Terms of Service
Effective2025-10-13
These Terms of Service (“Terms”) govern your access to and use of the Versus platform (“we,” “us,” or “our”) — an AI conversation service authenticated via crypto wallet. By accessing or using the service, you agree to these Terms.
Acceptance of Terms
Welcome to Versus, an opinion-based prediction market platform where anyone can create and participate in markets built around ideas and beliefs. By accessing or using Versus (the “Platform”), you acknowledge that you have read, understood, and agree to be bound by these Terms of Service (“Terms”), including any annexes or documents referenced herein, which form an integral part of these Terms. If you do not agree with any part of these Terms, you must not use the Platform. These Terms form a binding agreement between you and the operators of Versus (“we,” “us,” or “our”). Versus reserves the right to update or modify these Terms at any time. We will provide notice of any material changes (for example, via the Platform or by email). Continued use of the Platform after such changes become effective constitutes your acceptance of the updated Terms.
Description of Service
Versus is an opinion-based prediction market platform where participate in markets built around ideas and beliefs. Users can take positions on opposing sides (YES/NO) of debates and questions. The platform aggregates user opinions and evaluates them through an AI-powered resolution system. Outcomes are determined based on the persuasive strength and support that each side has gained throughout the market lifecycle.
User Registration and Account
To use Versus features (such as creating markets or participating in debates), you need to register an account through X (formerly Twitter). Versus uses Magic Labs to securely manage authentication and wallet creation. When you sign up or log in with your X account, a unique Versus account and wallet are automatically generated and linked to your X identity. By registering through Magic Labs, you agree to Magic Labs’ terms of service and acknowledge that your wallet is provided in a secure, self-custodial manner. You are solely responsible for maintaining the security of your login credentials and for all activities that occur under your Versus account or wallet.
Fees and Payment Terms
The service is currently free to access. Trading and participation may involve certain fees, which will be clearly disclosed to users through the Platform interface before any transaction. Versus reserves the right to introduce or modify fees in the future. Any fee changes will be communicated in advance through the Platform, and will apply only to future activities.
User Conduct and Acceptable Use
By using Versus, you agree to abide by the following rules and not engage in any prohibited activities:
  • Lawful Purposes Only: You will use the Platform only for purposes that are legal, proper, and in accordance with these Terms. You may not use Versus for any unlawful activity, including but not limited to fraud, harassment, or any activity that violates applicable laws or regulations.
  • No Manipulation or Fraud: You must not engage in fraudulent, deceptive, or manipulative activities on the Platform. This includes market manipulation, collusion to create artificial activity or distort prices, or any other behavior intended to deceive other users or distort the natural outcome of a market. You also must not exploit any vulnerabilities or bugs in the Platform to gain unfair advantage.
  • Respect Others: You agree to engage respectfully with other users. Do not harass, bully, spam, or impersonate any person or entity. Do not misrepresent your affiliation or identity.
  • Account Security: You are responsible for maintaining the security of your wallet credentials and login information. You must not share or sell your account to anyone, and not use another user's account without permission.
Service Rules and Dispute Resolution
Participation: Once a market is listed, users can participate by taking positions or contributing opinions and discussions. You should carefully review market details before participating. You are responsible for understanding the market terms and the resolution process. Outcome Resolution: Markets will be resolved through Versus's evaluation system, which analyzes various factors to determine the outcome. By participating in Versus markets, you agree that the outcome determined by our resolution system is final and binding. You waive any right to pursue external legal action to contest a market outcome – the resolution of markets is handled solely through our Platform's evaluation system. Rewards: Users who contribute high-quality content may receive rewards based on the quality and impact of their contributions. Reward distribution methods and criteria are determined by the Platform. No Guarantee of Accuracy: While we strive for fair and consistent market resolutions, Versus does not guarantee that the resolution process will be error-free. By using Versus, you accept the risk that a market could be resolved in a manner you perceive as unfavorable.
Intellectual Property
Platform IP: The Versus website, brand, and associated software are protected by intellectual property laws. We (or our licensors) own all rights, title, and interest in the Platform's code, design, logos, trademarks, and content we have created. User Content: The markets, positions, comments, and other content that users create on the Platform remain the property of the users who create them. However, by posting or creating content on Versus, you grant us a worldwide, royalty-free, sublicensable license to use, copy, modify, display, and distribute that content as needed to operate the Platform. Feedback: If you provide us with suggestions or feedback about Versus, you agree that we may use and implement those ideas without any compensation or obligation to you.
Disclaimer of Warranties
Service Provided "As Is": The Versus Platform is provided on an "as is" and "as available" basis. To the maximum extent permitted by law, Versus disclaims all warranties of any kind, whether express, implied, or statutory, including but not limited to any warranties of accuracy, reliability, availability, merchantability, fitness for a particular purpose, or non-infringement. Informational Purposes Only: All information and content provided by Versus are for informational and educational purposes only. Markets on Versus reflect aggregated opinions and beliefs of users, not statements of fact by Versus. We do not guarantee that any outcomes or evaluations on the Platform will accurately predict real-world events or opinions. No Fiduciary Duty: Versus does not owe you any fiduciary duties. We do not act as your advisor or agent. You are solely responsible for evaluating your own risk tolerance and making your own decisions. Technology and Security: We are not responsible for user errors such as losing control of your credentials, sending information to wrong addresses, or misinterpreting market terms. We may need to periodically restrict access for maintenance or updates, and we do not guarantee the platform will be available 24/7.
Limitation of Liability
To the fullest extent permitted by applicable law, in no event shall Versus or its developers, founders, affiliates, employees, agents, or partners be liable for any indirect, incidental, special, consequential, or exemplary damages, or for any loss of profits, revenues, data, or other intangible losses, arising out of or relating to your access to or use of (or inability to use) the Platform.
Indemnification
You agree to indemnify, defend, and hold harmless Versus, its affiliates, and their respective officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) that arise from or relate to: (a) your use or misuse of the Platform; (b) your violation of these Terms or any applicable law or regulation; (c) your infringement of any third-party rights in connection with your use of Versus; or (d) any content you create or actions you take on the Platform.
Termination
Suspension or Termination by Versus: We may suspend, restrict, or terminate your access to the Platform at any time, with or without cause, and with or without prior notice, under circumstances including: • If you violate any provision of these Terms • If your use of the Platform exposes us to legal risk or regulatory action • If unexpected technical or security issues occur • If we decide to discontinue or substantially modify the Platform Your Right to Stop Using: You may stop using Versus at any time by disconnecting your account and ceasing to visit the Platform. No Liability for Termination: Versus shall not be liable to you or any third party for any termination or suspension of your access to the Platform under these Terms.
General Provisions
Entire Agreement: These Terms constitute the entire agreement between you and Versus regarding the Platform and supersede any prior agreements or understandings. Severability: If any provision of these Terms is held to be invalid or unenforceable, that provision shall be enforced to the maximum extent permissible, and the remaining provisions will remain in full force and effect. No Waiver: Our failure to exercise any right under these Terms shall not operate as a waiver thereof. Force Majeure: Versus shall not be liable for any delays or failure in performance resulting from events beyond our reasonable control, including acts of God, war, natural disasters, pandemic, power or internet outages, or governmental actions. Notices: Versus may provide notices to you through the Platform or via email. You are responsible for keeping your contact information current. Contact Information: If you have any questions about these Terms or the Versus Platform, you can contact us at: hey@vs.xyz