hour dispute window specified in Section 5.4.
• 16.4Force Majeure: PressX shall not be liable for any failure or delay in performance resulting from a Force Majeure Event as described in Section 18.

Nothing in these Terms limits liability for gross negligence, wilful misconduct, or fraud by PressX, or any liability that cannot be excluded under applicable law.

17. Indemnification

You agree to indemnify, defend, and hold harmless PressX and its affiliates, officers, directors, employees, agents, and representatives from and against any and all claims, damages, losses, costs, and expenses (including reasonable legal fees) arising from: (a) your breach of any provision of these Terms; (b) your violation of any applicable law, regulation, or the rights of any third party; (c) your misuse of the PressX platform, including any fraudulent or wrongful act; (d) any dispute between you and another user or third party relating to your use of the services; (e) any attempt by you to manipulate a prediction market or the outcome of any underlying event; or (f) your violation of any applicable sanctions or AML/CTF regulations.

18. Force Majeure

PressX shall not be liable for any failure to perform or delay in performing any services or obligations under these Terms caused by events beyond our reasonable control (each a "Force Majeure Event"), including but not limited to: acts of God, natural disasters, or severe weather events; government actions, legislation, sanctions, embargoes, war, terrorism, or civil unrest; blockchain network failures, congestion, hard forks, or protocol changes outside our control; failures or interruptions of third-party services, infrastructure, payment networks, or telecommunications systems; epidemics, pandemics, or public health emergencies; cyber attacks or distributed denial-of-service attacks that we were unable to prevent despite reasonable measures; or labour disputes, strikes, or shortages affecting our operations. In the event of a Force Majeure Event, we will notify users as soon as reasonably practicable and provide weekly status updates while the event continues. If Force Majeure conditions persist, in aggregate, for more than thirty (30) calendar days within any sixty (60)-day rolling period, either party may terminate the affected services by providing written notice.

Dispute Resolution and Governing Law

19. Dispute Resolution

19.1 Informal Resolution

Before initiating formal dispute proceedings, you agree to first contact PressX at legal@pressx.com with a written description of your dispute, the relief you seek, and your contact information. PressX shall acknowledge receipt of your complaint within five (5) business days and provide a substantive written response within thirty (30) calendar days of receipt. If the dispute remains unresolved after PressX's substantive response, or if no response is received within the thirty (30) day period, either party may proceed to arbitration as set out below.

19.2 Binding Arbitration

All unresolved disputes shall be resolved exclusively through final and binding arbitration, rather than in court. Arbitration will be conducted under the rules of the Centro de Conciliación y Arbitraje de Panamá (CAP), or such other mutually agreed reputable arbitration institution, in Panama City, Republic of Panama, or such other location as mutually agreed, in the English language, on an individual basis. For claims not exceeding USD $10,000, PressX shall pay the arbitration filing fees and administrative costs.

19.3 Waiver of Class Action

20. Governing Law

These Terms and any dispute or claim arising out of or in connection with them, their subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of the Republic of Panama, without regard to its conflict of law provisions. To the extent that courts have jurisdiction over any matter that the parties agree may be subject to litigation, you submit to the exclusive jurisdiction of the courts of Panama City, Republic of Panama. Nothing in this clause prevents either party from seeking emergency injunctive relief in any jurisdiction to protect its rights. For users resident in the EEA or UK, mandatory consumer protection rights under applicable law are not affected by this governing law clause.

21. Changes to These Terms

PressX reserves the right to amend or update these Terms at any time. Where we make material changes that adversely affect your rights, we will use reasonable efforts to provide at least fourteen (14) days' advance notice by email to your registered address or by prominent posting on our website, before the changes take effect. For non-material updates, the updated Terms will be effective upon posting. Where a change is required urgently to address an imminent legal, regulatory, or security obligation, we may implement the change immediately and provide notice as soon as permitted. By continuing to use our services after the effective date of any changes, you agree to be bound by the updated Terms. The version of these Terms currently displayed at pressx.com/legal is the version applicable to all active relationships.

22. General Provisions

• 22.1Entire Agreement: These Terms, together with the additional policies expressly incorporated by reference at pressx.com/legal, constitute the entire agreement between you and PressX with respect to the Services and supersede all prior agreements, representations, and understandings.
• 22.2Severability: If any provision of these Terms is found by a court or arbitrator of competent jurisdiction to be invalid, illegal, or unenforceable, that provision shall be modified to the minimum extent necessary to make it enforceable, or severed if modification is not possible. The remaining provisions shall continue in full force and effect.
• 22.3Waiver: Any failure or delay by PressX in exercising any right, power, or remedy under these Terms shall not operate as a waiver of that right, power, or remedy. A waiver of any breach shall not constitute a waiver of any subsequent or continuing breach.
• 22.4Assignment: You may not assign or transfer any rights or obligations under these Terms without PressX's prior written consent. PressX may assign its rights and obligations under these Terms to an affiliate, successor, or acquirer of all or substantially all of its business or assets, with notice to you within thirty (30) days of such assignment.
• 22.5No Third-Party Beneficiaries: These Terms are for the benefit of the parties only. No third party has any rights under or in connection with these Terms, except as required by applicable law.
• 22.6Notices: All notices to PressX under these Terms must be sent in writing to legal@pressx.com or to our registered address. Notices from PressX to you will be sent to your registered email address or posted on our website. Email notices are effective upon dispatch; website notices are effective upon posting.
• 22.7Language: These Terms are written in English. If translated, the English version shall prevail in the event of any conflict.
• 22.8Relationship of the Parties: Nothing in these Terms creates a partnership, joint venture, agency, franchise, or employment relationship between you and PressX. You have no authority to bind PressX in any way.
• 22.9Survival: Provisions of these Terms that by their nature should survive termination — including Sections 6 (to the extent assets remain in custody), 7 (prohibited activities, disgorgement), 9.8 (Payment Reversals), 9.9 (no refunds), 9.10 (error corrections), 14 (intellectual property), 15 (disclaimers), 16 (limitation of liability), 17 (indemnification), 19 (dispute resolution), 20 (governing law), and 23 (definitions) — shall survive the termination or expiry of these Terms for any reason.
• 22.10Headings: Section headings are for convenience only and do not affect the interpretation of these Terms.
• 22.11Good Faith: Where these Terms refer to PressX acting in "good faith" or to its "sole discretion", PressX shall act reasonably and not arbitrarily, capriciously, or in a manner designed to circumvent its obligations to users.

Definitions

23. Definitions

The following capitalised terms have the meanings set out below wherever they appear in these Terms:

• 23.1Prediction Contract: A binary outcome contract listed on the PressX prediction markets platform, as described in Section 5.
• 23.2Mid-Market Price: The arithmetic mean of the best available bid and ask prices for a given asset or Prediction Contract on the PressX platform order book at the relevant time, as displayed on the PressX trading interface.
• 23.3Payment Reversal: Has the meaning given in Section 9.8.1.
• 23.4Force Majeure Event: Has the meaning given in Section 18.
• 23.5KYC: Know Your Customer — the process of verifying the identity of users to comply with AML and financial crime prevention law.
• 23.6AML: Anti-Money Laundering — laws and procedures designed to prevent the use of financial systems for money laundering.
• 23.7CTF: Counter-Terrorism Financing — laws and procedures designed to prevent the financing of terrorism through financial systems.
• 23.8FATF: Financial Action Task Force — the international body that sets global standards for combating money laundering and terrorist financing.
• 23.9PEP: Politically Exposed Person — an individual who holds or has held a prominent public function, including heads of state, government ministers, senior officials, judges, and military officers, together with their immediate family members and close associates.
• 23.10Services: All products, features, and services provided by PressX as described in these Terms, including exchange services, prediction market services, custodial wallet services, staking, fiat deposit and withdrawal, and API access.
• 23.11Manifest Error: An obvious and demonstrable mistake in the determination of a Prediction Contract resolution outcome or trade execution price, being an error that is verifiably incorrect by reference to the specified resolution source or order book data, and not merely a result that a party considers unfavourable.
• 23.12Cold Storage: Offline, air-gapped cryptocurrency wallets that are not connected to the internet and are secured with multi-signature controls, used to hold the substantial majority of customer digital assets.