Terms of Service
The rules and conditions for using Social Parlay
Last updated: August 4, 2026
The Basics
Acceptance of Terms
By connecting a wallet to Social Parlay or otherwise using the platform, you agree to be bound by these Terms of Service and our Privacy Policy. If you do not agree, do not use the platform.
What Social Parlay Is
Social Parlay is a decentralized prediction market platform for professional golf tournaments, built on the Solana blockchain. Users trade positions on tournament outcomes using USDC, with market-driven odds and automated on-chain settlement. Funds in your connected wallet are always under your sole control. When you deposit, funds move into a per-user program account on Solana that the platform operates on your behalf for trading and settlement. Withdrawals can only be sent back to your own wallet address, and you can withdraw non-active funds — those not committed to open orders or positions — at any time.
Eligibility
To use Social Parlay you must:
- Be at least 18 years old (or the age of majority in your jurisdiction, if higher)
- Have the legal capacity to enter into these terms
- Not be located in a jurisdiction where use of prediction markets is prohibited
- Not be subject to sanctions or listed on any prohibited-parties list
Legality of prediction markets varies by jurisdiction. You are solely responsible for ensuring your use of the platform complies with the laws that apply to you.
Your Wallet & Your Responsibility
Wallet Security
Your Solana wallet is your identity and your vault. You are solely responsible for safeguarding your private keys and recovery phrase. Social Parlay never has access to them and cannot recover a lost wallet or reverse transactions signed by your wallet. Anyone with your recovery phrase controls your funds.
Assumption of Risk
Trading on prediction markets involves substantial risk. By using the platform you acknowledge:
- You can lose the entire amount you commit to a position
- Market prices fluctuate based on trading activity and can move against you
- Blockchain transactions are irreversible once confirmed
- Digital assets (SOL, USDC) carry their own volatility and technology risks
- Smart contracts, like all software, may contain undiscovered defects
Never commit funds you cannot afford to lose.
Prohibited Conduct
You agree not to:
- Use the platform for money laundering or any unlawful purpose
- Manipulate markets, including wash trading or coordinated price manipulation
- Exploit bugs or vulnerabilities — report them to us instead
- Use bots or automation to gain unfair advantage over other traders
- Circumvent geographic or eligibility restrictions
- Harass or abuse other users in comments, the trollbox, or elsewhere
We may suspend or ban accounts that violate these rules.
Markets, Fees & Settlement
Market Operation
Markets open and close on schedules tied to tournament timing. Odds are determined by market activity, not by Social Parlay. We may pause, close, or void a market when circumstances require it — for example, a cancelled tournament, a data provider outage, or suspected manipulation. Voided markets are refunded per the market's rules.
Fees
Platform fees are disclosed at the time of each transaction. Solana network fees (gas) apply to every on-chain transaction and are paid to the Solana network, not to Social Parlay. Fee structures may change; changes apply prospectively, never to positions already placed.
Settlement & Results
Markets settle based on official tournament results from our data providers. Settlement outcomes determined from official results are final. If a data error causes an incorrect settlement, we will make reasonable efforts to correct it, but on-chain transactions already executed may not be reversible.
Legal Terms
Disclaimers
The platform is provided "as is" and "as available," without warranties of any kind, express or implied. We do not warrant that the platform will be uninterrupted, error-free, or secure, or that data feeds will be accurate or timely. Nothing on the platform constitutes financial, investment, or legal advice.
Limitation of Liability
To the maximum extent permitted by law, Parlay Social Inc. and its officers, employees, and affiliates are not liable for any indirect, incidental, consequential, or punitive damages, or for lost profits, arising from your use of the platform — including losses from trading, network outages, wallet compromise, or blockchain failures. Our total liability for any claim is limited to the fees you paid to us in the twelve months preceding the claim.
Termination
You may stop using the platform at any time — funds in your wallet are unaffected, and you can withdraw any non-active deposited funds back to your wallet whenever you choose. We may suspend or terminate platform access for violations of these terms, suspected fraud, or where required by law.
Changes to These Terms
We may update these Terms of Service from time to time. When we make material changes, we will update the "Last updated" date at the top of this page. Continued use of the platform after changes take effect constitutes acceptance of the revised terms.
Contact Us
If you have questions about these terms, message us through the Help & Support chat widget — it's available on every page.