PrizePicks
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Source provenance
Verified official sourceCanonical URL: https://www.prizepicks.com/help-center/terms-of-service
What changedMaterial language shifts detected around cancel, refund, renew, arbitration. 72 new line(s), 267 removed line(s).
Snapshot hash 6f0259832a4e40590db5bf08d64e9e3b3b863b1e8e07a7c60c2b13faed6ab301
Snapshot of the source text at fetch time, not a live mirror of the policy page.
Plain-English summary
This policy contains several significant risks for users. These include clauses that mandate binding arbitration and waive class action rights, limit PrizePicks' liability to a maximum of $250, and shorten the time users have to file claims to one year (risk_flags-0001, risk_flags-0002, risk_flags-0003). The company also reserves the right to seize all funds, including previously withdrawn prizes, if it determines a user has engaged in "MultiAccounting" (risk_flags-0004). Furthermore, if a deposit is charged back, any resulting negative account balance will be considered an uncontestable debt owed by the user (risk_flags-0005).
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These clauses contain terms that are high risk and could have a significant negative impact on users.
PrizePicks' liability is limited to a maximum of $250.
Why it matters: If you experience damages or losses due to PrizePicks' actions or service, their financial responsibility to you is capped at $250, which may be significantly less than your actual losses.
THESE TERMS ALSO INCLUDE A LIMITATION OF PRIZEPICKS’ LIABILITY TO A MAXIMUM OF $250 (SEE SECTION 22)
Your time to file any claims against PrizePicks is limited to a maximum of one year.
Why it matters: You have a significantly reduced timeframe to pursue legal action against PrizePicks compared to standard statutory limits, potentially losing your right to claim if you don't act quickly.
AND A LIMITATION OF YOUR TIME TO FILE ANY CLAIMS TO A MAXIMUM OF ONE YEAR (SEE SECTION 28).
If PrizePicks determines you have committed "MultiAccounting," they reserve the right to seize all funds earned by you from contests, terminate, withhold, or revoke prizes (including those already withdrawn), and seize all real-money funds in the accounts at issue.
Why it matters: If PrizePicks suspects you are operating multiple accounts or misusing promotional offers, they can take all your winnings and funds, even those you've already withdrawn, without explicit recourse.
In the event that PrizePicks, in its sole and unlimited discretion, determines that you have committed MultiAccounting, then, in addition to any other rights that PrizePicks may have at law, equity or created herein, PrizePicks reserves the right to: (i) suspend or terminate any or all of your Accounts (and all other Accounts associated with the MultiAccounting); (ii) cancel any pending or in-progress entries made on the Accounts associated with the MultiAccounting; (iii) demand and/or seize all funds earned by you by participating in Contests during the time period of the MultiAccounting; (iv) terminate, withhold, or revoke the awarding of any prizes, including prizes that you have already
If any deposit is charged back, any winnings will be invalidated, forfeited, and deducted from your account balance. If this results in a negative balance, it will be considered an uncontestable debt payable by you immediately.
Why it matters: If you initiate a chargeback for a deposit, you will lose all winnings associated with it, and any resulting negative balance in your account becomes an immediate and indisputable debt you owe to PrizePicks.
If any Deposit is charged back, any winnings generated from Contests shall be invalidated, forfeited and deducted from your Account balance or seized from any bank account into which you have deposited the Prizes. In addition, the amount of the initial Deposit will be invalidated, forfeited and deducted from the Account balance. In the event that, following such deductions, your Account balance is in a negative balance, you expressly acknowledge and agree that such negative balance shall constitute an uncontestable debt payable by you to us, due and payable immediately.
These clauses describe how the company collects, uses, and shares your personal data. This includes specifics about advertising, analytics, and third-party sharing. This section does not include data security or data retention. It also does not include information about data you submit in public forums.
PrizePicks may report account misuse activity to relevant authorities and third-parties (including vendors, partners, payment processors, banks, and credit card companies) and provide any and all personal, financial, banking, or other information they possess or have access to.
Why it matters: If PrizePicks suspects any misuse of your account, they can share a wide range of your personal, financial, and banking information with various third parties and authorities, potentially exposing sensitive details beyond what you might expect.
We may also report such activity to relevant authorities and/or third-parties (including, but not limited to, PrizePicks’ vendors and partners, payment processors, banks, and credit card companies) and provide any and all of your personal, financial, banking or other information we possess or have access to.
You consent to PrizePicks monitoring and recording your entry and specific geographic location information related to your entry into a Contest.
Why it matters: PrizePicks will track and record your precise location when you enter Contests, which could raise privacy concerns regarding where and when you participate.
You consent to PrizePicks monitoring and recording your entry and specific geographic location information related to your entry into a PrizePicks Contest.
These clauses describe how and when users can cancel the service, any associated penalties, and how subscriptions may renew.
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No billing surprises spottedThese clauses contain out-of-the-ordinary, often one-sided, terms that may be a surprise to users.
PrizePicks reserves the right to modify, suspend, or discontinue the services, content, features, or databases, whether temporarily or permanently, at any time for any reason. They also may impose limits or restrict access without notice or liability.
Why it matters: PrizePicks can change, stop, or limit your access to the service or any part of it at any time without telling you beforehand and without being responsible for any impact this has on you.
PrizePicks reserves the right to modify, suspend, or discontinue the Services, including, but not limited to, the availability of any text, graphics, sounds, files, software or other information found on the Site and App (collectively, “ Content ”), feature, or database, whether temporarily or permanently, at any time for any reason. You agree that PrizePicks shall not be liable to you or to any third party for any modification, suspension, or discontinuation of the Services. PrizePicks may also impose limits on certain features and services or restrict your access to parts or all of the Services without notice or liability.
These clauses highlight commitments the company has made to protect user rights or privacy, or to provide a better experience. They are not to be confused with standard legal clauses that are primarily for the company's protection.
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