PrivacyPolicy

We collect information in several categories to provide and improve our services:

Information You Provide

Information Collected Automatically

We use your information for the following purposes:

We may share your information with the following parties:

Service Providers

We engage trusted third-party service providers who assist in operating our Platform, including:

• Identity verification providers
• Cloud hosting and infrastructure providers
• Analytics and monitoring services
• Customer support platforms
• Email and communication services

These providers are contractually bound to use your information only for the services they provide to us and are required to maintain appropriate security measures.

Legal and Regulatory

We may disclose information when required to:

• Comply with applicable laws, regulations, or legal processes
• Respond to lawful requests from government authorities
• Protect the rights, property, or safety of BitNile Prediction Market, our users, or others
• Enforce our Terms of Service

Business Transfers

In the event of a merger, acquisition, or sale of assets, your information may be transferred as part of that transaction. We will notify you of any such change and your options regarding your information.

When you execute RFQs on BitNile Prediction Market, the following information is recorded on the public blockchain:

• Your wallet address
• Transaction amounts and timestamps
• Position contracts held (ERC-1155 tokens)
• RFQ executions and settlements
• Market resolution evidence hashes (stored on IPFS)

While your wallet address is pseudonymous, it can potentially be linked to your identity through various means, including blockchain analysis or public associations you make.

We cannot delete or modify blockchain data. Once a transaction is confirmed on the blockchain, it is permanent and publicly accessible. This is a fundamental characteristic of blockchain technology, not a policy choice.

Off-chain data (such as your email address and detailed trading analytics) is stored privately and is subject to our data retention and deletion policies.

We implement comprehensive security measures to protect your personal information from unauthorized access, alteration, disclosure, or destruction:

While we take extensive measures to protect your data, no system is 100% secure. We encourage you to use strong, unique passwords and enable all available security features on your account.

We retain your information for different periods depending on the type and purpose:

Certain data may be retained longer if required by law, necessary to resolve disputes, enforce agreements, or for legitimate business purposes.

Depending on your jurisdiction, you may have the following rights regarding your personal information:

To exercise these rights, please contact us at [email protected]. We will respond to your request within 30 days.

We use cookies and similar technologies to enhance your experience on the Platform:

You can manage cookie preferences through your browser settings. Note that disabling certain cookies may affect Platform functionality.

Your information may be transferred to and processed in countries other than your country of residence. These countries may have different data protection laws.

When we transfer data internationally, we ensure appropriate safeguards are in place, such as:

• Standard Contractual Clauses approved by relevant authorities
• Adequacy decisions recognizing equivalent data protection standards
• Certification mechanisms and binding corporate rules
• Your explicit consent where required

By using the Platform, you consent to the transfer of your information to countries outside your jurisdiction, subject to appropriate safeguards.

The Platform is not intended for individuals under 18 years of age (or the age of majority in their jurisdiction). We do not knowingly collect personal information from children.

If we become aware that we have collected personal information from a child without verification of parental consent, we will take steps to delete that information promptly.

If you believe we have inadvertently collected information from a minor, please contact us immediately at [email protected].

We may update this Privacy Policy from time to time to reflect changes in our practices, technology, legal requirements, or other factors.

When we make material changes, we will:

• Update the "Last Updated" date at the top of this policy
• Post a prominent notice on the Platform
• Send you an email notification (if you have an account)
• Provide at least 30 days notice before material changes take effect

Your continued use of the Platform after the effective date of any changes constitutes acceptance of the updated Privacy Policy.