1. Nature of Services and Legal Status
1.1 FBMO provides an educational and entertainment simulation platform designed to evaluate users' sports-analysis skills through a structured, multi-phase assessment programme (the "Evaluation Process"). Upon successful completion of the Evaluation Process, eligible users may access a simulated funded account (the "Funded Account") and may receive monetary rewards as further described in these Terms.
1.2 ALL ACCOUNTS ON THE FBMO PLATFORM — INCLUDING FUNDED ACCOUNTS — ARE ENTIRELY SIMULATED. Virtual points are used to represent theoretical stakes calculated by reference to publicly available odds. No real money is wagered on any sporting event by FBMO, by the user, or on behalf of either party through this platform at any time.
1.3 FBMO is not a sportsbook, bookmaker, casino, gambling operator, fantasy sports operator, prediction market, or any other entity regulated under gambling, wagering, or betting laws. FBMO does not hold, nor is it required to hold, a gambling licence in connection with the Services described herein. Whether the Services may be subject to regulation in any jurisdiction is a matter of local law, and it is each user's sole responsibility to verify this before accessing the Services.
1.4 Theoretical results displayed on the platform are generated by reference to publicly available odds published by independent, regulated third-party sportsbook operators, used solely to simulate realistic market conditions. FBMO has no affiliation with, sponsorship from, or endorsement by any such operator, and exercises no control over the odds they publish.
1.5 The Services are provided solely for educational, skill-development, and entertainment purposes. Nothing in these Terms or on the Website constitutes financial, investment, legal, or tax advice. FBMO OWES NO FIDUCIARY DUTY TO ANY USER IN CONNECTION WITH THE SERVICES.
1.6 Monetary rewards paid under the Funded Account Programme represent compensation for the performance data generated by users on the platform. FBMO and its affiliates use this performance data — including bet history, market selection patterns, timing behaviour, and risk management indicators — for internal research, analytical model development, and product improvement purposes. This data constitutes a genuine commercial asset to FBMO's business, and the Reward structure is calibrated to reflect that commercial value. Rewards are not gambling winnings, prizes, or returns on any wager. FBMO maintains internal documentation of its use of performance data for analytical and research purposes.
1.7 FBMO does not currently offer any account scaling, account size upgrade, or promotion programme. The Simulated Account Size selected at the time of Order is fixed for the duration of the corresponding Agreement. Should FBMO introduce an account scaling programme in the future, the applicable terms will be published on the Website and communicated to eligible users.
2. Eligible Users
2.1 Access to the Services is available exclusively to individuals and legal entities satisfying all of the following criteria:
2.1.1 If a natural person: you are at least eighteen (18) years of age, or such higher minimum age as is required by applicable law in your jurisdiction of residence (see Clause 4);
2.1.2 If a legal entity: you are duly incorporated or formed, not established or registered in a Restricted Jurisdiction, and the natural person completing registration on your behalf has full authority to bind the entity to these Terms. Where a legal entity registers, references to 'you' throughout these Terms refer to that entity, which assumes full compliance responsibility regardless of which individual accesses the Services on its behalf;
2.1.3 You are not subject to any applicable international sanctions, including those administered by OFAC, the United Nations Security Council, the European Union, the Cayman Islands, or any other competent sanctions authority. You are not a Specially Designated National or otherwise appearing on any applicable sanctions list;
2.1.4 You do not reside in, are not a citizen of, and are not located in a Restricted Jurisdiction at the time of registration or at any subsequent time during your use of the Services;
2.1.5 You have not previously been permanently excluded from the Services by FBMO, and your use of the Services complies with all applicable laws and regulations in your jurisdiction of residence; and
2.1.6 You provide, at the time of registration, your full legal name and country of residence. This information is required to enable FBMO to fulfil its sanctions screening and anti-money laundering compliance obligations. Formal sanctions screening against applicable sanctions lists is conducted at the point of each payout request in accordance with Clause 13.8. Failure to provide accurate information at registration constitutes a material breach of these Terms.
2.2 By registering and placing an Order, you represent and warrant that you meet all eligibility requirements set out in this Clause 2 on a continuous basis. THESE REPRESENTATIONS ARE RENEWED AUTOMATICALLY EACH TIME YOU PLACE AN ORDER OR SUBMIT A PAYOUT REQUEST. Providing false representations constitutes a material breach of these Terms, entitling FBMO to immediate termination, forfeiture of accrued Rewards, and all other available remedies.
2.3 If a legal entity registers for the Services and provides a business identification number, tax registration number, or similar information, that entity shall not be treated as a Consumer for the purposes of these Terms.
3. Restricted Jurisdictions
3.1 The Services are not available to individuals or entities located in, resident in, or citizens of the following jurisdictions (collectively, "Restricted Jurisdictions"):
3.1.1 INTERNATIONALLY SANCTIONED COUNTRIES: Cuba, Iran, North Korea, Syria, Russia, Belarus, and any other country, region, or territory subject to comprehensive international sanctions administered by OFAC, the United Nations Security Council, the European Union, or equivalent authorities, as updated from time to time;
3.1.2 CERTAIN JURISDICTIONS WITHIN THE UNITED STATES OF AMERICA. The following U.S. states are Restricted Jurisdictions in light of FBMO's current legal assessment of the regulatory landscape applicable to skill-based simulation platforms and analogous activities in each such state: Arizona, Arkansas, Colorado, Connecticut, Florida, Idaho, Illinois, Indiana, Iowa, Louisiana, Maryland, Massachusetts, Michigan, Montana, Nevada, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas, Virginia, and Washington. FBMO's assessment of these jurisdictions is subject to ongoing review and may be updated from time to time. Users resident in or accessing the Services from these jurisdictions are not eligible regardless of their other characteristics; and
3.1.3 OTHER RESTRICTED JURISDICTIONS: Any other jurisdiction where receipt of the Services would be unlawful, would require FBMO to obtain a licence or regulatory approval not currently held, or would otherwise expose FBMO to material legal or regulatory liability, as determined by FBMO in its sole discretion.
3.2 FBMO reserves the right to modify, expand, or reduce the list of Restricted Jurisdictions at any time, with or without prior notice. The current list is published on the Website.
3.3 It is each user's sole responsibility to ascertain whether use of the Services is lawful in their jurisdiction. FBMO makes no representation that the Services are appropriate, available, or lawful in any particular location.
3.4 Use of virtual private networks ("VPNs"), proxy services, anonymising software, or any other technical means to circumvent geographical restrictions is strictly prohibited. FBMO employs technical measures — including IP address analysis, device fingerprinting, and payment method cross-referencing — to detect circumvention attempts. Detection of any such circumvention constitutes a material breach of these Terms.
3.5 CHANGES IN ELIGIBILITY STATUS. If, during your use of the Services, you become resident or located in a Restricted Jurisdiction, or your jurisdiction of residence becomes subject to international sanctions, or you otherwise cease to satisfy the eligibility criteria in Clause 2, you must notify FBMO immediately at support@fbmo.net. FBMO may, upon becoming aware of such change, suspend your access to the Services, freeze any accrued Reward balance, and take such further action as is required under applicable law. Where the change results from international sanctions measures, applicable sanctions law shall take precedence over any contractual obligation to process Rewards.
4. Age Requirements
4.1 You must be at least eighteen (18) years of age to access or use the Services. In jurisdictions where a higher minimum age is prescribed by applicable law, the higher age requirement shall apply.
4.2 By registering, you represent and warrant that you satisfy the applicable minimum age requirement. FBMO reserves the right to request documentary proof of age at any time. The user shall provide the requested documentation within fourteen (14) calendar days of FBMO's request, failing which FBMO may suspend access to the Services and withhold any pending Rewards until verification is completed.
4.3 The Services are not directed at, designed for, or intended for use by minors. If FBMO becomes aware that a minor has accessed the Services, it will immediately deactivate the relevant account and delete associated data in accordance with its Privacy Policy.
5. Order of Services
5.1 To access the Services, you must register an account on the Website (the "User Account") by completing the registration form and creating login credentials ("Account Credentials"). You may hold only one User Account at any time. Each User Account is linked to a single, unique email address. If you require a change to your registered email address, you must submit a written request to support@fbmo.net.
5.2 After registration, you may place an order for an FBMO Challenge by selecting your preferred Simulated Account Size and completing payment (each, an "Order"). An Order is binding and creates a contractual relationship between you and FBMO upon confirmation of payment. These Terms, together with the confirmed Order, constitute the agreement between the parties (the "Agreement").
5.3 Once submitted and confirmed by payment, Order parameters cannot be changed. If you believe you have made a genuine error in your Order, you must notify FBMO at support@fbmo.net within twenty-four (24) hours of Order submission. FBMO may, entirely at its discretion, allow a one-time correction of the Simulated Account Size prior to activation, subject to payment of any applicable fee difference.
5.4 You may place multiple Orders, subject to the following limits:
5.4.1 The aggregate Simulated Account Size across all active Agreements held by a single user, or by users sharing common ownership, management, or beneficial interest, shall not exceed USD 200,000; and
5.4.2 FBMO may impose a cooldown period or suspend further Orders if it determines, acting reasonably, that a user's Order pattern is inconsistent with legitimate platform use.
5.5 All information provided during registration and in connection with any Order must be complete, accurate, truthful, and up to date. FBMO is under no obligation to independently verify the information provided.
6. Fees and Payment Conditions
6.1 Access to the FBMO Challenge is subject to payment of a one-time fee (the "Challenge Fee"). The applicable Challenge Fee for each Simulated Account Size, together with the corresponding per-account parameters (including minimum and maximum bet sizes, daily loss limit, and total loss limit), are displayed on the Website's checkout page at the time of Order. The fee and parameters confirmed at checkout constitute the binding terms for that Order. FBMO reserves the right to modify Challenge Fees and account parameters at any time; the amounts confirmed at checkout submission govern in all cases.
6.2 Challenge Fees are payable in United States Dollars (USD). FBMO accepts payment by credit card, debit card, and such other methods as are made available on the Website.
6.3 The Challenge Fee is deemed paid when the full amount is credited to FBMO's account. FBMO will confirm payment and provide access to Phase 1 without undue delay. A receipt will be made available in the User Account within fourteen (14) calendar days.
6.4 Challenge Fees are non-refundable, except where the statutory right of withdrawal is validly exercised in accordance with Clause 19. For consumers in EU member states, EEA, or the United Kingdom, the right of withdrawal set out in Clause 19 takes precedence over this Clause 6.4 to the extent of any conflict. In all other circumstances — including challenge failure, account termination for breach, or voluntary cancellation — no refund will be made.
6.5 Initiating a chargeback or payment dispute in respect of a Challenge Fee that was validly charged and for which the corresponding Services were duly provided and accessible constitutes a material breach of these Terms. FBMO reserves the right to immediately suspend your access to the Services, withhold any pending Rewards, and permanently ban your User Account.
7. User Account and Platform Access
7.1 You are solely responsible for maintaining the confidentiality and security of your Account Credentials. You must not share, disclose, transfer, or otherwise allow any third party to access your User Account. All activity conducted through your User Account is your sole responsibility.
7.2 You must notify FBMO immediately at support@fbmo.net upon becoming aware of any actual or suspected unauthorised access to your User Account.
7.3 You may hold only one (1) User Account at any time. Creation of duplicate or multiple accounts constitutes a material breach of these Terms. FBMO may employ technical and analytical measures including IP address analysis, device fingerprinting, browser fingerprinting, payment method cross-referencing, and behavioural pattern analysis to detect duplicate accounts.
7.4 The Services may be temporarily unavailable due to maintenance, technical failures, or circumstances beyond FBMO's reasonable control. FBMO assumes no liability for service interruptions.
7.5 FBMO reserves the right to suspend, restrict, or permanently terminate any User Account, in its sole discretion, if it determines the account is being used inconsistently with these Terms, that there is a risk of fraud or abuse, or that continued access would compromise platform integrity.
7.6 Upon termination of your User Account, all active Agreements shall terminate and all access to the Services shall cease.
8. The FBMO Evaluation Process
Overview
8.1 The FBMO Evaluation Process consists of a two-phase challenge (the "FBMO Challenge") designed to assess whether a user has the analytical discipline, risk management capability, and consistency required to participate in the FBMO Funded Account Programme. Both phases are governed by identical rules as set out in this Clause 8.
8.2 Each phase is activated when the user places their first simulated bet on the platform. If the user does not activate a phase within forty-five (45) calendar days of access being made available, access to that phase will be automatically suspended and the corresponding Challenge Fee will be forfeited. This forty-five (45) day activation window is independent of the forty-five (45) day maximum completion period described in Clause 8.9: a user therefore has a maximum of forty-five (45) calendar days to activate a phase, and a further maximum of forty-five (45) calendar days from the date of activation to complete it, resulting in a maximum total of ninety (90) calendar days from the date access is granted. The user may submit a written reinstatement request to support@fbmo.net within six (6) months of the initial suspension.
Challenge Structure — Three Independent Pillars
8.3 Each phase is assessed across three independent pillars that operate simultaneously. Satisfying one pillar does not offset a failure in another.
8.3.1 PILLAR 1 — PROGRESS. Progress measures advancement toward the Profit Target of ten percent (10%) of the Phase Opening Balance. Each winning Valid Bet contributes to progress, but the contribution of any single winning bet is capped at the applicable Consistency Cap: fifteen percent (15%) of the Profit Target in Phase 1 (equal to 1.5% of the Phase Opening Balance), and ten percent (10%) of the Profit Target in Phase 2 (equal to 1.0% of the Phase Opening Balance). Losing bets deduct their full loss from the user's progress without any cap.
8.3.2 PILLAR 2 — RISK RULES. Two Risk Rules apply simultaneously: (a) Maximum Drawdown (net basis). The user's simulated account balance must not fall below ninety percent (90%) of the Phase Opening Balance at any point. Drawdown is measured on a net basis against the fixed Phase Opening Balance: winning bets and losing bets are netted against each other, and the rule is breached only when the cumulative net balance crosses the 90% threshold. It is not measured against any subsequent high-water mark. (b) Daily Loss Limit (gross basis). The gross sum of simulated losses on any single UTC+0 calendar day must not exceed five percent (5%) of the Phase Opening Balance. For the avoidance of doubt, winning bets settled on the same day do NOT offset losing bets for the purpose of this calculation. Only bets with a final settled status of Won or Lost (Valid Bets) are taken into account; unrealised losses on open bets are excluded. Breaching either Risk Rule causes immediate phase failure regardless of progress.
8.3.3 PILLAR 3 — PASSING REQUIREMENTS. Assessed only once the user has reached the Profit Target: (a) a minimum of thirty (30) Valid Bets; and (b) a minimum of five (5) Trading Days.
Challenge Parameters
8.4 The following parameters apply to each phase as indicated below: Parameter Value
Profit Target 10% of Phase Opening Balance Consistency Cap Phase 1: 15% of Profit Target per winning bet (= 1.5% of Phase Opening Balance); Phase 2: 10% of Profit Target per winning bet (= 1.0% of Phase Opening Balance) Maximum Drawdown 10% of Phase Opening Balance (net basis; cumulative net balance vs. fixed opening reference)
Daily Loss Limit 5% of Phase Opening Balance (gross basis; sum of losses only; wins do not offset; settled bets only)
Minimum Valid Bets 30 per phase
Minimum Trading Days 5 per phase Maximum Duration 45 calendar days per phase
Minimum Odds
1.50 decimal; for combinations, combined odds must be >= 1.50
Minimum Stake 0.5% of nominal Simulated Account Size per bet Maximum Stake 2% of nominal Simulated Account Size per bet
8.5 VALID BETS. Only bets with a final settled status of Won or Lost count as Valid Bets. Bets with a status of Void, Cancelled, or Pending do not count toward the minimum Valid Bet count, do not count as Trading Days, and do not contribute to or detract from progress.
8.6 AVAILABLE SPORTS. Simulated bets may be placed on: Soccer (Association Football), Basketball, and Tennis. FBMO reserves the right to add or remove sports upon reasonable notice.
8.7 COMBINATION BETS. The platform supports combination bets (parlays). For a combination bet to be valid: the combined decimal odds must be at least 1.50; the stake is subject to the same 0.5% minimum and 2% maximum limits as a single bet; and the combination counts as one Valid Bet for Passing Requirements purposes.
8.8 ODDS AND RESULT CALCULATION. Simulated results are calculated using the odds available on the platform at the moment the bet is confirmed and recorded (the "Pick Confirmation Time"). If a user believes a discrepancy at Pick Confirmation Time was caused by a platform malfunction rather than a genuine market movement, the user must report the issue to support@fbmo.net within forty-eight (48) hours.
8.9 MAXIMUM DURATION. Each phase has a maximum duration of forty-five (45) calendar days from the date of activation. If the phase is not passed within this period, it fails automatically and the Challenge Fee is forfeited.
Passing and Failing
8.10 A phase is PASSED when the user has simultaneously: (i) reached the Profit Target as measured by the progress calculation in Clause 8.3.1; (ii) not breached either Risk Rule at any point; (iii) completed the minimum Valid Bet count; (iv) completed the minimum Trading Days count; (v) done so within the 45-day maximum completion period; and (vi) not engaged in any Prohibited Practice.
8.11 A phase is IMMEDIATELY FAILED if: (i) the user's simulated net account balance falls below ninety percent (90%) of the Phase Opening Balance (Maximum Drawdown breach); (ii) the gross sum of simulated losses on any single UTC+0 calendar day exceeds five percent (5%) of the Phase Opening Balance (Daily Loss Limit breach); (iii) the forty-five (45) day maximum completion period (as set out in Clause 8.9) expires before the phase is passed; (iv) the user engages in any Prohibited Practice; or (v) the user commits any other material breach of these Terms.
8.12 FBMO has no obligation to evaluate a completed phase if the user has unsettled open bets at the time of the evaluation request. If open bets cannot be settled due to a technical issue attributable to FBMO, the user must report the issue to support@fbmo.net within forty-eight (48) hours.
8.13 Upon successful completion of Phase 1, access to Phase 2 will be granted at no additional charge. Upon successful completion of Phase 2, the user will be invited to apply for the Funded Account Programme, subject to the criteria in Clause 8.14.
8.14 Successful completion of both phases does not automatically guarantee admission to the Funded Account Programme. FBMO may decline to admit a user only where: (i) admission would cause the aggregate Simulated Account Size to exceed USD 200,000; (ii) FBMO has reasonable grounds to believe the user engaged in Prohibited Practices; or (iii) the user does not satisfy the eligibility criteria in Clause 2 at the time of admission.
9. The FBMO Funded Account Programme
Overview
9.1 Upon successful completion of both phases and satisfaction of the admission criteria in Clause 8.14, FBMO will grant the user access to a Funded Account (the "Programme"). The Funded Account is, at all times, a simulated account. No real money is wagered on any sporting event in connection with the Funded Account. Rewards paid to participants under the Programme are governed by Clauses 9 and 13.
Identity and Eligibility Verification at Admission
9.2 IDENTITY AND ELIGIBILITY VERIFICATION AT ADMISSION. Prior to activating a Funded Account, FBMO may require the participant to provide basic identity verification, including government-issued photo identification and proof of address. Date of birth, national identification number, and payment account documentation are not required at this stage and will instead be requested at the point of the participant's first payout request, in accordance with Clause 13.7, or earlier where necessary to resolve a sanctions screening hold. The participant must provide any requested documentation within fourteen (14) calendar days of FBMO's request, failing which FBMO may suspend access to the Funded Account until verification is completed.
9.3 The Funded Account has the same nominal Simulated Account Size as the phases completed during the Evaluation Process. The opening balance of the Funded Account constitutes the initial Baseline for payout purposes (the "Baseline"). The Baseline resets upon each approved payout request as described in Clause 9.12.
Risk Rules in the Funded Account
9.4 The following Risk Rules apply continuously throughout the Funded Account Programme:
9.4.1 Maximum Drawdown (net basis). The user's simulated account balance must not fall below ninety percent (90%) of the nominal Simulated Account Size at any point. Drawdown is measured on a net basis: winning and losing bets are netted against each other against the fixed nominal Simulated Account Size. The rule is not measured against any subsequent high-water mark or adjusted Baseline.
9.4.2 Daily Loss Limit (gross basis). The gross sum of simulated losses on any single UTC+0 calendar day must not exceed five percent (5%) of the nominal Simulated Account Size. Winning bets settled on the same day do not offset losing bets for this calculation. Only bets with a final settled status of Won or Lost are taken into account; unrealised losses on open bets are excluded.
9.5 Breach of either Risk Rule results in immediate Funded Account failure. A failed Funded Account cannot be reinstated. The treatment of any accrued Reward balance upon failure is governed by Clause 13.11.
Stake Rules in the Funded Account
9.6 All bets placed on the Funded Account must comply with the following stake rules, calculated as a percentage of the nominal Simulated Account Size:
9.6.1 Minimum stake per bet: 0.5% of the nominal Simulated Account Size; and
9.6.2 Maximum stake per bet: 2% of the nominal Simulated Account Size.
9.7 The Consistency Cap applicable during the Evaluation Process does NOT apply to the Funded Account.
9.8 The minimum odds requirement of 1.50 (decimal), the Valid Bet definition, and the combination bet rules set out in Clauses 8.5, 8.6, and 8.7 apply equally to the Funded Account.
Payout Eligibility
9.9 FIRST PAYOUT. A participant becomes eligible to submit their first payout request when all of the following conditions are simultaneously satisfied: (i) the Net Simulated Balance exceeds the Baseline by at least ten percent (10%) of the nominal Simulated Account Size; (ii) the participant has completed a minimum of thirty (30) Valid Bets; and (iii) the participant has been active for a minimum of fourteen (14) Trading Days.
9.10 SUBSEQUENT PAYOUTS. Following the first processed payout, the participant becomes eligible for further payout requests when: (i) the Net Simulated Balance exceeds the then-current Baseline; (ii) at least fourteen (14) calendar days have elapsed since the date of submission of the immediately preceding payout request; and (iii) the participant has completed a minimum of twenty (20) Valid Bets since the date of submission of the immediately preceding payout request.
9.11 A participant may not submit a payout request if: (i) they have any unsettled open bets at the time of the request; or (ii) a previously submitted payout request is still pending administrative processing.
Payout Mechanics — Baseline and Cycle Reset
9.12 Upon submission of a payout request, the following occurs simultaneously and automatically:
9.12.1 The full amount requested (100%) is immediately deducted from the participant's simulated account balance;
9.12.2 An administrative payment order is generated for eighty percent (80%) of the requested amount (the "Reward"); and
9.12.3 The Baseline resets to the participant's simulated account balance after the deduction in Clause 9.12.1. The new payout cycle commences on the date of the payout request.
9.13 The participant may continue placing bets using the remaining balance while the administrative payment order is pending.
Rejected Payout Requests
9.14 FBMO reserves the right to reject a payout request where it has reasonable grounds to determine that the participant engaged in Prohibited Practices in connection with the profits giving rise to the request. A rejection has the following non-reversible consequences absent a successful appeal under Clause 12:
9.14.1 The amount deducted from the simulated account balance is NOT returned;
9.14.2 The Baseline reset IS NOT reversed; and
9.14.3 The payout cycle reset IS NOT reversed. The participant must satisfy all payout eligibility conditions afresh from the new Baseline.
9.15 FBMO will notify the participant of any rejection and the general basis for it. The participant may invoke the appeals process in Clause 12 within fourteen (14) calendar days of receiving notice of the rejection.
Funded Account Failure
9.16 If the participant breaches either Risk Rule on the Funded Account, the account is immediately marked as failed and all activity ceases. A failed Funded Account cannot be reinstated. To continue participating in the Programme, the participant must purchase a new FBMO Challenge.
9.17 Participants may not hold Funded Accounts with an aggregate nominal Simulated Account Size exceeding USD 200,000 at any time.
10. Rules of Simulated Betting
10.1 All bets must be placed personally by you and may not be placed by or in coordination with any third party.
10.2 You must conduct your simulated betting activity in a manner consistent with disciplined bankroll management and genuine analytical intent.
10.3 The Daily Loss Limit is calculated on a rolling UTC+0 calendar day basis, resetting at 00:00:00 UTC. The calculation is performed on a gross basis: only the sum of losses from bets settled during that UTC+0 day is taken into account, and winning bets settled on the same day do not offset losing bets. Unrealised losses on open bets that remain unsettled at 00:00:00 UTC are not included in the Daily Loss calculation for that day; such bets will be incorporated into the relevant calculation only on the UTC+0 day on which they settle.
10.4 You acknowledge that FBMO monitors your simulated betting activity and may use and share anonymised performance data as described in Clauses 1.6 and 25.
10.5 FBMO reserves the right to impose additional account-level restrictions where it determines such restrictions are necessary to preserve platform integrity.
11. Prohibited Practices
11.1 The following practices are strictly prohibited at all times (collectively, "Prohibited Practices"):
11.1.1 ACCOUNT SHARING AND DELEGATION. Sharing, selling, lending, or otherwise transferring access to your User Account or platform credentials to any third party; allowing any third party to place simulated bets on your behalf or in coordination with you.
11.1.2 MULTIPLE ACCOUNTS. Creating, accessing, or operating more than one User Account simultaneously, whether under your own name or any alias or third-party identity.
11.1.3 USE OF AUTOMATED TOOLS AND EXTERNAL SOFTWARE. Using bots, scripts, algorithms, artificial intelligence tools, betting calculators, or any automated or semi-automated means to analyse, select, or place simulated bets without FBMO's prior written consent. A pattern of bets placed with machine-like timing regularity, systematic application of a single strategy without variation, or bet volumes inconsistent with human analytical capacity shall constitute prima facie evidence of automated activity sufficient for FBMO to initiate enforcement action.
11.1.4 EXPLOITATION OF PLATFORM ERRORS. Deliberately taking advantage of technical errors, glitches, pricing discrepancies, or system delays to generate artificial simulated profits or circumvent platform rules.
11.1.5 ARBITRAGE AND COORDINATED HEDGING. Placing simulated bets in a coordinated manner across multiple accounts with the intent of locking in guaranteed simulated profits regardless of outcome.
11.1.6 WASH BETTING. Placing simulated bets solely for the purpose of meeting the minimum Valid Bet count or minimum Trading Days requirements without genuine analytical intent.
11.1.7 CIRCUMVENTION OF GEOGRAPHICAL RESTRICTIONS. Accessing the Services from a Restricted Jurisdiction or using VPNs, proxies, or other technical means to mask your true geographical location.
11.1.8 PROVISION OF FALSE INFORMATION. Providing false, misleading, or fraudulent information at registration, in connection with an Order, in connection with a payout request, or at any other time, including without limitation false representations regarding your jurisdiction of residence or eligibility under Clause 2.
11.1.9 GAMBLING-PATTERN BEHAVIOUR. Engaging in simulated betting patterns that reflect gambling behaviour rather than disciplined analytical practice. Objective indicators include: (i) placing a single bet with a stake exceeding two percent (2%) of the nominal Simulated Account Size; (ii) placing bets on five or more simultaneous events with maximum or near-maximum stakes; (iii) placing bets exclusively on very high odds selections (above 10.00 decimal) in a systematic or repeated manner; and (iv) any other pattern inconsistent with disciplined skill-based analysis in FBMO's reasonable assessment.
11.1.10 ANY OTHER CONDUCT designed to circumvent the spirit and intent of the Evaluation Process or Funded Account Programme, or to exploit the payout mechanics for purposes unrelated to genuine skill demonstration.
11.2 FBMO may update the list of Prohibited Practices from time to time. The current list is published on the Website.
12. Consequences of Violations; Appeals Process
Enforcement Actions
12.1 If FBMO determines, acting reasonably and on the basis of available evidence, that you have engaged in any Prohibited Practice or have otherwise materially breached these Terms, FBMO may, without prior notice, take any one or more of the following actions:
12.1.1 Treat the relevant FBMO Challenge phase or Funded Account as immediately failed or terminated;
12.1.2 Cancel, void, or reclassify any or all simulated bets placed in violation of these Terms;
12.1.3 Immediately suspend or permanently terminate your access to the Services;
12.1.4 Cancel any pending or approved payout requests and forfeit any accumulated simulated profits associated with the violation;
12.1.5 Permanently ban you from registering any future User Account; and/or
12.1.6 Pursue any legal or equitable remedy available under applicable law.
12.2 FBMO will endeavour to notify you of enforcement action via your registered email address. It is not required to provide advance notice before taking action.
12.3 If Prohibited Practices are identified on accounts that FBMO reasonably determines to be connected — based on shared payment methods, shared devices, shared IP addresses, or coordinated betting patterns — FBMO may take enforcement action against all such accounts simultaneously.
Appeals Process
12.4 If FBMO takes enforcement action against your account under this Clause 12, or rejects a payout request under Clause 9.14, you may submit a written appeal to support@fbmo.net within fourteen (14) calendar days of receiving notice of the action. Your appeal must include: (a) your account identifier; (b) a clear statement of the grounds for your appeal; and (c) any supporting documentation or evidence.
12.5 FBMO will acknowledge receipt of your appeal within five (5) Business Days and will provide a substantive written response within thirty (30) calendar days of receipt. During the appeals period, suspended Rewards will be held pending the outcome and will not be permanently forfeited solely by reason of the pendency of the appeal.
12.6 FBMO's decision following the appeals process is final and binding, subject only to the dispute resolution procedure in Clause 23.
13. Payouts and Reward Mechanics
Profit Split
13.1 Participants in the Funded Account Programme who submit eligible payout requests are entitled to receive a monetary reward equal to eighty percent (80%) of the amount requested (the "Reward"). The remaining twenty percent (20%) is retained by FBMO as consideration for the platform, data infrastructure, and analytical services provided. The nature and legal characterisation of Rewards are governed by Clause 1.6.
Payout Eligibility
13.2 Payout eligibility conditions are set out in full in Clauses 9.9 through 9.11.
Minimum Payout Amount
13.3 A minimum payout threshold applies to each payout request. The current minimum payout amount is published on the Website and may be updated by FBMO at any time upon reasonable notice.
Processing Time
13.4 FBMO will process approved payout requests within seventy-two (72) hours of approval, excluding Saturdays, Sundays, and public holidays observed in the Cayman Islands (the current official calendar of which is published by the Cayman Islands Government). Processing delays caused by circumstances beyond FBMO's reasonable control shall not constitute a breach of these Terms.
Payment Methods
13.5 Rewards will be paid via one of the following methods, as selected by the participant at the time of the payout request and subject to availability:
13.5.1 Bank transfer — transfer to a verified bank account held in the participant's own name;
13.5.2 PayPal — transfer to a verified PayPal account registered in the participant's own name;
13.5.3 Cryptocurrency — by on-chain transfer to a wallet address verified as belonging to the participant; or
13.5.4 Razorpay — for participants in eligible jurisdictions, transfer to an account registered in the participant's own name. FBMO reserves the right to add, remove, or temporarily suspend any payout method at any time, and to determine which methods are available to a given participant based on jurisdiction, compliance requirements, or operational considerations. The availability of a particular method at the time of one payout request does not guarantee its availability for future requests.
13.6 If a payout transfer is rejected or returned by the receiving institution for any reason, FBMO will notify the participant via email. The participant must provide corrected payment details within fourteen (14) calendar days; failure to do so will result in the payout request being cancelled and the amount returned to the participant's Reward balance.
Identity Verification
13.7 All payout requests are subject to FBMO's standard review. Prior to processing a participant's first payout request, FBMO will require the participant to complete full identity verification, including date of birth, national identification number, and payment account documentation, in addition to any documentation previously provided under Clause 9.2. FBMO may also require updated or supplementary documentation at any subsequent payout request where reasonably necessary. When requested, the participant must provide the required documentation within fourteen (14) calendar days. If documentation remains outstanding after sixty (60) calendar days, FBMO may cancel the specific payout request; however, the underlying accrued Reward balance will remain credited to the account. FBMO shall not permanently forfeit an accrued Reward balance solely on the grounds of a failure to complete identity verification, unless the user is found to be ineligible under Clause 2 or to have engaged in a Prohibited Practice.
Sanctions Screening
13.8 SANCTIONS SCREENING. Prior to processing any payout request, FBMO conducts automated sanctions screening in accordance with the following procedure:
13.8.1 FBMO screens the participant's full legal name and country of residence against applicable international sanctions lists, including the OFAC Specially Designated Nationals (SDN) List, OFAC Non-SDN Consolidated List, UN Security Council sanctions, EU Financial Sanctions, UK OFSI sanctions, and the Cayman Islands sanctions regime, using a third-party screening service updated on a regular basis in line with the screening service provider's standard refresh cycle.
13.8.2 All screening checks are logged with timestamps and retained for audit purposes in accordance with Clause 14.
13.8.3 If a payout request generates a potential match against any sanctions list, FBMO will place the payout on hold pending manual review and will notify the participant of the hold within two (2) Business Days of the hold being applied.
13.8.4 FBMO will complete manual review within ten (10) Business Days of the hold being applied. To assist in resolving potential matches, FBMO may request additional identifying information from the participant, including date of birth or national identification number.
13.8.5 If manual review confirms that the match is a false positive, the payout will be released and processed within the standard timeframe set out in Clause 13.4.
13.8.6 If FBMO determines that the participant is a sanctioned person or entity, the payout will be permanently blocked, the accrued Reward balance will be frozen, and FBMO will take such further action as may be required under applicable law, including reporting to relevant authorities. FBMO is legally prohibited from notifying the participant when such a report is made.
13.8.7 Participants acknowledge that FBMO's obligation to comply with applicable international sanctions law takes precedence over any contractual obligation to process a payout, and that FBMO shall have no liability to any participant in connection with any hold, block, or report made in good faith pursuant to its sanctions compliance obligations.
Tax Obligations
13.9 Participants are solely responsible for all taxes, duties, levies, and governmental charges arising from the receipt of any Reward in their jurisdiction of residence, including the characterisation of such Rewards for tax purposes under applicable local law. Participants acknowledge that FBMO's contractual characterisation of Rewards as compensation for performance data does not bind any tax authority and may differ from the tax treatment applied by their local revenue authority. FBMO does not provide tax advice and strongly recommends that participants seek independent tax advice from a qualified adviser in their jurisdiction before submitting any payout request. Where FBMO is required by applicable law to make any tax withholding or reporting in connection with Rewards paid, it will do so and may request such information and documentation from participants as is necessary to fulfil those obligations.
13.10 Rewards are personal to the participant and may not be assigned, transferred, pledged, or otherwise disposed of to any third party without FBMO's prior written consent.
Treatment of Accrued Rewards Upon Account Failure or Termination
13.11 The treatment of any accrued Reward balance upon termination or failure of a Funded Account depends on the reason for termination:
13.11.1 Failure due to breach of Risk Rules: The participant retains any Reward balance that had accrued and was eligible for payout prior to the breach event. The participant must submit a payout request within thirty (30) calendar days of the failure notice. Accrued Reward balances not claimed within this window will be forfeited.
13.11.2 Failure or termination due to Prohibited Practices or material breach: All accrued Reward balances are forfeited in their entirety. The participant may challenge this determination through the appeals process in Clause 12.4.
13.11.3 Voluntary termination by participant: The participant may request a final payout of any eligible Reward balance within the notice period applicable under Clause 20.6, namely (i) fourteen (14) calendar days for participants who are not consumers ordinarily resident in the EU/EEA/UK, or (ii) thirty (30) calendar days following the effective date of termination for participants who are consumers ordinarily resident in the EU/EEA/UK.
13.11.4 Termination for inactivity by FBMO: Any eligible Reward balance accrued prior to the commencement of the inactivity period shall be paid to the participant within thirty (30) calendar days of the termination notice.
Dormant Accounts
13.12 If a participant maintains an accrued Reward balance on a Funded Account and does not access the User Account, place any Valid Bet, or submit a payout request for a continuous period of twelve (12) months, FBMO will send a dormancy notice to the participant's registered email address. If the participant does not respond, place a Valid Bet, or submit a payout request within ninety (90) calendar days of the dormancy notice, FBMO may forfeit the accrued Reward balance. This Clause does not affect Reward balances that are subject to legal hold, sanctions hold, or ongoing investigation, which are governed by Clauses 13.8 and 14.
13.13 CONCURRENT HOLDS. In the event that two or more of the regimes described in Clauses
13.7 (identity verification), 13.8 (sanctions screening), and 14.4 (AML freeze) apply simultaneously to a single participant, the regime imposing the more restrictive outcome on payout processing shall prevail until all applicable holds have been resolved. The resolution of one hold does not automatically release holds imposed under a separate regime.
14. Anti-Money Laundering
14.1 FBMO is committed to operating in compliance with applicable anti-money laundering laws and regulations, including the Cayman Islands Anti-Money Laundering Regulations (2023 Revision) and the Proceeds of Crime Act (2020 Revision). By using the Services, you represent and warrant that: (a) all funds used to pay any Challenge Fee are derived from legitimate sources; (b) you are not using the Services for the purpose of laundering the proceeds of any criminal activity; and (c) any Reward received from FBMO will not be used in furtherance of any illegal activity.
14.2 FBMO reserves the right to implement AML screening, transaction monitoring, and enhanced due diligence procedures at any time. FBMO may request information and documentation from users for AML compliance purposes, and users agree to cooperate fully.
14.3 FBMO reserves the right to report suspicious transactions or activities to relevant authorities as required by applicable law, including the Cayman Islands Financial Reporting Authority ("FRA"), without prior notice to the user. FBMO shall have no liability to any user in connection with any report made in good faith.
14.4 FBMO may decline to process any payout, and may freeze or forfeit any accrued Reward balance, where it has reasonable grounds to suspect that a user or the Reward balance is connected to money laundering, fraud, or other financial crime.
14.5 FBMO may conduct screening of participants against lists of Politically Exposed Persons ("PEPs") in accordance with applicable AML regulations and the Financial Action Task Force ("FATF") Recommendation 12. Where a participant is identified as a PEP or close associate of a PEP, FBMO may apply enhanced due diligence measures, including requesting additional documentation or imposing enhanced monitoring on the relevant account.
15. Use of the Website, Services, and Content
15.1 FBMO grants you a limited, personal, non-exclusive, non-transferable, revocable licence to access and use the Website and Services solely for the purposes contemplated by these Terms.
15.2 You agree that you will not, under any circumstances: (i) use any automated tool, scraper, or crawler to extract content from the Website without FBMO's prior written consent; (ii) reverse engineer, decompile, or disassemble the platform; (iii) introduce or transmit any malware or malicious code; (iv) attempt to gain unauthorised access to any part of the Website; or (v) use the Services for any unlawful purpose.
15.3 USE OF THE PLATFORM. The Services are an educational and entertainment simulation platform. Users are encouraged to use the Services in a manner consistent with the educational purposes for which they are designed. FBMO reserves the right to implement activity limitation features at its discretion.
16. Intellectual Property
16.1 All content on the Website and platform — including text, graphics, logos, icons, data, software, platform architecture, and the overall look and feel (collectively, the "Content") — is the exclusive property of FBMO or its licensors and is protected by applicable intellectual property laws.
16.2 No Content may be reproduced, distributed, publicly displayed, transmitted, or modified without FBMO's prior express written consent.
16.3 Any feedback, suggestions, or ideas you submit to FBMO regarding the Services may be used by FBMO without restriction or compensation. You irrevocably assign to FBMO all intellectual property rights in such feedback.
17. Disclaimer and Limitation of Liability
17.1 THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, FBMO EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND ACCURACY.
17.2 FBMO DOES NOT WARRANT THAT: (A) THE SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE; (B) THE THEORETICAL RESULTS DISPLAYED ON THE PLATFORM WILL ACCURATELY REFLECT OUTCOMES ACHIEVABLE IN REAL-WORLD BETTING MARKETS; OR (C) ANY PARTICULAR OUTCOME, REWARD, OR LEVEL OF PERFORMANCE WILL BE ACHIEVED.
17.3 TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL FBMO, ITS MEMBERS, OFFICERS, EMPLOYEES, AGENTS, OR LICENSORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE SERVICES, REGARDLESS OF THE THEORY OF LIABILITY.
17.4 TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, FBMO'S TOTAL AGGREGATE LIABILITY TO YOU SHALL NOT EXCEED THE AMOUNT OF THE CHALLENGE FEE ACTUALLY PAID BY YOU FOR THE SPECIFIC ORDER TO WHICH THE CLAIM RELATES.
17.5 FBMO is not responsible for any real-money betting decisions you make in reliance on information, results, or data obtained through the Services. The Services are simulation-only and any decisions you make based on platform data outside the Services are entirely at your own risk.
18. Indemnification
18.1 You agree to indemnify, defend, and hold harmless FBMO, its members, officers, employees, agents, successors, and assigns (collectively, the "FBMO Parties") from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable legal fees) arising out of or relating to: (i) your access to or use of the Services; (ii) your violation of any provision of these Terms; (iii) your violation of any applicable law or regulation; or (iv) your infringement of any third-party rights.
18.2 FBMO reserves the right to assume exclusive control of the defence of any matter subject to indemnification by you. You may not settle any such claim without FBMO's prior written consent.
19. Right of Withdrawal
19.1 If you are a consumer located in a jurisdiction that affords a statutory right of withdrawal or cancellation in respect of online purchases — including consumers protected by the laws of European Union member states, the European Economic Area, the United Kingdom, or jurisdictions with equivalent statutory rights — you may withdraw from an Agreement within fourteen (14) calendar days of the date on which the Agreement was concluded, without providing a reason.
19.2 You will lose your right of withdrawal if you activate the first phase of the FBMO Challenge by placing your first simulated bet within the fourteen (14) day withdrawal period. To record your express consent, FBMO requires you to check a specific confirmation box at checkout before placing your first bet, acknowledging that activation will result in the loss of your withdrawal right.
19.3 To exercise your right of withdrawal — before activating the Challenge — you must notify FBMO at support@fbmo.net, clearly stating your intention to withdraw and your Order reference. Upon receipt of a valid withdrawal notice, FBMO will refund the Challenge Fee within fourteen (14) calendar days using the original payment method.
19.4 Where no statutory right of withdrawal applies — including where you have registered as a business or legal entity, where you have activated the Challenge, or where no such right exists under applicable law — Challenge Fees are non-refundable.
20. Duration and Termination
20.1 Each Agreement commences on the date of Order confirmation and continues until the relevant phase of the FBMO Challenge has been completed, failed, or otherwise terminated in accordance with these Terms.
20.2 An Agreement terminates automatically and with immediate effect upon: (i) your failure to activate a phase within 45 days and failure to seek reinstatement within the six-month window in Clause 8.2; (ii) your death or, in the case of a legal entity, a filing for insolvency, liquidation, or dissolution; (iii) your registration of a duplicate account; or (iv) a modification to these Terms that you have validly rejected under Clause 22.
20.3 FBMO may terminate any Agreement with immediate effect upon: (i) material breach by you of any provision of these Terms; (ii) your engagement in any Prohibited Practice; (iii) FBMO's determination that provision of the Services would violate any applicable law; (iv) your failure to satisfy the eligibility criteria in Clause 2 at any time; or (v) prolonged inactivity as set out in Clause 20.4.
20.4 FBMO may terminate a Funded Account Agreement where the participant: (i) places no Valid Bet for a continuous period of thirty (30) calendar days; or (ii) maintains a Net Simulated Balance at or below the Maximum Drawdown threshold for more than thirty (30) consecutive calendar days.
20.5 Where FBMO terminates a Funded Account under Clause 20.4 for inactivity, the treatment of any accrued Reward balance is governed by Clause 13.11.4.
20.6 Either party may terminate an Agreement without cause upon fourteen (14) calendar days' written notice. Notices of termination by participants must be sent to support@fbmo.net. FOR PARTICIPANTS WHO ARE CONSUMERS LOCATED IN EUROPEAN UNION MEMBER STATES, EEA, OR THE UNITED KINGDOM, any accrued Reward balance that was eligible for payout at the date of the termination notice shall remain available for payout request for a period of THIRTY (30) CALENDAR DAYS following the effective date of termination. FOR ALL OTHER PARTICIPANTS, Rewards not requested within the fourteen-day notice period will be forfeited upon termination.
20.7 Clauses 1, 13 (to the extent of accrued Reward rights not forfeited by breach), 16, 17, 18, 23, 24, 25, and 26 shall survive termination of any Agreement.
20.8 CONTINUITY OF OBLIGATIONS ON CORPORATE TRANSACTIONS. In the event of a merger, acquisition, restructuring, sale of all or substantially all of FBMO's business or assets, or transfer of the Services to a successor entity, FBMO shall procure that the successor entity assumes all of FBMO's outstanding payment obligations to participants in respect of accrued Reward balances, and is bound by obligations to participants no less protective than those set out in these Terms. FBMO will provide reasonable notice to users of any such transaction.
21. Technical Issues and Complaints
21.1 If you experience any technical issue with the platform, you must report it as soon as reasonably practicable by contacting FBMO at support@fbmo.net or via https://t.me/fbmo_support.
21.2 If you continue to place simulated bets after observing a technical issue but before receiving a response from FBMO, you do so at your own risk.
21.3 Complaints may be submitted to support@fbmo.net. FBMO will acknowledge receipt promptly and will endeavour to resolve the complaint within thirty (30) calendar days.
22. Amendments to These Terms
22.1 FBMO reserves the right to amend these Terms at any time. FBMO will provide notice of any material amendment at least seven (7) calendar days before it takes effect, by posting updated Terms on the Website and notifying registered users via their registered email address or User Account dashboard.
22.2 Your continued use of the Services after the effective date of any amendment constitutes acceptance of the amended Terms. If you do not agree with an amendment, you must notify FBMO at support@fbmo.net before the effective date.
23. Dispute Resolution and Arbitration
Informal Resolution
23.1 Before initiating any formal dispute resolution process, the parties agree to attempt in good faith to resolve any dispute, claim, or controversy arising out of or relating to these Terms or the Services (a "Dispute") through direct negotiation. You must first notify FBMO of the Dispute by sending a written description to support@fbmo.net. The parties will have thirty (30) calendar days from the date of that notice to attempt informal resolution. Binding Arbitration
23.2 If the Dispute is not resolved through informal negotiation, it shall be finally and exclusively resolved by binding individual arbitration administered by the London Court of International Arbitration ("LCIA") in accordance with the LCIA Rules in effect at the time the arbitration is commenced, which rules are incorporated herein by reference. The arbitration shall be conducted in the English language.
23.3 The arbitrator's decision shall be final, binding, and enforceable in any court of competent jurisdiction. The arbitrator shall have authority to award any remedy a court of competent jurisdiction could award, except that punitive damages shall not be awarded except as expressly authorised by applicable law.
Class Action Waiver
23.4 YOU AND FBMO EACH AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION. If any Dispute proceeds in court rather than in arbitration, you and FBMO each waive any right to a jury trial and any right to participate as a class representative or class member in any class action. The provisions of this Clause
23.4 do not apply to the extent prohibited by applicable mandatory consumer protection law in the user's jurisdiction of residence.
Exceptions
23.5 Either party may seek emergency injunctive or other equitable relief from a court of competent jurisdiction to prevent irreparable harm pending the outcome of arbitration, without waiving the right to arbitrate the underlying Dispute.
23.6 To the extent permitted by applicable law, any Dispute must be initiated within one (1) year of the date on which the relevant cause of action arose, after which it shall be permanently time-barred.
23.7 CONSUMER PROTECTIONS — MANDATORY RIGHTS. If you are a consumer ordinarily resident in the European Union, European Economic Area, or United Kingdom, nothing in this Clause 23 shall deprive you of the protection of mandatory provisions of the law of your country of residence, including any right to bring proceedings in the courts of your country of residence that cannot be waived by contract. The choice of Cayman Islands law in Clause 24 shall not deprive you of the protection afforded by mandatory provisions of the law of your country of residence.
24. Governing Law
24.1 These Terms and all Agreements concluded hereunder, and any non-contractual obligations arising therefrom, shall be governed by and construed in accordance with the laws of the CAYMAN ISLANDS, without regard to conflict of laws principles.
24.2 To the extent that any Dispute is not subject to arbitration under Clause 23, the parties submit to the non-exclusive jurisdiction of the courts of the Cayman Islands. The non-exclusive nature of this submission preserves mandatory consumer rights under Clause 23.7.
25. Privacy and Data
25.1 FBMO processes personal data in accordance with its Privacy Policy, available at https://fbmo.net/privacy-policy/, which is incorporated into these Terms by reference.
25.2 FBMO may collect, retain, process, and use data relating to your simulated betting activity for operating and improving the Services, internal research, and, in anonymised form, for business analytics. As noted in Clauses 1.6 and 10.4, this data constitutes a genuine commercial asset and the commercial basis for the Reward structure.
25.3 You must inform FBMO at support@fbmo.net if you use the same payment instrument to access the Services across more than one User Account.
26. General Provisions
26.1 ENTIRE AGREEMENT. These Terms, together with any Order confirmation and the Privacy Policy, constitute the entire agreement between you and FBMO and supersede all prior agreements, representations, and understandings.
26.2 SEVERABILITY. If any provision of these Terms is held invalid, illegal, or unenforceable, it will be modified to the minimum extent necessary to make it enforceable. The remaining provisions will continue in full force and effect.
26.3 WAIVER. No failure or delay by FBMO in exercising any right or remedy shall constitute a waiver of that right.
26.4 ASSIGNMENT. FBMO may assign, transfer, or delegate any of its rights or obligations to any affiliate, successor, or acquirer without your consent. You may not assign, transfer, or delegate any of your rights or obligations without FBMO's prior written consent.
26.5 FORCE MAJEURE. FBMO shall not be liable for any delay or failure in performing its obligations to the extent such delay or failure results from causes beyond FBMO's reasonable control, including acts of God, natural disasters, war, terrorism, civil unrest, governmental action, labour disputes, internet or telecommunications failures, cyberattacks, failure of third-party odds providers, regulatory changes, banking de-risking measures, or updates to applicable sanctions lists.
26.6 LANGUAGE. These Terms are drafted and executed in the English language, which shall be the authoritative version.
26.7 COMMUNICATION. All official legal notices from FBMO to you will be delivered electronically to your registered email address and shall be deemed received upon transmission or twenty-four (24) hours after sending, whichever is earlier. Official legal notices to FBMO must be sent to support@fbmo.net.
26.8 NO PARTNERSHIP OR AGENCY. Nothing in these Terms creates any partnership, joint venture, agency, franchise, or employment relationship between you and FBMO.
26.9 THIRD-PARTY BENEFICIARIES. These Terms do not confer any rights or remedies upon any third party unless expressly stated.
26.10 HEADINGS. Section and clause headings are included for convenience only and shall not affect the interpretation of these Terms.
27. Definitions and Interpretation
27.1 In these Terms, the following capitalised terms have the meanings set out below:
"AML" means anti-money laundering.
"Account Credentials" means the login credentials created during registration for access to the User Account.
"Agreement" means the contract between you and FBMO formed upon confirmation of an Order, comprising these Terms and the relevant Order confirmation.
"Baseline" means the reference balance used to calculate payout eligibility on the Funded Account. The initial Baseline is the opening balance of the Funded Account. The Baseline resets to the participant's simulated account balance after each payout deduction, as described in Clause 9.12.3.
"Business Day" means any day other than a Saturday, Sunday, or public holiday observed in the Cayman Islands.
"Challenge Fee" means the non-refundable fee payable by a user to access one FBMO Challenge, as confirmed at checkout.
"Consistency Cap" means the maximum contribution that any single winning Valid Bet may make to a user's progress during the Evaluation Process: fifteen percent (15%) of the Profit Target in Phase 1 (equal to 1.5% of the Phase Opening Balance), and ten percent (10%) of the Profit Target in Phase 2 (equal to 1.0% of the Phase Opening Balance).
"Consumer" means a natural person who enters into an Agreement for purposes wholly or mainly outside that person's trade, business, craft, or profession.
"Content" means all materials, software, text, graphics, data, and other content forming part of the Website and Services.
"Daily Loss Limit" means the maximum simulated loss permitted within a single UTC+0 calendar day, calculated as the gross sum of losses from settled losing bets during that day, without offset from winning bets settled on the same day. The limit is five percent (5%) of the Phase Opening Balance during the Evaluation Process, and five percent (5%) of the nominal Simulated Account Size during the Funded Account Programme. Unrealised losses on bets that remain open at 00:00:00 UTC are not included; such bets are taken into account only on the UTC+0 day on which they settle. "Dispute" has the meaning given in Clause 23.1.
"FATF" means the Financial Action Task Force.
"FBMO" means FBMO Ltd., a Cayman Islands exempted company (company number 303133), with its registered office at 123 Church Street, George Town, KY1-1102, Cayman Islands.
"FBMO Challenge" means the two-phase simulated sports-analysis evaluation programme described in Clause 8. "FBMO Parties" has the meaning given in Clause 18.1.
"FRA" means the Cayman Islands Financial Reporting Authority.
"Funded Account" means the simulated account granted to participants upon acceptance into the FBMO Funded Account Programme, as described in Clause 9.
"LCIA" means the London Court of International Arbitration.
"Maximum Drawdown" means the maximum cumulative simulated net loss permitted at any point, calculated on a net basis (winning and losing bets are netted against each other). The limit is ten percent (10%) of the Phase Opening Balance during the Evaluation Process, and ten percent (10%) of the nominal Simulated Account Size during the Funded Account Programme. Drawdown is measured against the fixed opening reference balance, not against any subsequent high-water mark.
"Net Simulated Balance" means the current simulated account balance at any given point in time, calculated as the Phase Opening Balance (or nominal Simulated Account Size in the Funded Account) plus all settled winning bets minus all settled losing bets, before deduction of any Rewards previously paid out.
"OFAC" means the Office of Foreign Assets Control of the United States Department of the Treasury.
"Order" means a completed and submitted order for an FBMO Challenge placed by a user on the Website.
"PEP" means a Politically Exposed Person as defined under applicable AML regulations and FATF guidance.
"Phase Opening Balance" means the simulated account balance at the start of each phase of the FBMO Challenge, equal to the nominal Simulated Account Size for both Phase 1 and Phase 2. "Pick Confirmation Time" has the meaning given in Clause 8.8.
"Profit Target" means a net simulated progress profit of ten percent (10%) of the Phase Opening Balance, required to pass each phase of the FBMO Challenge, measured in accordance with the progress calculation in Clause 8.3.1 including the Consistency Cap.
"Programme" means the FBMO Funded Account Programme described in Clause 9. "Prohibited Practices" has the meaning given in Clause 11.1. "Restricted Jurisdictions" has the meaning given in Clause 3.1.
"Reward" means the monetary payment equal to eighty percent (80%) of the amount requested in an eligible payout request on a Funded Account, paid to participants in accordance with Clauses 9 and 13.
"Services" means the simulation platform, Evaluation Process, Funded Account Programme, and all other services provided by FBMO through the Website.
"Simulated Account Size" means the nominal virtual account balance selected by a user at the time of Order, representing the fixed reference capital for the FBMO Challenge and Funded Account. The nominal Simulated Account Size does not change as a result of profits, losses, or payout deductions.
"Trading Day" means a UTC calendar day on which the user places at least one Valid Bet.
"Valid Bet" means a simulated bet that has settled with a final status of Won or Lost. Bets with a status of Void, Cancelled, or Pending do not constitute Valid Bets for any purpose under these Terms.
"User Account" means the user profile created on the Website during registration.
"Website" means the website accessible at https://fbmo.net and all associated subdomains and pages.
27.2 Unless the context otherwise requires: (a) words in the singular include the plural and vice versa; (b) a reference to a person includes natural persons, legal entities, partnerships, and unincorporated associations; (c) 'including' means 'including without limitation'; and (d) headings are for convenience only and do not affect interpretation.