1. Nature of Vault Accounts

Vault evaluation accounts use simulated capital. During the evaluation phase, all trading activity is paper-trading — no real money changes hands on the underlying markets. Upon passing an evaluation, Vault may grant access to a funded account from which real profit-sharing payouts are made based on simulated performance.

Vault is a prop-firm evaluation service, not a brokerage, financial exchange, or investment fund. Vault does not hold client funds in regulated custody.

2. Prediction Market Risk

Prediction markets derive value from the probability of future events. These markets are inherently speculative and subject to:

• Event risk — outcomes are binary and uncertain; positions can expire worthless
• Liquidity risk — some markets may have wide spreads or limited order depth
• Information risk — news, leaks, or data releases can cause sudden price moves
• Resolution risk — markets may resolve differently than expected due to ruleset interpretation
• Platform risk — technical outages on underlying platforms (Polymarket, Kalshi) may affect data availability

3. Evaluation Account Risk

Evaluation accounts are subject to strict drawdown rules. A single adverse trading session can permanently breach these limits and render the account ineligible. Specifically:

• The daily loss limit applies to unrealised positions at market close and cannot be recovered intraday
• The trailing drawdown is calculated from your peak equity, not your starting balance — profits increase the floor
• Once an account is breached, it cannot be reinstated without purchasing a reset or a new evaluation

4. No Investment Advice

Nothing on the Vault platform, including market data, probability displays, trader performance metrics, or community content, constitutes investment advice, financial advice, or a recommendation to trade any particular market. You are solely responsible for your trading decisions.

5. Fee Risk

Evaluation fees are non-refundable once an account has been accessed. If you breach the evaluation rules, you will not receive a refund of your evaluation fee. You bear the full cost of any failed evaluations.

6. Payout Risk

Vault processes payouts from operating revenue. While we maintain sufficient reserves to cover all outstanding funded-account obligations, there is no government-backed guarantee of payouts. Payouts are subject to compliance approval, tax-form verification, and KYC clearance.

7. Regulatory Risk

Prediction markets operate in an evolving regulatory environment. Changes in applicable laws in your jurisdiction (or the jurisdictions where underlying markets operate) may affect your ability to participate in Vault or access certain markets. It is your responsibility to ensure participation is lawful in your jurisdiction.

8. Technology Risk

• Platform downtime or bugs may prevent order execution during critical periods
• Data from third-party market feeds may be delayed, incorrect, or temporarily unavailable
• Browser or network failures may result in unintended open positions

Vault is not liable for losses arising from technology failures beyond our reasonable control.

9. Tax Risk

Profits received from Vault may be subject to income tax, capital gains tax, or other levies in your jurisdiction. It is your responsibility to understand and comply with your local tax obligations. Vault will provide relevant tax documentation (1099 or equivalent) as required by applicable law but does not provide tax advice.

10. Acknowledgement

By creating an account and purchasing an evaluation, you acknowledge that:

• You have read and understood this Risk Disclosure in full
• You understand that your evaluation fee may be lost in full
• You accept sole responsibility for your trading decisions
• You have independently assessed whether participation is appropriate for your financial situation