Risk Disclosure

Trading prediction markets is speculative and high-risk. You can lose some or all of your stake. Only commit funds you can afford to lose.

Prediction-market positions can settle to zero on an event outcome. These markets and their regulatory treatment are evolving and uncertain, which adds risk beyond ordinary price movement.

Real fills can differ from a simulation. Prices move, orders may fill partially or not at all, and slippage can make a real trade worse than the paper run that modeled it.

Thin books, wide spreads, and shallow depth can make it hard to enter or exit at the price you expect, or at all.

Sonde relies on third-party and observed market data that may be stale, incomplete, or wrong. Sonde blocks rather than trade on stale books, but it cannot guarantee the accuracy of external data.

Automated flows act on the bounds you set. Software defects, outages, or connectivity problems can cause missed, delayed, or unintended actions. You should monitor your flows; a kill switch is available to stop activity.

Real-active flows trade real money. Paper trading is recommended first but not required. Nothing trades until you explicitly activate a bounded real-active flow with limits you set, and Sonde never silently upgrades a flow to real money.

Trade submission, real preview, and real-active activation are blocked for the United States and other restricted or sanctioned jurisdictions [exact country list — counsel to confirm]. These checks fail closed using IP geolocation, your attestation, and a sanctions screen. If you are blocked, trading actions will not run; non-trading surfaces may remain available.

Sonde does not give financial advice (see the No-Advice Notice), does not custody your funds, and is not a counterparty to your trades. Your trades are between you and the market or venue you use.

For questions about these risks, reach us at [support contact email — operator to confirm] or through the Sonde support page. Privacy-specific requests can also go to [privacy contact email — operator/counsel to confirm].

Sonde is operated by [Sonde operating entity — counsel to confirm]. This page was drafted for review and is pending human/counsel approval before paid launch.