Risk Disclosure
Effective May 1, 2026
Important. This document discloses risks associated with the Prediction Partners Capital challenge program and with prediction markets generally. Please read it before paying for a challenge or trading on a funded account. If anything is unclear, email us before participating.
1. PPC is not regulated as a securities firm
PPC is a challenge-fee program. We are not a broker-dealer, registered investment adviser, futures commission merchant, designated contract market, or commodity pool operator. Nothing on the Site constitutes investment advice or a solicitation of any security or contract.
2. Challenge fees are at risk if you fail
The challenge fee is refunded with your first payout from a funded account if you pass and qualify. If you fail to meet the profit target, breach the daily or total drawdown rules, or otherwise do not qualify, you will lose the fee. Most challenges are not passed. You should treat the challenge fee as money you can afford to lose unless you do.
3. Simulated markets are not live markets
Trades placed on the challenge account are simulated. Pricing is derived from public Kalshi and Polymarket market data on a best-effort basis. Simulated fills, slippage, and timing may differ from what would have occurred on a live venue. Past performance on the challenge account is not indicative of future performance on a funded account or on any live venue.
4. Prediction markets carry market risk
The value of a position in a prediction market can fluctuate quickly and significantly. Prices can move against you between the time you place an order and the time it is filled. Markets can settle in ways that result in a 100% loss on the contracts you hold. You may incur large drawdowns within a single trading session, including drawdowns that breach the published daily or total limits and end your challenge.
5. Liquidity, settlement, and venue risk
Prediction-market liquidity varies widely by event. Spreads can be wide, depth can be thin, and markets can pause or be cancelled by the underlying venue. Settlement disputes, oracle failures, and venue outages can affect outcomes. PPC has no control over Kalshi, Polymarket, or any other underlying venue and is not responsible for actions taken by those venues.
6. Operational and technology risk
The Site and the challenge engine depend on third-party services (hosting, market data, authentication, payments). Outages, latency, or data errors in any of these can affect your challenge experience. We aim to keep the Site reliable, but we do not warrant uninterrupted or error-free operation.
7. Funded-account risk
A funded account, if granted, remains the property of PPC. The trading rules, profit split, and payout schedule for the funded account are described on the relevant tier and challenge pages. Breach of those rules can result in loss of the funded account and forfeiture of unpaid profits.
8. Tax and personal circumstances
Any payouts from a funded account may have tax consequences in your jurisdiction. PPC does not provide tax, legal, or financial advice. You should consult your own advisers about how the program fits with your personal circumstances.
9. Eligibility and prohibited jurisdictions
You must be at least 18 years old (or the age of legal majority in your jurisdiction, whichever is greater) and a resident of a jurisdiction that permits participation. It is your responsibility to determine whether the program is legal where you live.
10. Acknowledgement
By creating an account, joining the waitlist, or paying a challenge fee, you confirm that you have read and understood this Risk Disclosure, that you accept the risks described, and that you are not relying on PPC for advice about whether participation is suitable for you.
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