Science Markets

These are disclosures, not a customer agreement, and not legal advice. You accept them when you trade. There is no challenge window at any stage of settlement.

Acceptance text, version terms-2026-10-29

The exact wording recorded against your acceptance.

Science Markets terms and disclosures

Science Markets is operated by Conner Productions LLC. These are the statements you accept when you trade. They describe how the product works and what it does not promise. There is no challenge window at any stage of settlement.

What you are buying. Each market is one fixed scientific hypothesis with two outcome tokens, YES and NO. One complete pair is backed by 1 USDC held in that market's reserve. After settlement, a winning token redeems for 1 USDC before the disclosed redemption fee, and a losing token pays nothing. There is no leverage, no borrowing, no margin call and no liquidation.

How settlement works. A market has no scheduled expiry. It settles when all three designated AI models return the same explicit YES or NO against the criteria frozen on the market page, and that result is verified as finalized on Solana. Missing, invalid, conflicting or undecided outputs settle nothing. Settled outcomes are final and there is no appeal. Settlement records that the models agreed; it does not prove the scientific hypothesis is true or false.

Getting paid. Settling a market makes the winning token redeemable. It does not send you money. You redeem from your own wallet, and each token burns for 1 USDC less the disclosed redemption fee.

Fees. Each market prints its mint and redemption rates before you commit anything. Raydium pool fees, the creator fee, price impact and Solana network costs are separate and are disclosed on the fees page. Losing tokens pay no fee.

Access. Trading is not available from the United States, Cuba, Iran, North Korea, Syria or other restricted locations. You confirm that you meet the applicable age requirement and may lawfully use this service where you are. Site access is refused for connections from those locations, and a request whose location cannot be determined is refused rather than allowed. Wallet actions require sanctions screening. Using a VPN or similar tool to get around these limits breaks these terms. These checks govern this website; they do not stop anyone from trading the outcome tokens directly on Raydium or through the on-chain program, and they are not a permission to trade from a restricted location.

Insider trading. Directors, employees, contractors and anyone working on a market may not trade that market, may not move its liquidity, and may not time a publication around an unpublished settlement result. Breaking that policy breaks these terms.

Risks. AI outputs can be wrong, manipulated, correlated or unavailable, and their agreement is not scientific truth. Outcome tokens can lose their entire purchase value and the fees paid on them. A market may never settle, and a liquid exit may not exist. Smart contracts, program upgrades, wallets, third-party pools, networks and USDC can fail, be frozen or lose their peg. No return, accuracy, liquidity or uninterrupted operation is promised. You can be right about the science and still lose money.

Nothing here is investment, legal, tax or scientific advice, and no regulator has approved this product.

Privacy. Wallet sign-in stores your address against an internal identity, profile and browser session. The server verifies a message signature, and the sign-in nonce expires after five minutes. The site uses session and CSRF cookies for that session and local storage for your theme choice. We do not collect identity documents and no KYC provider is connected.

The application records declared and connection-derived location, age attestations, local-list decisions and terms acceptance. Acceptance records can include your IP address, browser user-agent, version, text hash and timestamp. Request logs can contain IP addresses and request metadata. First-touch analytics can store referral and UTM tags, referrer host, landing path and session identifier, and link them to your wallet's first connection.

When a research round runs, evidence packets and prompts are sent through OpenRouter to model providers, and optional AI moderation can send comment text, thread title and market context. Provider retention and transfers depend on the selected provider and its terms. Wallet extensions and external pool, explorer or RPC services have their own practices.

On-chain addresses and transactions are public and generally cannot be erased. You can ask us to delete the off-chain records we hold about your wallet at [email protected]; we keep only what a legal obligation requires us to keep.

Limits. To the extent the law allows, we are not liable for your trading losses, for a lost recovery phrase, for a trade you approved, for a price you paid, or for a third-party outage. Nothing in these terms waives a right the law does not allow to be waived.

By accepting, you confirm you read this exact version. Updated terms require a new acceptance, and withdrawing acceptance ends your access without erasing the earlier record.

0. This site is a directory, not a counterpartyYou trade in your own wallet. We are not on the other side.

What this site does

This site publishes information: a hypothesis, its settlement rules, recorded pool prices, and links out to public pools where the tokens trade. It is not an exchange, a broker, a dealer, an investment adviser or a custodian. It does not hold your funds, hold your tokens, take the other side of any trade, set the price you pay, or execute anything for you.

Every swap happens in your own wallet against a public pool run by a third party. We do not control that pool, the blockchain it runs on, or the wallet software you use, and we cannot reverse, cancel or recover a transaction once you sign it. A buy button here is a link to a third party, provided for convenience. Following it means leaving this site and accepting that third party's terms.

The prices and estimates on this page are published for reading. They are not an offer, a solicitation, a recommendation, or advice to buy or sell anything, and you should not rely on them to decide anything. Check the pool, the contract and the token addresses yourself before you sign. Where a price, a hash or an address here disagrees with the chain, the chain is right.

We do not owe you fiduciary duties, and nothing on this site creates an advisory, brokerage or partnership relationship. You are responsible for your own wallet, keys, tax position and compliance with the law where you are.

1. What you are buyingA YES token and a NO token, fully collateralized in USDC.

The instrument

Each market is one fixed scientific hypothesis with two outcome tokens, YES and NO. A complete set is 1 USDC of collateral: depositing 1 USDC mints 1 YES and 1 NO together, held in that market's reserve. The two tokens can be traded against USDC on third-party pools. There is no leverage, no borrowing, no funding payment, no margin call, and no liquidation.

Creating a pair puts 1 USDC into that market's reserve and gives you one YES and one NO. Handing the pair back before settlement returns the 1 USDC, less the redemption fee. A single token on its own has no unconditional redemption: before settlement only a complete pair redeems, and after settlement only the winning token does. Backing does not guarantee an immediate exit through outages, USDC issuer freezes or contract failures.

2. How the money works, gross and netFees are shown separately from the payout.

Gross, fee, net

Every fee is shown as the gross payout, the fee, the net receipt, and the rounding, before you sign. A figure quoted as a "1 USDC payout" is the gross amount; what you actually receive is less the disclosed fee. Losing tokens pay nothing and take no fee.

Action	You pay or receive	Where the fee goes
Create 100 complete pairs	Pay 100 USDC plus the mint fee	100 USDC enters the reserve; the mint fee goes to the fee account
Hand back 100 pairs before settlement	Receive 100 USDC less the redemption fee	The redemption fee goes to the fee account
Redeem 100 winning tokens after settlement	Receive 100 USDC less the redemption fee	The redemption fee goes to the fee account
Losing token	0	No fee against a zero payout

Each market's fee schedule is fixed when the market is created, and every market prints its rates on its own page before you commit anything. Raydium pool trading fees, the creator fee, price impact and Solana network costs are separate and disclosed on the fees page. The total charges, recipients, minimum receipt and quote expiry are shown before a wallet signature; a platform fee does not include every third-party cost.

3. Automatic settlementUnanimous YES/NO against the frozen criteria; no appeal.

Settlement

The market has no scheduled expiry. Automatic, irreversible settlement occurs only when all three designated AI models return the same definitive YES or NO against the frozen criteria in one valid round, without a challenge window or settlement appeal. Missing, invalid, conflicting or UNDECIDED outputs never settle a market. A market may never settle.

Settlement has no appeal, so a correlated model error or manipulated evidence becomes irreversible. That is the trade-off the rule accepts.

Settlement records that the models agreed, not that the hypothesis is true. The weekly estimate is a reading of the evidence, not a calibrated probability and not a promise of any payout. The panel can be wrong, or can lag the science. You can be right about the science and still collect nothing.

4. Redemption is up to youSettlement does not pay anyone automatically.

Settling a market records the winning side. It does not pay you. You redeem from your own wallet, and tokens sitting in a third-party pool need that pool's own withdrawal or claim path.

You can also exit by selling in the pool, or by buying the opposite token to form a pair and handing it back. None of these guarantees a timely exit, and the platform does not promise to keep liquidity available.

5. Where and how trading worksThird-party pools; price is not the estimate.

Buying or selling an existing token is a swap in a public pool, not a platform order. Prices come from the pool, not from us, and the weekly AI estimate does not set them.

Access is limited, and it is enforced at the trade. Blocking a website cannot fully control a public pool, so these rules also govern who may hold the tokens.

6. Who can tradeSigning in is not eligibility.

Signing in with a wallet proves you control an address. It does not verify who you are. Public access is wallet-only, without email or password signup. The backend keeps a wallet-linked identity and session for authentication and access decisions; it is not verified personal identity. No identity-document collection or KYC provider is connected. Location, age, sanctions and wallet screening are enforced before any funded action: the site blocks traders in the United States and other restricted countries, refuses requests whose location cannot be determined, and checks wallets against the sanctions list. Trading is only available where these checks pass.

Research-only access disables stake funding, swaps, minting, liquidity deposits, trading incentives, and transaction-ready links. Simulation in this build has no transferable value, no redemption, no stake-based reward, and no airdrop entitlement. Where the law or a lawful order requires it, the platform can pause trading or block an account.

7. Our roles and the record we publishWe issue, resolve, seed and earn fees. Insiders cannot trade.

Science Markets creates the hypotheses, runs settlement, seeds the liquidity, and earns fees from that liquidity. A conflicts policy bars directors, employees, contractors and anyone working on a market from trading it, from removing its liquidity, and from choosing publication times using unpublished settlement outputs. Breaking that policy breaks these terms.

Every valid round publishes its audit bundle: prompts, three model outputs, exact average, failed calls and available provenance IDs. A bundle is an audit record, not cryptographic proof that a named provider produced those bytes. Secrets and personal information are redacted, and any redaction is identified.

Country restrictionsNo trading from the United States or other restricted countries.

Trading is not available from the United States. It is also blocked from Cuba, Iran, North Korea, Syria and other operator-restricted locations. Website access, including browsing, sign-in, API and staff pages, is refused for connections from those locations.

A VPN or similar tool can make a connection appear to come from a different country, and nothing here stops anyone from trading the outcome tokens directly on Raydium or through the on-chain program without this website. This restriction is a control we run at our own boundary. Using a VPN or similar means to get around it is a violation of these terms.

The country is derived from the connection; for restriction decisions this site records the country code and the requested path, not the address.

PrivacyNo identity documents. We store as little as the checks need.

Wallet sign-in stores your address against an internal identity, profile and browser session. The server verifies a message signature; the sign-in nonce expires after five minutes. The site uses session and CSRF cookies for that session, and local storage for your theme choice. Signing out does not delete the stored records.

The application records declared and connection-derived location, age attestations, local-list decisions and terms acceptance. Acceptance records can include your IP address, browser user-agent, version, text hash and timestamp. These are not verified identity, residence or AML results. Request logs can also contain IP addresses and request metadata.

First-touch analytics can store referral and UTM tags, referrer host, landing path and session identifier, and link them to your wallet's first connection. These are first-party attribution records, not anonymous statistics. Public comments and submitted evidence may identify you; do not post identity documents, secrets or private data.

When a research round runs, evidence packets and prompts are sent through OpenRouter to model providers; optional AI moderation can send comment text, thread title and market context. A provider may use search services. Provider retention, international transfers and reuse depend on the selected provider and its terms. Wallet extensions and external pool, explorer or RPC services have their own data practices.

8. What is not promisedNo return, no accuracy, no settlement, no continuous market.

Returns, yield and profit are not promised.
Nothing here asserts the AI estimate is accurate. It is a reading of the evidence, not truth.
No promise that any market ever settles, or settles within any time.
No guarantee of the dollar value or availability of USDC. Holding USDC carries its own risk, including a depeg or a failure of its issuer; this is a USDC-denominated instrument and the platform does not insure the token's value.
No guarantee of continued operation or of an available exit quote.
No CFTC-approved or SEC-approved scientific probabilities.
No leverage, borrowing, margin, liquidation, or funding-rate payments.

You can lose your entire position. A losing token pays 0, and the fees paid on it are not returned. A position can also be worth less than you paid long before settlement, and a market that never settles can leave an exit unavailable. Only commit what you can afford to lose in full.

Terms and disclosures