#contract-terms News & Analysis

2 articles tagged with #contract-terms. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.

2 articles

GeneralBearishFortune Crypto · May 116/10

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Trump Mobile quietly rewrote its fine print to say the gold Trump phone may never be made, a year after taking $100 deposits

Trump Mobile has quietly updated its terms and conditions to state that customers who paid $100 deposits for the gold Trump phone may never receive the device, describing their payment as merely a 'conditional opportunity' to buy if the company chooses to manufacture it. This change came approximately one year after deposits were collected, raising questions about consumer protections and the legitimacy of the presale campaign.

GeneralBearishProtos · Mar 26/103

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Kalshi uses ‘death carve-out’ to avoid paying out on Ali Khamenei ousting

Kalshi, a prediction market platform, voided $54 million in trades on Ali Khamenei's potential ousting after his death, using a contractual 'death carve-out' clause to avoid payouts. The incident highlights potential issues with prediction market terms and conditions that can nullify large trading positions.