Terms of Service

These Terms of Service (“Terms”) govern your access to and use of the SportStake platform, including all websites, mobile applications, application programming interfaces (APIs), software, and related services (collectively, the “Platform”). The Platform is operated by Rakota Inc. (“SportStake,” “we,” “us,” or “our”), which provides skill-based fantasy sports contests. By accessing or using the Platform in any manner, including by creating an account, depositing funds, submitting entries, or withdrawing funds, you acknowledge that you have read, understood, and agree to be bound by these Terms, our Privacy Policy, and all contest rules, disclosures, and guidelines made available through the Platform. If you do not agree to these Terms, you must not access or use the Platform.

1. Company Identity and Platform Ownership

SportStake is a registered trade name (“DBA”) of Rakota Inc, a corporation organized under the laws of the State of Delaware (“Rakota,” “Company,” “we,” “us,” or “our”). Rakota Inc owns and operates:

• The website located at sportstake.co
• The SportStake mobile application
• All associated subdomains
• Application programming interfaces (APIs)
• Software systems
• Data feeds
• Customer accounts
• All related services

(collectively, the “Platform”). All intellectual property, software architecture, scoring systems, contest formats, branding, and proprietary systems are owned or licensed by Rakota Inc.

2. Binding Agreement and Acceptance

These Terms constitute a legally binding agreement between you (“User,” “you,” or “your”) and Rakota Inc. By:

• Accessing the Platform
• Creating an account
• Depositing funds
• Entering a contest
• Withdrawing funds
• Clicking “I Agree”

you acknowledge and agree to be bound by: These Terms of Service, the Privacy Policy, Contest Rules, Cancellation & Refund Policy, and Responsible Participation Policy. If you do not agree, you must immediately cease use of the Platform. Electronic acceptance has the same force and effect as a physical signature.

3. Nature of the Platform and Skill-Based Structure

The following subsections describe the skill-based nature of the Platform.

3.1 Skill-Based Contests

The Platform provides skill-based fantasy sports contests in which Users make selections based on real-world athlete performance.

3.2 Determination of Outcomes

Contest outcomes are determined exclusively by: Objective real-world statistical performance and official data feeds from recognized third-party providers. No randomization, simulated outcomes, house-controlled odds, or chance-based mechanisms determine results.

3.3 No House Participation

Rakota Inc:

• Does not compete against users
• Does not set outcomes
• Does not manipulate results
• Does not alter statistical performance

3.4 No Financial Advice

The Platform does not provide financial, investment, wagering, or legal advice. Participation involves risk. Users may lose entry fees.

4. Eligibility and Ongoing Verification

4.1 Minimum Age

You must be:

• At least 18 years old
• At least 19 years old if physically located in Nebraska

4.2 Jurisdiction

You must be physically located in a jurisdiction where participation in skill-based fantasy contests is lawful. Use of VPNs, proxy services, or geolocation masking is strictly prohibited. Participation in SportStake’s Contests are legal (i.e. permissible) within the following states: (1) Alaska; (2) California; (3) Georgia; (4) Kentucky; (5) Minnesota; (6) Nebraska (19+); (7) New Mexico; (8) North Carolina; (9) North Dakota; (10) Oklahoma; (11) Oregon; (12) Rhode Island; (13) South Carolina; (14) South Dakota; (15) Texas; (16) Utah; (17) Wisconsin; and (18) District of Columbia.

4.3 Ongoing Verification

Rakota Inc may require: Identity verification, government-issued ID, proof of address, geolocation confirmation, and payment method validation. Failure to complete verification may result in: Deposit restrictions, withdrawal delays, account suspension, or permanent termination. Eligibility is continuous and may be reassessed at any time.

5. Account Creation and Security

Each individual may maintain only one account. You are responsible for: Maintaining confidentiality of credentials, all activity conducted under your account, and promptly notifying us of suspected unauthorized access. Rakota Inc may suspend accounts if we detect: Multiple accounts, shared credentials, fraud risk, or compliance concerns.

6. Deposits, Funds, and Financial Handling

The following subsections govern deposits and treatment of user funds.

6.1 Deposits

Deposits may be made only through approved third-party payment processors. Rakota Inc: Is not a bank, does not offer credit, does not insure deposits, and does not pay interest.

6.2 Nature of User Funds

Funds held in user accounts: Are maintained for contest participation purposes, are not investment accounts, are not escrow accounts, and do not constitute a deposit relationship. Funds may be commingled in operational accounts subject to accounting controls.

6.3 Segregation of Cash and Promotional Balances

User accounts maintain two distinct balance types: (a) cash balance, consisting of deposited funds and withdrawable winnings, and (b) promotional balance, consisting of promotional credits, bonuses, and incentive funds. Each contest entry must be funded from a single balance type. The Platform does not permit, and the Platform API will reject, any entry attempt that combines cash and promotional credits within a single entry. Users must designate the funding source at the time of entry submission.

7. Withdrawals and Compliance Review

Withdrawals are subject to: Identity verification, fraud review, AML review, and payment processor requirements. Rakota Inc may delay withdrawals where reasonably necessary to: Investigate suspicious activity, prevent fraud, or comply with regulatory obligations. We may require withdrawals to be returned to the original funding source. Only cash balance is eligible for withdrawal; promotional balance is not withdrawable except as converted to cash under Section 8.9.

8. Inactive Accounts, Administrative Fees, Bonus Expiration, and Unclaimed Property

8.1 Definition of Inactive Account

An account will be considered “Inactive” if the user has not:

• Logged into the Platform, and
• Entered a contest, deposited funds, or requested a withdrawal

for a continuous period of twelve (12) months. Inactive status does not affect ownership of funds.

8.2 Advance Notice

At least thirty (30) days prior to assessing any administrative inactivity fee, Rakota Inc will send written notice to the email address associated with the account. The notice will include:

• The date inactivity began
• The date administrative fees may begin
• Instructions to reactivate the account

No fee will be assessed if the account is reactivated during the notice period.

8.3 Administrative Inactivity Fee

If an account remains inactive after the notice period:

• An administrative fee of $5.00 USD per month may be deducted from the available cash balance.
• Fees will begin no earlier than thirteen (13) months after the last account activity.
• Fees apply only to cash funds held in the user’s account balance.
• Administrative fees are intended solely to offset account maintenance and administrative costs associated with prolonged inactivity.

8.4 $10 Minimum Balance Protection

Administrative inactivity fees will never reduce a user’s cash balance below ten dollars ($10.00 USD). If the account balance is $10.00 or less:

• No further administrative fees will be assessed.
• The remaining balance will be preserved unless otherwise required by law.

Under no circumstances will the account balance become negative.

8.5 No External Charges

Rakota Inc will never charge:

• Credit cards
• Debit cards
• Bank accounts
• Any external payment method

for inactivity fees. Only funds already maintained within the Platform balance may be deducted.

8.6 Reactivation

Any of the following will immediately restore active status and halt future inactivity fees:

• Logging into the Platform
• Entering a contest
• Depositing funds
• Requesting a withdrawal

8.7 Extended Inactivity and Unclaimed Property

Rakota Inc complies with all applicable unclaimed property laws. If an account remains inactive for the statutory abandonment period required under applicable law:

• Remaining balances may be reported and remitted to the appropriate governmental authority.
• Users must recover such funds directly from the applicable unclaimed property agency.

Administrative fees will not be assessed once an account becomes reportable under applicable unclaimed property statutes.

8.8 Promotional Bonus Funds Expiration

Promotional credits, bonus funds, or incentive balances are separate from user-deposited cash funds. Unless otherwise specified:

• Promotional bonus funds expire three (3) months after issuance if unused.
• Expired promotional credits will be automatically removed.
• Promotional credits have no cash value and are not withdrawable except as converted to cash under Section 8.9.
• Promotional credits are not subject to unclaimed property laws.
• Bonus expiration is independent of inactivity status.
• Promotional credits may not be used to redeem, claim, or unlock any promotion, offer, or incentive that requires usage of funds to redeem. Only cash balance may be applied toward such promotional requirements.

8.9 1x Playthrough Requirement

All deposited cash funds and all winnings derived from contest entries funded with promotional credits are subject to a one-time (1x) playthrough requirement before becoming withdrawable. The playthrough requirement applies as follows:

Cash Deposits:

• Deposited cash funds must be wagered in at least one (1) contest entry before any cash balance becomes eligible for withdrawal.
• If the contest entered with deposited cash wins, the resulting winnings are fully withdrawable cash.
• If the contest entered with deposited cash loses, the deposit is consumed and no further action applies.

Promotional Credits and Bonus Winnings:

• If a contest entered with promotional credits loses, the credits are consumed and no further action applies.
• If a contest entered with promotional credits wins, the winnings are credited to the user’s cash account but are subject to a 1x playthrough requirement before becoming withdrawable.
• If the subsequent contest funded by bonus-derived winnings wins, those winnings are fully withdrawable cash.
• If the subsequent contest funded by bonus-derived winnings loses, the funds are consumed.

General Rules:

• Original promotional credit principal is never withdrawable under any circumstances.
• Playthrough progress is forfeited if the underlying bonus funds expire under Section 8.8.
• Each unit of funds requires only one (1) qualifying contest entry to satisfy playthrough; no minimum entry fee or odds threshold applies unless separately disclosed.

9. Contest Rules and Settlement Authority

Each contest discloses: Entry fee, prize pool, scoring method, and lock time. Rakota Inc reserves authority to: Correct obvious pricing errors, adjust scoring upon official stat corrections, void contests due to system failures, and cancel contests required by regulatory directive. Entry submissions that violate the single-funding-type requirement set forth in Section 6.3 will be rejected at the API and application layer and will not constitute a valid contest entry.

10. Data Providers and Statistical Integrity

Statistical data is obtained from third-party providers. Rakota Inc is not responsible for: Data feed interruptions, latency, or provider corrections. Official provider corrections may result in score recalculations.

11. Prohibited Conduct

Prohibited conduct includes:

• Automation
• Bots
• Scraping
• Collusion
• Chip-dumping
• Geolocation circumvention
• Identity misrepresentation
• Attempts to circumvent the funding-type separation set forth in Section 6.3

Enforcement may include: Entry voiding, forfeiture, account freezing, and reporting to authorities.

12. Investigations and Enforcement Discretion

Rakota Inc may conduct investigations into: Suspicious activity, fraud risk, and compliance concerns. We may cooperate with: Payment processors, law enforcement, and regulators. Enforcement decisions are final and discretionary.

13. Beta Status and Service Interruptions

During beta operation: Features may change, contests may be removed, and access may be restricted. We do not guarantee uninterrupted service.

14. Intellectual Property

All Platform components are proprietary to Rakota Inc. No user acquires ownership rights. Reverse engineering is prohibited.

15. Responsible Participation

We encourage responsible engagement. We may provide: Deposit limits, cooling-off periods, and self-exclusion tools. We may suspend accounts where behavior suggests risk.

16. Taxes

Users are solely responsible for tax obligations. Rakota Inc may issue required tax forms.

17. Disclaimers

Platform provided “as is.” We disclaim: Merchantability, fitness for purpose, and non-infringement.

18. Limitation of Liability

To the fullest extent permitted by law: Total liability shall not exceed the greater of: $250 or total user fees paid in the prior three (3) months. We are not liable for indirect or consequential damages.

19. Arbitration and Class Action Waiver

All disputes shall be resolved by binding arbitration administered by the American Arbitration Association. Users waive: Jury trial, class action participation, and representative proceedings. Arbitration shall occur in Delaware unless otherwise required by law.

20. Force Majeure

Rakota Inc shall not be liable for failure to perform due to: Natural disasters, data provider outages, government actions, internet disruptions, and cybersecurity incidents.

21. Assignment

Rakota Inc may assign these Terms without notice. Users may not assign rights without written consent.

22. Severability

If any provision is unenforceable, remaining provisions remain in effect.

23. Survival

Provisions regarding: Liability, arbitration, indemnification, and intellectual property survive termination.

24. Entire Agreement

These Terms constitute the entire agreement between User and Rakota Inc.

25. Contact Information

Rakota Inc — DBA: SportStake — Email: [email protected]