BATBET RISK DISCLOSURE STATEMENT

Notice: this Risk Disclosure Statement ("Statement") contains important information that must be read carefully before you decide to use our platform or invest in tokens or other cryptocurrency assets. This document does not constitute financial or legal advice, and all users are required to independently assess the risks associated with using the platform and making investments.

1. Introduction

BatBet (hereinafter referred to as the "Platform," "we," "us," or "our") provides users with access to online services related to betting, cryptocurrency transactions, token use, and other products. Users must understand that the use of our services and investment in tokens involves certain risks. This Risk Disclosure Statement outlines the key risks that may arise during your interaction with our Platform, as well as potential financial and legal risks that may affect you as a user or investor.

2. Description of Risks

2.1 Risks Related to Cryptocurrencies and Tokens

• High Volatility of Cryptocurrencies

  Cryptocurrencies, including tokens used on our platform, are highly volatile. The value of tokens can fluctuate sharply and unpredictably, increasing the risk of losses. Investors may experience significant losses due to changing market conditions.

• Lack of Regulation

  Cryptocurrencies and tokens on the platform may not be subject to official government regulation in various jurisdictions. This means your investments may be affected by changes in legislation, including potential efforts to strengthen cryptocurrency regulation.

• Liquidity Risks

  Despite the high interest in cryptocurrencies, market liquidity may be limited. This could make it difficult to buy or sell tokens at the desired price or within the required time frame.

• Security Risks

  Hacker attacks, wallet breaches, and vulnerabilities in smart contracts may result in the loss of your tokens or cryptocurrency. While we implement security measures, we cannot guarantee the absolute security of all transactions.

• Technical Risks

  Systems and technologies used for issuing tokens and managing crypto-assets may experience technical failures. Issues with the platform, software, blockchain, or smart contracts may affect transaction execution or access to your tokens.

2.2 Risks Related to the Platform and Use of Services

• Legal Uncertainty

  Laws and regulations concerning cryptocurrencies and online betting may vary significantly across jurisdictions. If the legal framework in your jurisdiction changes, you may face restrictions or prohibitions on participating in betting or cryptocurrency operations.

• Platform and Content Risks

  We cannot guarantee uninterrupted operation of our Platform. In the event of technical failures or system disruptions, access to your bets, transactions, or other activities may be affected. We are not liable for any potential losses arising from such disruptions.

• Risks of Fraud and Manipulation

  Although we take all necessary measures to ensure fairness and integrity on the platform, some participants may attempt to manipulate or defraud the betting process, which may result in discrepancies between expected and actual outcomes.

• Disclaimer of Liability for User Losses

  All actions related to betting, investments, or other activities on the platform are carried out at the user's own risk. We are not responsible for any losses, damages, or other adverse consequences resulting from the use of our services.

• Changes to Terms of Use

  We reserve the right to modify the terms of use for the platform, tokens, and other financial products without prior notice. Such changes may affect your ability to participate in betting or conduct transactions.

2.3 Legal Risks

• Lack of Legal Protection

  Depending on the jurisdiction, cryptocurrencies, tokens, and online betting may not enjoy legal protection. Investors and users should understand that in case of disputes with the platform or other users, legal recourse may be limited or unavailable.

• AML/KYC Requirements

  We comply with Anti-Money Laundering (AML) principles and Know Your Customer (KYC) regulations. Users are required to provide accurate information and documentation when requested and complete the verification process. Failure to meet these requirements may result in account suspension or withdrawal restrictions.

• Legal Risks in International Transactions

  We cannot guarantee that our operations involving cryptocurrencies and tokens are fully legal in your jurisdiction. Investors and users are solely responsible for ensuring that their activities comply with local laws.

• Taxes and Fees

  Users are solely responsible for complying with tax obligations in their respective jurisdictions. We are not liable for any taxes related to winnings or income earned on the platform.

3. Conclusion

The use of the platform and investments in tokens carry numerous risks. You should carefully assess all potential risks and consult with professional financial and legal advisors before deciding to deposit funds, purchase tokens, or place bets.

We strongly advise all users and investors to understand that any activity conducted on the platform is done at their own risk, and they are fully responsible for all their actions, including any financial or legal consequences.

We shall not be held liable for any losses or expenses related to the use of our platform, tokens, or services. In the event of disputes, we will strive to resolve them in accordance with applicable laws, but the final decision and responsibility always rest with you.

Contact Information

If you have any questions or require additional information, please contact us: Email: legal@batbet.io

Disclaimer

By using our platform, you acknowledge that you have read and understood all the risks outlined in this document.