FAQs
Legal
Common questions about legal matters and compliance
Platform Availability and Compliance
Is Kash available in my country?
Is Kash available in my country?
Global Accessibility with Local Compliance
Worldwide Availability:
- Global Access: Kash is accessible worldwide through X (Twitter) and web
- Regulatory Compliance: Platform operates with jurisdiction-specific limitations
- Decentralized Architecture: Built on public blockchain infrastructure
- 24/7 Availability: Platform operates continuously across all time zones
Regional Considerations:
- Soft Geofencing: U.S. users have limited functionality (maximum $10 predictions)
- High-Risk Countries: May be blocked at the frontend level
- Feature Variations: Different features available based on jurisdiction
- Compliance Monitoring: Ongoing review of regulatory requirements
- Legal Updates: Regular updates to comply with changing regulations
Restricted Activities:
- Illegal Markets: No markets on illegal activities in any jurisdiction
- Regulated Events: Compliance with local laws
- Age Restrictions: Must be 18+ or legal age in your jurisdiction
- Professional Compliance: Adherence to anti-money laundering requirements
Support for Global Users:
- Multi-Language Support: Interface available in multiple languages
- Local Time Zones: Markets display in your local time
- Regional Payment Options: Support for local payment methods
- Cultural Sensitivity: Respect for local customs and regulations
What are the age requirements?
What are the age requirements?
Age Verification and Youth Protection
Minimum Age Requirements:
- Global Standard: Must be 18 years or older
- Local Laws: Higher age requirements in some jurisdictions
- Account Creation: Age verification during account setup
- Ongoing Compliance: Regular verification for continued access
Verification Process:
- X Account Age: Verification through X account creation date
- Community Monitoring: Community helps identify potential underage users
- Self-Declaration: Users must confirm they meet age requirements
- Responsible Practices: Education about responsible prediction markets
Youth Protection Measures:
- Educational Resources: Information about responsible prediction
- Community Guidelines: Clear guidelines about appropriate behavior
- Monitoring Systems: Detection of unusual usage patterns
- Reporting Mechanisms: Community reporting of suspected underage users
Legal Compliance:
- Regulatory Requirements: Adherence to youth protection laws
- Industry Standards: Following best practices for age verification
- Regular Reviews: Periodic review of age verification processes
- Legal Updates: Adaptation to changing youth protection requirements
Do I need to verify my identity?
Do I need to verify my identity?
Identity Verification Requirements
KYC (Know Your Customer) Policy:
- No Basic KYC: No identity verification required for basic account
- X Authentication Only: Account creation through X verification
- Minimal Data Collection: Only essential information collected
- Privacy First: Commitment to user privacy and data minimization
Limited Verification:
- High-Volume Users: Additional verification may be required in some jurisdictions
- Regulatory Compliance: Verification required by local laws in certain regions
- Future Requirements: Additional verification may be added based on regulatory changes
Current Process:
- X Account Verification: Primary verification through X account
- No Document Upload: No government ID required currently
- Automated Process: No manual review required
- Instant Access: Immediate platform access upon X authentication
Data Protection:
- Minimal Data Storage: Limited data collection and storage
- Privacy Compliance: Adherence to data protection regulations
- User Control: Users maintain control over their data
- Transparency: Clear disclosure of data practices
Tax and Financial Responsibilities
What are my tax obligations?
What are my tax obligations?
Tax Reporting and Compliance
User Responsibility:
- Self-Reporting: Users responsible for reporting gains and losses
- Local Tax Laws: Compliance with your jurisdiction’s tax requirements
- Professional Advice: Recommend consulting tax professionals
- Record Keeping: Maintain detailed records of all transactions
Available Information:
- Blockchain Records: All transactions recorded on Base blockchain
- Public Data: Transaction history publicly accessible
- @kash_bot Queries: Query transaction history through bot
- Web Dashboard: View comprehensive account information
Taxable Events:
- Winning Predictions: Profits from successful predictions
- Token Rewards: $KASH tokens received as rewards
- Market Creation: Rewards for creating successful markets
- Governance Participation: Potential rewards from DAO participation
Tax Considerations:
- Capital Gains: Treatment of prediction profits
- Income Classification: Whether earnings are income or capital gains
- Loss Deductions: Potential deduction of prediction losses
- International Users: Cross-border tax implications
How does Kash handle financial regulations?
How does Kash handle financial regulations?
Regulatory Compliance Framework
Compliance Approach:
- Decentralized Model: Operating as a decentralized protocol
- Community Governance: Community-driven decision making
- Regulatory Monitoring: Ongoing monitoring of regulatory developments
- Adaptive Compliance: Adjusting to regulatory requirements as needed
Current Measures:
- Geographic Restrictions: Geofencing for certain jurisdictions
- AML Monitoring: Anti-money laundering measures
- Age Verification: Ensuring users meet minimum age requirements
- Content Moderation: Restricting inappropriate market topics
Data Protection:
- Privacy by Design: Privacy considerations in all platform features
- Data Minimization: Collecting only necessary user information
- User Rights: Respect for user data rights and preferences
- Transparency: Clear communication about data practices
Ongoing Development:
- Legal Monitoring: Continuous monitoring of regulatory changes
- Community Input: Community participation in compliance decisions
- Adaptive Framework: Flexible approach to regulatory compliance
- Best Practices: Implementation of industry best practices
How do regulated partner layers work?
How do regulated partner layers work?
Optional Compliance Infrastructure for Institutional Partners
Tiered Compliance Architecture:
- Core Protocol: Base decentralized prediction market functionality
- Compliance Layer 1: AML/KYC screening for institutional partners
- Compliance Layer 2: Enhanced due diligence for regulated financial institutions
- Compliance Layer 3: Full regulatory compliance for traditional finance integration
Regulated Partner Features:
- Enhanced KYC/AML: Optional identity verification for institutional users
- Transaction Monitoring: Advanced monitoring for suspicious activity
- Regulatory Reporting: Automated compliance reporting for financial institutions
- Audit Trails: Comprehensive audit trails for regulatory examinations
Implementation Strategy:
Benefits for Partners:
- Regulatory Confidence: Clear compliance framework for institutional adoption
- Risk Management: Enhanced risk monitoring and mitigation tools
- Seamless Integration: API-based integration with existing compliance systems
- Flexible Implementation: Choose compliance level based on regulatory requirements
Privacy Protection:
- Selective Disclosure: Enhanced compliance only for opted-in partners
- Core Protocol Unchanged: Base protocol remains permissionless and private
- Optional Layers: Compliance features are additive, not restrictive
- User Choice: Users can choose whether to interact through compliance layers
What are the current geographic restrictions?
What are the current geographic restrictions?
Regional Access Limitations
United States:
- Limited Functionality: Maximum $10 prediction limit per transaction
- Soft Geofencing: Access maintained but with reduced features
- Regulatory Compliance: Designed to comply with U.S. regulations
- Future Expansion: Plans for full U.S. licensing under development
High-Risk Countries:
- Frontend Blocking: Access may be blocked at the frontend level
- Compliance Monitoring: Based on regulatory risk assessment
- Dynamic Updates: List updated based on changing regulations
- Alternative Access: Decentralized infrastructure may allow alternative access
Jurisdiction Strategy:
- Friendly Markets: Launch in crypto-friendly jurisdictions (LATAM, Southeast Asia)
- Regulatory Sandboxes: Pursuing licenses in Malta and other EU-friendly jurisdictions
- Compliance Layers: Optional region-based restrictions as needed
- Legal Defense Fund: Treasury allocation for regulatory challenges
Compliance Features:
- AML Filtering: Frontend applies AML filters through Chainalysis and TRM
- Market Limitations: No personal harm, death, or criminal outcome markets
- Age Verification: Must be 18+ or legal age in jurisdiction
- Addiction Prevention: Optional caps and rate limiting for new users
What happens if regulations change?
What happens if regulations change?
Regulatory Change Management
Monitoring and Adaptation:
- Legal Monitoring: Continuous monitoring of regulatory developments
- Community Governance: Community participation in adaptation decisions
- Expert Consultation: Consultation with legal experts when needed
- Industry Engagement: Participation in industry discussions
User Communication:
- Advance Notice: Early notification of regulatory changes when possible
- Clear Explanations: Plain language explanation of impacts
- Community Discussion: Open community discussion of changes
- Transparent Process: Open communication about all changes
Platform Adaptation:
- Feature Modifications: Adjusting features to maintain compliance
- Geographic Restrictions: Implementing regional limitations if required
- Service Continuity: Maintaining service wherever legally possible
- Decentralized Approach: Leveraging decentralized architecture for resilience
User Protection:
- Fair Transition: Reasonable time periods for compliance when possible
- Alternative Options: Providing alternatives when features are restricted
- Community Support: Community assistance during transitions
- Transparent Communication: Open communication about all changes
Community Guidelines and Governance
What are the community guidelines?
What are the community guidelines?
Community Standards and Behavior
Core Principles:
- Respectful Interaction: Treat all community members with respect
- Honest Participation: Engage honestly in prediction markets
- No Manipulation: Avoid market manipulation or fraudulent activity
- Appropriate Content: Keep discussions relevant and appropriate
Prohibited Activities:
- Market Manipulation: Attempting to manipulate market outcomes
- Multiple Accounts: Creating multiple accounts to circumvent limits
- Harmful Content: Posting harmful, offensive, or inappropriate content
- Illegal Activities: Using platform for any illegal purposes
Community Enforcement:
- Peer Moderation: Community members help maintain standards
- Reporting System: Community reporting of inappropriate behavior
- Self-Governance: Community-driven governance and decision making
- Education: Focus on education rather than punishment
Dispute Resolution:
- Community Discussion: Open discussion of disputes
- Governance Process: DAO governance for major disputes
- Transparent Process: Open and transparent resolution process
- Appeal Rights: Right to appeal community decisions
How does governance work?
How does governance work?
Decentralized Governance Model
KashDAO Governance:
- Token-Based Voting: $KASH tokens provide voting power
- Community Proposals: Community members can submit proposals
- Open Discussion: Public discussion of all proposals
- Transparent Voting: All votes publicly recorded
Governance Scope:
- Platform Development: Feature development and prioritization
- Fee Structure: Platform fee adjustments
- Treasury Management: Community fund allocation
- Community Guidelines: Updates to community standards
Participation:
- Earn $KASH: Earn governance tokens through platform participation
- Submit Proposals: Community members can propose changes
- Vote on Proposals: Token holders vote on community decisions
- Implementation: Approved proposals are implemented
Democratic Process:
- One Token, One Vote: Democratic voting based on token holdings
- Quorum Requirements: Minimum participation for valid votes
- Transparent Results: All voting results publicly available
- Community Oversight: Community monitors governance process
What about data privacy?
What about data privacy?
Privacy and Data Protection
Data Collection:
- Minimal Collection: Only collect data necessary for service provision
- X Account Integration: Primary data source is X account information
- Blockchain Records: Transaction data recorded on public blockchain
- No Additional KYC: No additional identity verification required
Data Usage:
- Platform Operation: Data used only for platform functionality
- No Selling: Personal data is not sold to third parties
- Aggregated Analytics: Anonymous usage analytics for platform improvement
- Legal Compliance: Data handling complies with applicable privacy laws
User Rights:
- Access Rights: Right to access your data through blockchain and platform
- Control: Maintain control over X account and associated data
- Transparency: Clear information about data practices
- Blockchain Transparency: All transactions publicly visible
Privacy Considerations:
- Public Blockchain: All prediction activity is publicly visible
- X Account Association: Your X username is associated with your wallet
- Community Participation: Governance participation is publicly recorded
- Informed Consent: Users understand privacy implications of participation
Legal and regulatory requirements vary by jurisdiction. Users are responsible for ensuring their use of Kash complies with all applicable local laws and regulations.
Kash operates as a decentralized prediction market platform with community governance. While we strive for global compliance, users should consult local legal professionals for jurisdiction-specific guidance.
All your prediction activities are recorded on the Base blockchain and are publicly visible. Keep detailed records for tax and legal compliance purposes.