Common use of Member Acknowledgements Clause in Contracts

Member Acknowledgements. You further acknowledge and agree that: You will abide by and be subject to the Kalshi Rulebook, as now existing and as hereafter duly amended from time to time, including the obligation to submit to arbitration; Your status as a Member may be limited, conditioned, restricted or terminated by Kalshi in accordance with the Kalshi Rulebook; You understand that pursuant to Rule 2.12 of the Kalshi Rulebook, Xxxxxx’s board of directors approved Kalshi Trading LLC (“Trading”), an affiliate of Kalshi, to be a member of Kalshi. More information can be found here: xxxxx://xxxxxx-xxxxxx-xxxx.x0.xxxxxxxxx.xxx/regulatory/notices/emergency_rule_filing_v2_202 1.09.21.pdf This Member Agreement binds You and is enforceable against You; This Member Agreement may be amended unilaterally by Xxxxxx upon notice to You. You will be deemed to agree to each such amendment if You do not terminate this Member Agreement prior to the effective date of the amendment; You may fund your account by ACH transaction. By confirming your transaction, You acknowledge your consent to debit your linked account via ACH. You acknowledge the nature of ACH transactions and that ACH transactions may incur additional fees. You further agree that Xxxxxx, in its sole discretion, may use any means which Xxxxxx considers suitable to execute your ACH transfers, and that Xxxxxx may reject any ACH transfer request in the event of suspected fraud or other potential illicit activity. You understand that in the event of an ACH return or reversal, Kalshi may charge additional fees or temporarily restrict your account privileges. You further understand that an ACH debit transfer may be returned, reversed, or rejected for a variety of reasons, including, for example, a lack of sufficient funds or when the transaction is denied by the bank holding your external account. You agree that you are solely liable and responsible for any ACH fees that you incur for a returned, reversed, or rejected transaction; You agree that in the event of an ACH return, reversal, or rejection of a debit transfer of funds that were utilized for trading, you will, upon Xxxxxx’s request, deposit at least the amount of the funds that were utilized for trading into your Kalshi account. You also agree to pay Kalshi for any fees, charges, or expenses incurred by Xxxxxx as a direct result of the reversal of Your ACH debit transfer in any manner directed by Xxxxxx; You understand that within 960 days of your ACH transfer to fund your trading account, those funds may only be withdrawn to the external account from which they were debited; You will provide such other information as may be reasonably requested by Xxxxxx from time to time as may be necessary or desirable to verify Your qualifications as a Member; You authorize Xxxxxx to verify, on an initial and a periodic basis, by investigation, the statements in the application materials provided to Kalshi, which may include a criminal background check, a review of Your credit report, and such other action reasonably deemed necessary by Xxxxxx; You authorize any governmental, regulatory or self-regulatory body, futures exchange, swap execution facility, securities exchange, national securities association, national futures association or other entity to furnish to Kalshi, upon its request, any information such entity may have concerning You, and You hereby release such entity from any and all liability of whatsoever nature by reason of furnishing such information to Kalshi; You authorize Kalshi to make available to any governmental, regulatory or self- regulatory body, futures exchange, swap execution facility, securities exchange, national securities association, national futures association, bank or other entity (upon such entity’s showing of proper authority and need) any information Kalshi may have concerning You, and You hereby release Kalshi from any and all liability of whatsoever nature by reason of furnishing any such information; You hereby authorize Kalshi to deduct from its account maintained on the books and records of Xxxxxx all fees or other charges accruing to You; You will keep confidential all information related to Your account (“Member Account”), including but not limited to Your account number, except as necessary to perform Kalshi-related transfers; You hereby declare that the statements in this Member Agreement and in any application materials provided to Kalshi are true, complete and accurate, and that You will promptly notify Kalshi in writing if any representation, warranty or covenant made herein changes or ceases to be true; You will be solely responsible, at Your own risk and expense, for acquiring, installing and maintaining all equipment, hardware and software (other than any applications, algorithms, software, interfaces or code that Kalshi may provide to You pursuant to the terms of this Member Agreement for purposes of accessing and utilizing the Platform), and shall ensure that any systems, facilities, servers, routers, and other equipment and software used to access and transact on the Platform are at all times protected by, and at all times comply with, all applicable information security and firewall precautions, but at all times at a level of security not less than that prevailing in the industry; and You acknowledge that failure to comply with this Member Agreement may, in Xxxxxx’s sole discretion, lead to suspension of Services or termination of this Agreement. You acknowledge that Xxxxxx’s Rulebook allows Kalshi to implement market maker programs. Xxxxxx believes that these programs will promote liquidity and orderliness on the Kalshi Exchange. Under the rules, market makers will make markets on Kalshi in exchange for receiving benefits. The benefits can include monetary benefits, such as discounts on fees, rebates on fees, revenue share from fees, and other monetary benefits. Market makers who receive these benefits may be able to price their quotes in ways that are materially different from other Kalshi members who are not eligible to receive these financial benefits. Market makers may also be eligible for sophisticated risk management tools, such as order protections whereby orders are canceled if the market maker’s trading session disconnects from the Exchange, and may be eligible to greater throughput to the Exchange. These risk management tools enable market makers to effectively manage the risks of their market making activity, and may not be available to members who are not market makers. These tools may give market makers a trading advantage over members who are not market makers. You further acknowledge that market makers may be required, during specific times, to maintain a maximum spread size and may be required to maintain a minimum depth within the spread. Outside of the required times, market makers are not required to, and potentially will not, maintain the maximum spread size and minimum depth. Therefore, pricing and liquidity outside of the required times may be worse than during the required times.

Member Acknowledgements. You further acknowledge and agree that: You will abide by and be subject to the Kalshi Rulebook, as now existing and as hereafter duly amended from time to time, including the obligation to submit to arbitration; Your status as a Member may be limited, conditioned, restricted or terminated by Kalshi in accordance with the Kalshi Rulebook; You understand that pursuant to Rule 2.12 of the Kalshi Rulebook, Xxxxxx’s board of directors approved Kalshi Trading LLC (“Trading”), an affiliate of Kalshi, to be a member of Kalshi. More information can be found here: xxxxx://xxxxxx-xxxxxx-xxxx.x0.xxxxxxxxx.xxx/regulatory/notices/emergency_rule_filing_v2_202 1.09.21.pdf This Member Agreement binds You and is enforceable against You; This Member Agreement may be amended unilaterally by Xxxxxx upon notice to You. You will be deemed to agree to each such amendment if You do not terminate this Member Agreement prior to the effective date of the amendment; You may fund your account by ACH transaction. By confirming your transaction, You acknowledge your consent to debit your linked account via ACH. You acknowledge the nature of ACH transactions and that ACH transactions may incur additional fees. You further agree that Xxxxxx, in its sole discretion, may use any means which Xxxxxx considers suitable to execute your ACH transfers, and that Xxxxxx may reject any ACH transfer request in the event of suspected fraud or other potential illicit activity. You understand that in the event of an ACH return or reversal, Kalshi may charge additional fees or temporarily restrict your account privileges. You further understand that an ACH debit transfer may be returned, reversed, or rejected for a variety of reasons, including, for example, a lack of sufficient funds or when the transaction is denied by the bank holding your external account. You agree that you are solely liable and responsible for any ACH fees that you incur for a returned, reversed, or rejected transaction; You agree that in the event of an ACH return, reversal, or rejection of a debit transfer of funds that were utilized for trading, you will, upon Xxxxxx’s request, deposit at least the amount of the funds that were utilized for trading into your Kalshi account. You also agree to pay Kalshi for any fees, charges, or expenses incurred by Xxxxxx as a direct result of the reversal of Your ACH debit transfer in any manner directed by Xxxxxx; You understand that within 960 90 days of your ACH transfer to fund your trading account, those funds may only be withdrawn to the external account from which they were debited; You will provide such other information as may be reasonably requested by Xxxxxx from time to time as may be necessary or desirable to verify Your qualifications as a Member; You authorize Xxxxxx to verify, on an initial and a periodic basis, by investigation, the statements in the application materials provided to KalshiXxxxxx, which may include a criminal background check, a review of Your credit report, and such other action reasonably deemed necessary by Xxxxxx; You authorize any governmental, regulatory or self-regulatory body, futures exchange, swap execution facility, securities exchange, national securities association, national futures association or other entity to furnish to Kalshi, upon its request, any information such entity may have concerning You, and You hereby release such entity from any and all liability of whatsoever nature by reason of furnishing such information to Kalshi; You authorize Kalshi to make available to any governmental, regulatory or self- regulatory body, futures exchange, swap execution facility, securities exchange, national securities association, national futures association, bank or other entity (upon such entity’s showing of proper authority and need) any information Kalshi may have concerning You, and You hereby release Kalshi from any and all liability of whatsoever nature by reason of furnishing any such information; You hereby authorize Kalshi to deduct from its account maintained on the books and records of Xxxxxx all fees or other charges accruing to You; You will keep confidential all information related to Your account (“Member Account”), including but not limited to Your account number, except as necessary to perform Kalshi-related transfers; You hereby declare that the statements in this Member Agreement and in any application materials provided to Kalshi are true, complete and accurate, and that You will promptly notify Kalshi in writing if any representation, warranty or covenant made herein changes or ceases to be true; You will be solely responsible, at Your own risk and expense, for acquiring, installing and maintaining all equipment, hardware and software (other than any applications, algorithms, software, interfaces or code that Kalshi may provide to You pursuant to the terms of this Member Agreement for purposes of accessing and utilizing the Platform), and shall ensure that any systems, facilities, servers, routers, and other equipment and software used to access and transact on the Platform are at all times protected by, and at all times comply with, all applicable information security and firewall precautions, but at all times at a level of security not less than that prevailing in the industry; and You acknowledge that failure to comply with this Member Agreement may, in Xxxxxx’s sole discretion, lead to suspension of Services or termination of this Agreement. You acknowledge that Xxxxxx’s Rulebook allows Kalshi to implement market maker programs. Xxxxxx believes that these programs will promote liquidity and orderliness on the Kalshi Exchange. Under the rules, market makers will make markets on Kalshi in exchange for receiving benefits. The benefits can include monetary benefits, such as discounts on fees, rebates on fees, revenue share from fees, and other monetary benefits. Market makers who receive these benefits may be able to price their quotes in ways that are materially different from other Kalshi members who are not eligible to receive these financial benefits. Market makers may also be eligible for sophisticated risk management tools, such as order protections whereby orders are canceled if the market maker’s trading session disconnects from the Exchange, and may be eligible to greater throughput to the Exchange. These risk management tools enable market makers to effectively manage the risks of their market making activity, and may not be available to members who are not market makers. These tools may give market makers a trading advantage over members who are not market makers. You further acknowledge that market makers may be required, during specific times, to maintain a maximum spread size and may be required to maintain a minimum depth within the spread. Outside of the required times, market makers are not required to, and potentially will not, maintain the maximum spread size and minimum depth. Therefore, pricing and liquidity outside of the required times may be worse than during the required times.

Member Acknowledgements. You further acknowledge and agree that: You will abide by and be subject to the Kalshi Rulebook, as now existing and as hereafter duly amended from time to time, including the obligation to submit to arbitration; Your status as a Member may be limited, conditioned, restricted or terminated by Kalshi in accordance with the Kalshi Rulebook; You understand that pursuant to Rule 2.12 of the Kalshi Rulebook, Xxxxxx’s board of directors approved Kalshi Trading LLC (“Trading”), an affiliate of Kalshi, to be a member of Kalshi. More information can be found here: xxxxx://xxxxxx-xxxxxx-xxxx.x0.xxxxxxxxx.xxx/regulatory/notices/emergency_rule_filing_v2_202 1.09.21.pdf This Member Agreement binds You and is enforceable against You; This Member Agreement may be amended unilaterally by Xxxxxx Kalshi upon notice to You. You will be deemed to agree to each such amendment if You do not terminate this Member Agreement prior to the effective date of the amendment; You may fund your account by ACH transaction. By confirming your transaction, You acknowledge your consent to debit your linked account via ACH. You acknowledge the nature of ACH transactions and that ACH transactions may incur additional fees. You further agree that Xxxxxx, in its sole discretion, may use any means which Xxxxxx considers suitable to execute your ACH transfers, and that Xxxxxx may reject any ACH transfer request in the event of suspected fraud or other potential illicit activity. You understand that in the event of an ACH return or reversal, Kalshi may charge additional fees or temporarily restrict your account privileges. You further understand that an ACH debit transfer may be returned, reversed, or rejected for a variety of reasons, including, for example, a lack of sufficient funds or when the transaction is denied by the bank holding your external account. You agree that you are solely liable and responsible for any ACH fees that you incur for a returned, reversed, or rejected transaction; You agree that in the event of an ACH return, reversal, or rejection of a debit transfer of funds that were utilized for trading, you will, upon XxxxxxKalshi’s request, deposit at least the amount of the funds that were utilized for trading into your Kalshi account. You also agree to pay Kalshi for any fees, charges, or expenses incurred by Xxxxxx as a direct result of the reversal of Your ACH debit transfer in any manner directed by Xxxxxx; You understand that within 960 60 days of your ACH transfer to fund your trading account, those funds may only be withdrawn to the external account from which they were debited; You will provide such other information as may be reasonably requested by Xxxxxx from time to time as may be necessary or desirable to verify Your qualifications as a Member; You authorize Xxxxxx to verify, on an initial and a periodic basis, by investigation, the statements in the application materials provided to Kalshi, which may include a criminal background check, a review of Your credit report, and such other action reasonably deemed necessary by Xxxxxx; You authorize any governmental, regulatory or self-regulatory body, futures exchange, swap execution facility, securities exchange, national securities association, national futures association or other entity to furnish to Kalshi, upon its request, any information such entity may have concerning You, and You hereby release such entity from any and all liability of whatsoever nature by reason of furnishing such information to Kalshi; You authorize Kalshi to make available to any governmental, regulatory or self- regulatory body, futures exchange, swap execution facility, securities exchange, national securities association, national futures association, bank or other entity (upon such entity’s showing of proper authority and need) any information Kalshi may have concerning You, and You hereby release Kalshi from any and all liability of whatsoever nature by reason of furnishing any such information; You hereby authorize Kalshi to deduct from its account maintained on the books and records of Xxxxxx all fees or other charges accruing to You; You will keep confidential all information related to Your account (“Member Account”), including but not limited to Your account number, except as necessary to perform Kalshi-related transfers; You hereby declare that the statements in this Member Agreement and in any application materials provided to Kalshi are true, complete and accurate, and that You will promptly notify Kalshi in writing if any representation, warranty or covenant made herein changes or ceases to be true; You will be solely responsible, at Your own risk and expense, for acquiring, installing and maintaining all equipment, hardware and software (other than any applications, algorithms, software, interfaces or code that Kalshi may provide to You pursuant to the terms of this Member Agreement for purposes of accessing and utilizing the Platform), and shall ensure that any systems, facilities, servers, routers, and other equipment and software used to access and transact on the Platform are at all times protected by, and at all times comply with, all applicable information security and firewall precautions, but at all times at a level of security not less than that prevailing in the industry; and You acknowledge that failure to comply with this Member Agreement may, in Xxxxxx’s sole discretion, lead to suspension of Services or termination of this Agreement. You acknowledge that Xxxxxx’s Rulebook allows Kalshi to implement market maker programs. Xxxxxx Kalshi believes that these programs will promote liquidity and orderliness on the Kalshi Exchange. Under the rules, market makers will make markets on Kalshi in exchange for receiving benefits. The benefits can include monetary benefits, such as discounts on fees, rebates on fees, revenue share from fees, and other monetary benefits. Market makers who receive these benefits may be able to price their quotes in ways that are materially different from other Kalshi members who are not eligible to receive these financial benefits. Market makers may also be eligible for sophisticated risk management tools, such as order protections whereby orders are canceled if the market maker’s trading session disconnects from the Exchange, and may be eligible to greater throughput to the Exchange. These risk management tools enable market makers to effectively manage the risks of their market making activity, and may not be available to members who are not market makers. These tools may give market makers a trading advantage over members who are not market makers. You further acknowledge that market makers may be required, during specific times, to maintain a maximum spread size and may be required to maintain a minimum depth within the spread. Outside of the required times, market makers are not required to, and potentially will not, maintain the maximum spread size and minimum depth. Therefore, pricing and liquidity outside of the required times may be worse than during the required times.

Member Acknowledgements. You further acknowledge and agree that: You will abide by and be subject to the Kalshi Rulebook, as now existing and as hereafter duly amended from time to time, including the obligation to submit to arbitration; Your status as a Member may be limited, conditioned, restricted or terminated by Kalshi in accordance with the Kalshi Rulebook; You understand that pursuant to Rule 2.12 of the Kalshi Rulebook, Xxxxxx’s board of directors approved Kalshi Trading LLC (“Trading”), an affiliate of Kalshi, to be a member of Kalshi. More information can be found here: xxxxx://xxxxxx-xxxxxx-xxxx.x0.xxxxxxxxx.xxx/regulatory/notices/emergency_rule_filing_v2_202 1.09.21.pdf This Member Agreement binds You and is enforceable against You; This Member Agreement may be amended unilaterally by Xxxxxx upon notice to You. You will be deemed to agree to each such amendment if You do not terminate this Member Agreement prior to the effective date of the amendment; You may fund your account by ACH transaction. By confirming your transaction, You acknowledge your consent to debit your linked account via ACH. You acknowledge the nature of ACH transactions and that ACH transactions may incur additional fees. You further agree that Xxxxxx, in its sole discretion, may use any means which Xxxxxx considers suitable to execute your ACH transfers, and that Xxxxxx may reject any ACH transfer request in the event of suspected fraud or other potential illicit activity. You understand that in the event of an ACH return or reversal, Kalshi may charge additional fees or temporarily restrict your account privileges. You further understand that an ACH debit transfer may be returned, reversed, or rejected for a variety of reasons, including, for example, a lack of sufficient funds or when the transaction is denied by the bank holding your external account. You agree that you are solely liable and responsible for any ACH fees that you incur for a returned, reversed, or rejected transaction; You agree that in the event of an ACH return, reversal, or rejection of a debit transfer of funds that were utilized for trading, you will, upon Xxxxxx’s request, deposit at least the amount of the funds that were utilized for trading into your Kalshi account. You also agree to pay Kalshi for any fees, charges, or expenses incurred by Xxxxxx as a direct result of the reversal of Your ACH debit transfer in any manner directed by Xxxxxx; You understand that within 960 60 days of your ACH transfer to fund your trading account, those funds may only be withdrawn to the external account from which they were debited; You will provide such other information as may be reasonably requested by Xxxxxx from time to time as may be necessary or desirable to verify Your qualifications as a Member; You authorize Xxxxxx to verify, on an initial and a periodic basis, by investigation, the statements in the application materials provided to Kalshi, which may include a criminal background check, a review of Your credit report, and such other action reasonably deemed necessary by Xxxxxx; You authorize any governmental, regulatory or self-regulatory body, futures exchange, swap execution facility, securities exchange, national securities association, national futures association or other entity to furnish to Kalshi, upon its request, any information such entity may have concerning You, and You hereby release such entity from any and all liability of whatsoever nature by reason of furnishing such information to Kalshi; You authorize Kalshi to make available to any governmental, regulatory or self- regulatory body, futures exchange, swap execution facility, securities exchange, national securities association, national futures association, bank or other entity (upon such entity’s showing of proper authority and need) any information Kalshi may have concerning You, and You hereby release Kalshi from any and all liability of whatsoever nature by reason of furnishing any such information; You hereby authorize Kalshi to deduct from its account maintained on the books and records of Xxxxxx all fees or other charges accruing to You; You will keep confidential all information related to Your account (“Member Account”), including but not limited to Your account number, except as necessary to perform Kalshi-related transfers; You hereby declare that the statements in this Member Agreement and in any application materials provided to Kalshi are true, complete and accurate, and that You will promptly notify Kalshi in writing if any representation, warranty or covenant made herein changes or ceases to be true; You will be solely responsible, at Your own risk and expense, for acquiring, installing and maintaining all equipment, hardware and software (other than any applications, algorithms, software, interfaces or code that Kalshi may provide to You pursuant to the terms of this Member Agreement for purposes of accessing and utilizing the Platform), and shall ensure that any systems, facilities, servers, routers, and other equipment and software used to access and transact on the Platform are at all times protected by, and at all times comply with, all applicable information security and firewall precautions, but at all times at a level of security not less than that prevailing in the industry; and You acknowledge that failure to comply with this Member Agreement may, in Xxxxxx’s sole discretion, lead to suspension of Services or termination of this Agreement. You acknowledge that Xxxxxx’s Rulebook allows Kalshi to implement market maker programs. Xxxxxx believes that these programs will promote liquidity and orderliness on the Kalshi Exchange. Under the rules, market makers will make markets on Kalshi in exchange for receiving benefits. The benefits can include monetary benefits, such as discounts on fees, rebates on fees, revenue share from fees, and other monetary benefits. Market makers who receive these benefits may be able to price their quotes in ways that are materially different from other Kalshi members who are not eligible to receive these financial benefits. Market makers may also be eligible for sophisticated risk management tools, such as order protections whereby orders are canceled if the market maker’s trading session disconnects from the Exchange, and may be eligible to greater throughput to the Exchange. These risk management tools enable market makers to effectively manage the risks of their market making activity, and may not be available to members who are not market makers. These tools may give market makers a trading advantage over members who are not market makers. You further acknowledge that market makers may be required, during specific times, to maintain a maximum spread size and may be required to maintain a minimum depth within the spread. Outside of the required times, market makers are not required to, and potentially will not, maintain the maximum spread size and minimum depth. Therefore, pricing and liquidity outside of the required times may be worse than during the required times.