Platform and Live Copy Trading Risk Disclosure

1. Purpose and no recommendation

This disclosure describes material risks of using Polytrade, but no disclosure can identify every risk. Polytrade does not determine whether trading or any leader is suitable for you. Rankings, labels, analytics, and historical results are not recommendations, promises, or regulatory approvals.

2. Prediction-market and contract risk

• A position may lose its entire purchase cost and related fees.
• Market prices can change suddenly because of news, low liquidity, manipulation, changing expectations, or contract interpretation.
• Resolution criteria, sources, deadlines, invalid-market rules, appeals, cancellations, and venue discretion may produce an outcome different from your expectation.
• Trading, settlement, withdrawals, or access may be delayed, restricted, geoblocked, or prohibited by law or venue policy.
• Concentrated, correlated, leveraged, or repeated positions can magnify losses. A high historical win rate can coexist with catastrophic downside.

3. Leader and follower divergence

A leader’s transaction and a follower’s transaction are independent. The follower detects activity only after some event has occurred and trades against whatever market remains. Differences can include price, number of shares, dollar size, timing, fees, order type, available depth, settlement, and exit behavior.

A leader may place a standing limit order that rests for minutes, hours, or longer and later fills. When Polytrade detects that fill, the follower may be unable to obtain the same price or any fill. The leader may also modify, hedge, offset, or trade through another wallet or venue that Polytrade does not observe. A profitable leader can therefore produce a losing follower.

4. Signal and execution risk

• Signals may be delayed, stale, missing, out of order, duplicated, or incorrectly classified.
• Orders may experience latency, slippage, price movement, partial fills, rejection, timeout, duplication, cancellation failure, or complete non-execution.
• A response may be lost even when an order reached a venue, creating uncertainty and possible duplicate submission during recovery.
• Partial entries or exits can leave unintended exposure. Available liquidity may disappear before execution.
• Fees, tick sizes, minimums, allowances, balances, nonce or signature rules, gas, and venue risk checks can change or prevent execution.
• External or manual trades can conflict with automated assumptions, consume balances, alter positions, and make Polytrade’s records inaccurate.

5. Stops, take-profit, limits, pauses, and notifications

Stop-loss, take-profit, daily-loss, maximum-exposure, maximum-slippage, signal-age, and related controls are best-effort software instructions. They are not guaranteed. A trigger may rely on delayed or unavailable prices; a submitted order may reject or fill only partly; a fast market may move through the selected level; and venue or network rules may prevent action.

Pausing Polytrade, disabling a followed wallet, revoking delegation, canceling a subscription, closing a browser, or losing connectivity does not necessarily cancel open orders, close positions, stop settlement, or prevent instructions already transmitted. Notifications may be late, missing, duplicated, or wrong and must not be your only monitoring method.

6. Outages and dependency risk

Detection, decisioning, signing, submission, cancellation, reconciliation, display, and notification depend on systems operated by Polytrade and third parties. Planned maintenance, overload, software defects, cyberattack, configuration error, data corruption, rate limits, API changes, chain congestion, forks, RPC failures, or outages at Polytrade, Privy, Polymarket, Kalshi, blockchain networks, internet providers, cloud providers, or data vendors can interrupt any stage. Recovery may occur after prices have moved or positions have changed.

7. Paper/live divergence

Paper trading is hypothetical and cannot reproduce every live condition. It may rely on snapshots, delayed or incomplete books, assumptions about queue position, fill probability, fees, price impact, cancellation, resolution, and latency. It does not place a real order that competes for liquidity. Live results may be substantially worse, and strong paper performance does not predict live performance.

8. Data, analytics, and record risk

Market data, wallet history, order state, balances, cost basis, PnL, ROI, drawdown, win rate, ranking, and tax-related exports may be delayed, incomplete, duplicated, incorrectly mapped, or wrong. Public wallet activity may omit context. Open positions may be marked using stale prices. Different systems may calculate PnL and fees differently. Polytrade records are not a substitute for venue confirmations, blockchain records, or professional tax and accounting records.

9. Wallet, authorization, and security risk

A delegated signer or policy can permit transactions without a new approval prompt for each order. Compromise of your account, device, email, authentication method, wallet provider, Polytrade, a signer, or an integration can lead to unauthorized activity. Revocation can be delayed or incomplete across systems and does not reverse completed transactions. Smart contracts, wallet software, signatures, and networks can contain defects or vulnerabilities.

Privy or another provider’s role does not make that provider responsible for Polytrade’s own unauthorized acts, gross negligence, willful misconduct, misleading disclosures, or non-waivable duties. No security design eliminates all risk.

10. Legal, regulatory, eligibility, and tax risk

Prediction-market laws and venue access rules vary and can change. You may become ineligible based on location, sanctions, identity, market type, or venue policy. KYC or approval by a venue does not automatically satisfy Polytrade’s independent obligations or confirm that your use of Polytrade is lawful. Geoblocks and sanctions restrictions apply.

Regulatory treatment and tax consequences may be uncertain. Disclaimers do not eliminate any obligation BIVEX may have under the Commodity Exchange Act, CFTC or NFA rules, state law, or other applicable law. Seek qualified legal and tax advice for your circumstances.

11. Your monitoring duty

You must monitor venue accounts, wallets, balances, open orders, fills, positions, delegation status, and Polytrade audit records; keep sufficient balances and secure access; investigate discrepancies promptly; and maintain a way to act directly at each venue. Check status after every material configuration change, suspected outage, subscription change, or revocation. If records conflict, treat venue and final blockchain records as operationally important and contact support.

12. Acknowledgment

By enabling live execution, you acknowledge that you understand these risks, that no leader result or Polytrade control guarantees your result, and that you can sustain a full loss of funds committed. This acknowledgment does not waive liability or rights that cannot lawfully be waived and does not excuse BIVEX’s unauthorized acts, gross negligence, willful misconduct, misleading disclosures, or non-waivable duties.