Legal
Risk Disclaimer
Last updated: June 16, 2026
This Risk Disclaimer sets out important information regarding the financial, technological, and regulatory risks associated with using DrawRace, wagering digital assets, and the $VROOM token. It should be read together with our Terms of Service and Privacy Policy.
1. No Financial, Investment or Legal Advice
Nothing contained on the DrawRace website, application, documentation, social media channels, or any communication issued by DrawRace or its affiliates (collectively, the "Company") constitutes, or is intended to constitute, financial, investment, accounting, tax, or legal advice, a recommendation, solicitation, or offer to buy, sell, or hold any digital asset, security, or financial instrument, or an inducement to enter into any transaction. You should consult your own independent, qualified, and licensed professional advisors before making any decision involving the Platform or any digital asset.
2. Wagering and Financial Risk
Participation in wager-based contests on the Platform involves the risk of financial loss, up to and including the total loss of all amounts wagered or deposited. You should never wager or deposit more than you can afford to lose entirely. The Company is not a counterparty to any contest, does not guarantee any outcome, and shall have no obligation to refund, reverse, or compensate you for any loss whatsoever arising from your participation, regardless of cause.
3. Volatility and Total Loss of Digital Assets
Digital assets, including SOL and the $VROOM token, are highly volatile, speculative, and may experience extreme and unpredictable fluctuations in price and liquidity over short periods. The value of any digital asset may decline rapidly and without warning, may become illiquid, and may fall to zero. Past performance is not indicative of, and provides no assurance of, future results.
4. The $VROOM Token; No Guarantee of Value
$VROOM is a utility token associated with the DrawRace ecosystem. It is not a share, security, deposit, debt instrument, or claim against the Company or its assets, and it confers no ownership, equity, dividend, profit-sharing, governance entitlement, or other financial right except as may be expressly and separately documented. The Company makes no representation, warranty, or guarantee, express or implied, regarding the price, value, liquidity, marketability, or future utility of $VROOM. Any buyback-and-burn mechanism is discretionary, may be modified, paused, or discontinued at any time, and should not be relied upon as a basis for any expectation of profit or appreciation in value.
5. Regulatory Uncertainty and Jurisdictional Restrictions
The legal and regulatory treatment of digital assets, skill-based wagering, and online gaming is uncertain, evolving, and varies significantly between jurisdictions. The Platform may not be lawful, available, or licensed in your jurisdiction. It is your sole responsibility to determine whether your access to and use of the Platform is permitted under the laws applicable to you, and to comply with all such laws, including any applicable tax, reporting, registration, and licensing requirements. The Company disclaims all responsibility for your failure to do so.
6. Smart Contract and Technology Risk
The Platform relies upon blockchain technology, smart contracts, and third-party infrastructure that is experimental, complex, and subject to bugs, vulnerabilities, exploits, malfunctions, forks, congestion, and attacks. Transactions recorded on the Solana blockchain are generally irreversible. The Company does not control, and is not responsible for, the operation, security, or availability of the Solana network or any third-party wallet, validator, exchange, or service, and shall have no liability for any loss arising from any failure, defect, or compromise thereof.
7. Custodial Wallet and Key Management Risk
Your account may be associated with a custodial Wallet. You are solely responsible for safeguarding your account credentials and any exported private keys. Anyone who obtains access to your private key will have full and irrevocable control over the associated assets. The Company cannot recover lost credentials or private keys, cannot reverse unauthorized transactions, and shall have no liability for any loss resulting from unauthorized access to your account or Wallet.
8. Tax Responsibility
You are solely responsible for determining, reporting, and paying any and all taxes, levies, or duties that may apply to your use of the Platform, your participation in contests, and any gains, winnings, or token transactions, in accordance with the laws of every jurisdiction in which you may be liable. The Company does not provide tax advice and assumes no responsibility for your tax obligations.
9. No Fiduciary Relationship; Forward-Looking Statements
Your use of the Platform does not create any fiduciary, advisory, agency, partnership, or trust relationship between you and the Company. Any statements regarding future plans, features, roadmaps, token mechanics, or expectations are forward-looking, inherently uncertain, and subject to change or cancellation without notice; they are not promises or guarantees, and you should not place undue reliance upon them.
10. Acknowledgment and Assumption of Risk
By accessing or using the Platform, you expressly acknowledge that you have read, understood, and voluntarily accepted all of the risks described in this Risk Disclaimer and elsewhere in our Terms of Service, and you agree to assume full and exclusive responsibility for all such risks and for any and all losses you may incur. To the fullest extent permitted by applicable law, you release and waive any claim against the Company arising from or relating to such risks.
This document is provided for general informational purposes only, does not constitute legal advice, and should not be relied upon as a substitute for the advice of qualified counsel licensed in your jurisdiction. By continuing to access or use the platform you acknowledge that you have read, understood and agreed to be bound by the terms set out above.
