Terms & Conditions

Acceptance of Terms

These Terms & Conditions constitute a legally binding agreement between you ("User," "Player," or "You") and Funinexchange ("Company," "We," "Us," or "Our"), governing your use of our betting exchange platform, mobile applications, and related services.

By creating an account, placing bets, or using any Funinexchange services, you acknowledge that you have read, understood, and agree to comply with these terms and all applicable laws and regulations.

Eligibility Requirements

Age and Legal Capacity

• You must be at least 18 years old to use Funinexchange services
• You must have legal capacity to enter into binding agreements
• You must not be prohibited from gambling under applicable laws
• You must provide accurate age verification documents when requested

Geographic Restrictions

Funinexchange services are available to residents of India, subject to local state regulations. Users from restricted jurisdictions may not access our platform. We reserve the right to verify your location and restrict access accordingly.

Account Registration and Verification

Account Creation

1. Provide accurate and complete registration information
2. Create a secure password and protect your account credentials
3. Submit required identity verification documents
4. Complete Know Your Customer (KYC) procedures
5. Verify your email address and phone number

Account Responsibilities

• Maintain one account per person - multiple accounts are prohibited
• Keep your account information current and accurate
• Protect your login credentials and enable two-factor authentication
• Notify us immediately of any unauthorized account access
• Accept responsibility for all activities under your account

Betting Exchange Services

Platform Functionality

Funinexchange operates as a betting exchange where users can:

• Place bets against other users rather than against the house
• Set their own odds and accept bets from other users
• Access live betting markets during sporting events
• Trade positions before event completion
• View real-time market data and betting statistics

Betting Rules

1. All bets are final once matched with another user
2. Minimum bet amounts apply as specified on the platform
3. We reserve the right to void bets in cases of obvious errors
4. Settlement of bets follows official results from recognized authorities
5. In-play betting may be suspended during critical moments

Financial Terms

Deposits and Withdrawals

• Deposits must be made from accounts in your own name
• Minimum and maximum transaction limits apply
• Withdrawal processing times vary by payment method
• We may require additional verification for large transactions
• All deposits and withdrawals are subject to anti-money laundering checks

Commission Structure

Funinexchange charges commission only on net winnings, typically ranging from 2% to 5% depending on market type and user status. Commission rates are clearly displayed before bet placement and may vary for promotional periods.

Prohibited Activities

The following activities are strictly prohibited and may result in account suspension or closure:

• Using multiple accounts or allowing others to use your account
• Attempting to manipulate odds or engage in fraudulent betting
• Using automated betting software or bots
• Colluding with other users to fix outcomes
• Money laundering or other illegal financial activities
• Providing false information during registration or verification
• Circumventing geographic or age restrictions
• Exploiting technical errors or system vulnerabilities

Responsible Gaming

Self-Control Tools

Funinexchange provides various tools to help users maintain control over their betting activities:

• Deposit limits (daily, weekly, monthly)
• Loss limits and spending controls
• Session time limits and reality checks
• Self-exclusion options (temporary or permanent)
• Access to problem gambling resources and support

Problem Gambling Support

If you believe you may have a gambling problem, please contact our responsible gaming team or seek help from organizations like Gamblers Anonymous India or similar support groups.

Platform Availability and Technical Issues

Service Availability

While we strive to provide continuous service, Funinexchange may experience downtime for maintenance, updates, or technical issues. We are not liable for losses resulting from service interruptions beyond our reasonable control.

Technical Malfunctions

• Bets placed during system malfunctions may be voided
• Display errors do not create binding obligations
• We reserve the right to correct obvious technical errors
• Users should report technical issues promptly

Intellectual Property

All content on Funinexchange, including logos, trademarks, software, graphics, and text, is owned by or licensed to us. Users may not:

• Copy, reproduce, or distribute our content without permission
• Use our trademarks or branding in any manner
• Reverse engineer or attempt to extract source code
• Create derivative works based on our platform

Limitation of Liability

To the fullest extent permitted by law, Funinexchange's liability is limited as follows:

• We are not liable for indirect, consequential, or punitive damages
• Our total liability shall not exceed the amount in your account
• We are not responsible for third-party actions or services
• Users participate at their own risk and discretion

Dispute Resolution

Internal Dispute Process

1. Contact customer support within 30 days of the disputed event
2. Provide detailed information and supporting evidence
3. Allow up to 14 days for investigation and response
4. Accept our final decision or pursue external arbitration

Governing Law

These Terms & Conditions are governed by Indian law. Any disputes will be subject to the exclusive jurisdiction of courts in Mumbai, Maharashtra.

Modifications and Updates

Funinexchange reserves the right to modify these Terms & Conditions at any time. Changes will be communicated through:

• Email notifications to registered users
• Prominent website notices
• In-app notifications
• Updated terms posted on our website

Continued use of our services after changes constitute acceptance of the updated terms.

Account Closure and Termination

User-Initiated Closure

Users may close their accounts at any time by contacting customer support. Outstanding bets must be settled and all funds withdrawn before closure.

Company-Initiated Closure

We may close accounts for violations of these terms, suspicious activity, or regulatory requirements. Users will be notified and funds returned (minus any applicable deductions) after investigation completion.