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Plain-English summary
This service raises significant concerns regarding mandatory arbitration (risk_flags-0001), class action waivers (risk_flags-0002), and a strict limitation of PrizePicks' liability to $250 (risk_flags-0003). Users also face a shortened one-year window to file claims (risk_flags-0004). Moreover, engaging in "MultiAccounting" could lead to accounts being terminated and all funds seized (risk_flags-0005). The company reserves the right to suspend or terminate accounts and share personal/financial information for perceived misuse (risk_flags-0006). Prizes and funds can be withheld or clawed back if eligibility requirements are not met (risk_flags-0007, risk_flags-0008). Significant personal information is collected (data_use-0001), and the service tracks geographic location during contests (data_use-0002). Terms and services can be changed unilaterally without notice (gotchas-0001), and users are responsible for monitoring these changes (gotchas-0002).
95% confidence
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Risk Flags
8 findings
Critical issues that represent material, hard-to-reverse harm to the user. These include, but are not limited to, limitations of liability, mandatory arbitration clauses, and class action waivers.
high95% confidence
Mandatory Arbitration
The terms contain a binding arbitration provision detailed in Section 23, which affects your legal rights and remedies.
Why it matters: You are required to resolve disputes through binding arbitration, which limits your ability to pursue legal action in court.
IMPORTANT NOTICE: PLEASE READ THESE TERMS CAREFULLY, THEY CONTAIN A BINDING ARBITRATION PROVISION AND CLASS ACTION WAIVERS THAT AFFECT YOUR LEGAL RIGHTS AND REMEDIES AS DETAILED IN SECTION 23 TITLED “DISPUTE RESOLUTION, ARBITRATION AND CLASS ACTION WAIVER” AND SECTION 24 TITLED “NO COLLECTIVE RECOVERY”.
**PrizePicks™ Terms of Service**, paragraph 12 · Citation strength: strong
high95% confidence
Class Action Waiver
The terms include class action waivers, detailed in Section 23 and 24, affecting your legal rights and remedies.
Why it matters: You waive your right to participate in class action lawsuits, which could limit your ability to recover damages collectively.
IMPORTANT NOTICE: PLEASE READ THESE TERMS CAREFULLY, THEY CONTAIN A BINDING ARBITRATION PROVISION AND CLASS ACTION WAIVERS THAT AFFECT YOUR LEGAL RIGHTS AND REMEDIES AS DETAILED IN SECTION 23 TITLED “DISPUTE RESOLUTION, ARBITRATION AND CLASS ACTION WAIVER” AND SECTION 24 TITLED “NO COLLECTIVE RECOVERY”.
**PrizePicks™ Terms of Service**, paragraph 12 · Citation strength: strong
high95% confidence
Limited Liability for PrizePicks
PrizePicks' liability is limited to a maximum of $250, as outlined in Section 22.
Why it matters: You can only recover a maximum of $250 from PrizePicks in case of their liability, which may not cover your full damages.
THESE TERMS ALSO INCLUDE A LIMITATION OF PRIZEPICKS’ LIABILITY TO A MAXIMUM OF $250 (SEE SECTION 22) AND A LIMITATION OF YOUR TIME TO FILE ANY CLAIMS TO A MAXIMUM OF ONE YEAR (SEE SECTION 28).
**PrizePicks™ Terms of Service**, paragraph 13 · Citation strength: strong
high95% confidence
Shortened Time Limit to File Claims
Your time to file any claims is limited to a maximum of one year, according to Section 28.
Why it matters: You have a significantly reduced timeframe to file legal claims against the company, potentially leading to forfeiture of your rights if not acted upon promptly.
THESE TERMS ALSO INCLUDE A LIMITATION OF PRIZEPICKS’ LIABILITY TO A MAXIMUM OF $250 (SEE SECTION 22) AND A LIMITATION OF YOUR TIME TO FILE ANY CLAIMS TO A MAXIMUM OF ONE YEAR (SEE SECTION 28).
**PrizePicks™ Terms of Service**, paragraph 13 · Citation strength: strong
high95% confidence
Account Termination and Fund Seizure for MultiAccounting
If PrizePicks determines you have committed "MultiAccounting," it reserves the right to suspend or terminate all associated accounts, cancel pending entries, demand/seize funds earned, revoke prizes (including those already withdrawn), seize promotional balances, seize real-money funds, and report you to authorities.
Why it matters: You risk losing all funds, prizes, and bonus balances, and having your accounts terminated, as well as being reported to authorities if PrizePicks determines you are engaging in prohibited multi-accounting practices.
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
Account Suspension/Termination and Information Sharing for Misuse
PrizePicks can suspend, limit, deactivate, or terminate your account if they determine you are violating terms, laws, depositing funds without intent to use in contests, or otherwise abusing services. They may also report such activity to authorities and third parties, including sharing your personal, financial, and banking information.
Why it matters: Your account may be terminated and your personal and financial information shared with authorities and third parties if PrizePicks deems your account use improper, potentially leading to loss of access and privacy risks.
PrizePicks shall be entitled to suspend, limit, deactivate or terminate your Account, if we determine, in our sole discretion, that you are violating these Terms; violating or conspiring to violate any local, state or federal law or regulation; depositing funds without the intention of using them in Contests; violating, or causing PrizePicks to violate any agreement it has with any third party, including payment processors and other financial institutions; or otherwise abusing or misusing the Services in any way whatsoever.
Prize Withholding and Fund Clawback for Eligibility Issues
PrizePicks can withhold prizes if they suspect you failed to meet eligibility requirements. If they discover you don't meet requirements after you've received your prize or withdrawn funds, they can seize funds from your account or request your bank freeze the account to which funds were deposited and return them to PrizePicks.
Why it matters: You risk losing any prizes or winnings you have received if PrizePicks later determines you did not meet eligibility requirements, potentially resulting in funds being seized from your account or frozen by your bank.
You grant PrizePicks the right to withhold Prizes if PrizePicks suspects that you failed to satisfy all eligibility requirements. If, following an investigation, PrizePicks determines that you are eligible to participate and receive Prizes, then PrizePicks will furnish your prize. Additionally, if PrizePicks discovers that you do not meet eligibility requirements after you have received your Prize and/or withdrawn from your Account the Prize funds, then PrizePicks may, as it solely deems appropriate, seize funds from your Account or request that your bank freeze the bank account to which the funds were deposited and return such funds to PrizePicks.
6.2 General Eligibility, paragraph 12 · Citation strength: strong
high95% confidence
Account Termination and Prize Revocation for Eligibility Non-Compliance
If PrizePicks determines you do not meet eligibility requirements, they reserve the right to terminate your account, withhold or revoke any prizes associated with it, limit your ability to withdraw funds, and work with financial institutions to claw back previously withdrawn funds.
Why it matters: You risk account termination, loss of prizes and winnings, and potential seizure of previously withdrawn funds if PrizePicks finds you do not meet eligibility criteria.
If PrizePicks otherwise determines that you do not meet the eligibility requirements of this Section 6, in addition to any rights that PrizePicks may have in law or equity, PrizePicks reserves the right to terminate your Account, withhold or revoke the awarding of any prizes associated with your Account, limit your ability to withdraw funds or to work with your bank and other financial institutions and partners to clawback funds you previously withdrew from PrizePicks. PrizePicks also reserves the right to withhold revoked prizes to use in furtherance of its compliance, fraud prevention or anti-money laundering efforts.
6.2 General Eligibility, paragraph 4 · Citation strength: strong
Data Use
2 findings
How the business collects, uses, and shares your data. This may include personal information, usage data, and content you create. Look for clauses that allow broad discretion over data use, sharing with third parties, or monetization of user content.
medium90% confidence
Extensive Personally Identifiable Information Collection Required
To sign up for an Account, you must submit personal details including a username, password, mailing address, phone number, driver’s license, date of birth, and social security number. Additional personal, financial, or banking information may be required for deposits or other purposes.
Why it matters: The service requires a wide range of personal identifying information, increasing data exposure risk.
In order to Deposit, you may be required to submit your billing information as well as additional personal, financial or banking information. If your Account information changes, then you must provide us with accurate and complete information.
**PrizePicks™ Terms of Service**, paragraph 36 · Citation strength: strong
medium90% confidence
Location Tracking Consent
You consent to PrizePicks monitoring and recording your entry and specific geographic location information related to your entry into a Contest.
Why it matters: Your physical location will be tracked and recorded by the service when you participate in contests, which may raise privacy concerns.
You consent to PrizePicks monitoring and recording your entry and specific geographic location information related to your entry into a PrizePicks Contest.
6.2 General Eligibility, paragraph 3 · Citation strength: strong
Cancellation and Renewal
All clear
Terms related to account termination, subscription cancellation, and automatic renewals. Potential concerns include difficult cancellation processes, lack of notice for renewals, or penalties for early termination.
✓
Looking good
No billing surprises spotted
Verbaterm only flags concerns it can cite. No cancellation, auto-renewal, or refund terms needed attention here.
Gotchas
2 findings
Potentially unfair or surprising clauses that may disadvantage the user. These can include one-sided modification clauses, broad indemnification, or waiver of consumer rights not covered in other sections.
medium90% confidence
Unilateral Modification of Terms and Services
PrizePicks reserves the right to modify or replace the Terms, Code of Conduct, or Privacy Policy at any time at its sole and unlimited discretion. It also reserves the right to modify, suspend, or discontinue Services, Content, features, or databases, temporarily or permanently, at any time for any reason, without notice or liability.
Why it matters: The company can change its terms and services at any time without notice or consequence, potentially introducing new unfavorable conditions or removing features without your consent.
PrizePicks reserves the right, at its sole and unlimited discretion, to modify or replace the Terms or Code of Conduct, or the Privacy Policy at any time. The most current version of these Terms and Code of Conduct will be available via the Site and App.
**PrizePicks™ Terms of Service**, paragraph 23 · Citation strength: strong
medium90% confidence
User Responsibility for Monitoring Term Changes
It is your responsibility to regularly check the Terms and Code of Conduct for changes. Using the Services after any modifications constitutes your acceptance of the revised terms.
Why it matters: You are solely responsible for staying informed about any changes to the terms, and your continued use of the service implies acceptance, even if you are unaware of the changes.
It is your responsibility to check the Terms and Code of Conduct regularly for changes; you shall be responsible for reviewing and becoming familiar with changes to the Terms and Code of Conduct. Use of the Services, including but not limited to logging into your Account or otherwise accessing the App or Site in any capacity other than for the exclusive purpose of reviewing these Terms or the Code of Conduct, by you after any modification(s) or revision(s) to the Terms constitutes your acceptance of the modified or revised Terms or Code of Conduct in full.
**PrizePicks™ Terms of Service**, paragraph 25 · Citation strength: strong
Protections
Not clearly stated
Explicit commitments by the company that protect user rights or offer consumer benefits beyond the legal minimums.
?
Not clearly stated
No cited protections — wording is unclear
No explicit user protections were clearly stated in the provided clauses.
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