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FEES, PAYMENTS AND TAXES

Transparency is core to our operations. By accessing the Platform and executing transactions, you acknowledge and consent to the following fee structure, which is automatically deducted or paid at the time of the transaction.

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A. Platform Trading Fees

  • Standard Fee: A flat service fee of 1.00% (or such other rate as prominently displayed on the trading interface) is applied to the notional value of every trade executed via the Platform.

  • Calculation: This fee is calculated based on the total volume of the trade (e.g., if you buy $100 worth of Outcome Tokens, a $1.00 fee is deducted).

  • Deduction Method: The fee is automatically deducted from the input asset (e.g., USDC) before the swap is executed or from the output asset after the swap, depending on the specific smart contract route used.

  • No Refunds: Trading fees are collected for the service of order routing and aggregation. They are non-refundable once a trade is successfully executed on the blockchain.

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B. Blockchain Network Fees ("Gas")

  • Validator Payments: You acknowledge that every transaction on the blockchain (including Approvals, Swaps, Splits, Merges, and Transfers) requires the payment of "Gas" fees.

  • Third-Party Recipient: These fees are paid directly to network validators (miners/stakers) to secure the block. Whale Prediction does not receive, control, or profit from Gas fees.

  • Dynamic Pricing: Gas fees fluctuate based on network congestion. The Platform provides an estimate of the Gas fee, but the final cost is determined by the network at the moment of execution.

  • Failed Transactions: If a transaction fails (e.g., due to slippage or insufficient funds), the network still consumes Gas to process the attempt. You are solely responsible for these costs, and we cannot refund Gas for failed transactions.

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C. Underlying Venue & Settlement Fees

Because we aggregate liquidity from third-party protocols, you may be subject to fees imposed directly by those Underlying Venues.

  • Redemption/Settlement Fees: Some prediction markets (e.g., Polymarket) may charge a fee upon the resolution of a market or the redemption of winning shares. These fees are "passed through" to you directly by the smart contract.

  • Liquidity Provider Fees: When executing against a liquidity pool (AMM), a portion of your trade value (typically 0.3% - 1%) serves as a fee paid to liquidity providers. This is embedded in the execution price (slippage) and is not a fee charged by Whale Prediction.

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D. Fee Changes

  • Right to Modify: We reserve the right to adjust our Platform Trading Fee at any time. Any changes will be updated in these Terms and prominently displayed on the Interface before you sign a transaction.

  • Grandfathering: Fee changes will not apply retroactively to trades executed before the effective date of the change.

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E. Taxes

  • User Responsibility: You are solely responsible for determining what, if any, taxes apply to your trading activities.

  • No Reporting: Whale Prediction is a non-custodial interface and does not report user activity to tax authorities (such as the IRS or HMRC) unless strictly compelled by law. We do not provide tax forms (e.g., 1099-B).

  • Taxable Events: You acknowledge that trading crypto assets, including exchanging one token for another or redeeming winning shares, is likely a taxable event in your jurisdiction.

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