Last updated: April 6, 2026
By creating an account or using Kap Markets ("the Platform"), you agree to be bound by these Terms of Service and our Privacy Policy. If you do not agree, do not use the Platform.
You must be at least 18 years old and a resident of Nigeria to use Kap Markets. By registering, you represent and warrant that you meet these requirements. We reserve the right to request identity verification at any time.
Kap Markets is a prediction market platform where users trade on the outcomes of real-world events. Markets are priced using an Automated Market Maker (AMM). Each share pays out exactly ₦100 if the outcome it represents is correct, and ₦0 if incorrect.
Share prices fluctuate between ₦1 and ₦99 based on trading activity and reflect the market's estimated probability of the outcome.
TRADING ON KAP MARKETS INVOLVES FINANCIAL RISK. YOU MAY LOSE SOME OR ALL OF THE MONEY YOU STAKE. ONLY TRADE WITH FUNDS YOU CAN AFFORD TO LOSE.
A 3% transaction fee is applied on every trade (buy and sell). Fees are deducted automatically at the time of the trade. We reserve the right to modify fee structures with prior notice.
Markets are resolved by Kap Markets administrators based on publicly verifiable information. We act in good faith to resolve markets accurately and fairly. In rare cases, a market may be voided (cancelled) if the outcome cannot be determined, in which case all shares are refunded at their purchase price.
Violation of these rules may result in immediate account suspension, forfeiture of funds, and reporting to relevant authorities.
THE PLATFORM IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED BY LAW, KAP MARKETS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING FROM YOUR USE OF THE PLATFORM. OUR TOTAL LIABILITY SHALL NOT EXCEED THE AMOUNT YOU HAVE DEPOSITED IN THE PRECEDING 30 DAYS.
We may suspend or terminate your account at any time if we believe you have violated these Terms or engaged in suspicious activity. You may request account deletion by contacting support.
We may update these Terms from time to time. Material changes will be communicated via email or in-app notification. Your continued use of the Platform after changes take effect constitutes acceptance of the revised Terms.
These Terms are governed by and construed in accordance with the laws of the Federal Republic of Nigeria. Any disputes shall be resolved through negotiation, and if unresolved, through arbitration in Lagos, Nigeria.
If you have questions about these Terms, contact us at support@kap.markets.