Overview
Vision is a peer-to-peer prediction market protocol operated by IM Standards LLC. It enables users to create and trade event contracts on publicly available data outcomes across 60+ data sources. This page sets out the legal basis for Vision's operations, data usage, and your rights and obligations as a user.
Peer-to-Peer Market Structure
Vision operates as a peer-to-peer protocol. All trades are executed between users via smart contracts deployed on the Index L3 chain (Arbitrum Orbit). IM Standards LLC does not act as a counterparty, bookmaker, or market maker in any transaction.
- No house edge — Vision does not take positions against users. There is no "house" to bet against.
- No counterparty risk from the operator — IM Standards LLC never holds the other side of any trade.
- Settlement is automated — outcomes are resolved by on-chain smart contracts using BLS-verified data feeds from independent issuers.
- Non-custodial — your funds remain in smart contracts on the blockchain. IM Standards LLC does not custody, hold, or control user funds at any time.
Third-Party Data Sources & Public Information
Vision markets reference publicly available data from third-party sources including government agencies (FRED, SEC, EIA, NOAA, USGS, BLS, NRC), academic databases (OpenAlex, PubMed, Crossref), public APIs (CoinGecko, GitHub, npm, Steam, Twitch), and other publicly accessible data feeds. Vision does not scrape, redistribute, or resell the underlying data. Markets are event contracts that reference publicly observable outcomes — they do not reproduce, store, or display proprietary content from these sources.
Where third-party names, trademarks, or brands appear on Vision, they are used solely for the purpose of identifying the relevant data source or event. This constitutes nominative fair use under applicable trademark law: the data source cannot be identified without reference to its name, only as much of the mark as necessary is used, and no sponsorship or endorsement by the trademark owner is implied or intended.
Delisting & Removal Requests
If you are a data provider, rights holder, or representative of an entity referenced on Vision and wish to have related markets or references removed, we will honor your request. IM Standards LLC maintains a voluntary delisting policy — we do not require a formal legal takedown notice. We aim to process removal requests within 7 business days.
To request removal, contact us on X at @otc_max or through any official General Market communication channel. Please identify the specific markets or references you wish removed and your relationship to the data source.
Intellectual Property & Trademarks
All third-party trademarks, service marks, trade names, and logos displayed on Vision are the property of their respective owners. Their appearance on Vision does not constitute:
- An endorsement of Vision or IM Standards LLC by any third party
- An affiliation, partnership, or commercial relationship between IM Standards LLC and any third party
- Anything other than a referential use to identify the publicly available data source for a given market
Risk Warning
Prediction market trading involves substantial risk of loss.
You can lose some or all of your capital. Event outcomes are uncertain by nature. Past market performance does not predict future results. Only participate with funds you can afford to lose entirely.
- Smart contract risk — contracts are immutable once deployed and may contain undiscovered bugs or vulnerabilities
- Oracle risk — data feed accuracy depends on third-party sources and the issuer network; incorrect or delayed data may affect settlement
- Liquidity risk — you may not be able to exit a position at your desired price or timing
- Regulatory risk — prediction markets may be subject to evolving regulations in your jurisdiction
No Financial or Legal Advice
Nothing on Vision constitutes financial, investment, legal, or tax advice. IM Standards LLC does not recommend any specific market, position, or strategy. You are solely responsible for evaluating the merits and risks of any transaction.
Disclaimer of Warranties
Vision is provided "AS IS" and "AS AVAILABLE" without warranties of any kind, whether express, implied, or statutory, including but not limited to implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement. IM Standards LLC does not warrant that Vision will be uninterrupted, error-free, secure, or free from bugs, viruses, or other harmful components.
Limitation of Liability
To the maximum extent permitted by applicable law, IM Standards LLC, its officers, directors, members, employees, agents, and affiliates shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits, revenue, data, or use, arising out of or related to your use of Vision, regardless of the theory of liability. Total aggregate liability shall not exceed the lesser of (a) the amounts you deposited to Vision in the 12 months preceding the claim, or (b) $100 USD.
Indemnification
You agree to indemnify, defend, and hold harmless IM Standards LLC and its officers, directors, members, employees, agents, and affiliates from any claims, damages, losses, liabilities, and expenses (including reasonable legal fees) arising out of or related to your use of Vision, your violation of these terms, or your violation of any law or third-party rights.
Governing Law
These terms are governed by and construed in accordance with the laws of the jurisdiction in which IM Standards LLC is organized, without regard to conflict of law principles. Any disputes arising from these terms shall be resolved through binding arbitration.
Contact
Questions about this legal disclaimer? Reach out on X: @otc_max