Simulated Trading Disclosure

Everything on Propy Market is simulated

A ticket is a simulated trading account. It has a virtual balance set by the published rules of the contest you bought it for, and it exists only inside that contest. A ticket is an entry in a contest of skill: your decisions on the simulated account are the whole of what is measured.

When you open, close or hold a position on that account, nothing happens in any real market. No order is sent to an exchange, a broker or a market maker. No security, future, option or coin is bought, sold, borrowed or held for you, by you or on your behalf. Nothing is mirrored or copied into a real brokerage account — not yours and not ours.

The virtual balance is not money. It has no cash value, cannot be withdrawn, transferred or redeemed, and does not survive the contest. The only money that moves is the price you pay for a ticket and any prize or refund paid afterwards.

We hold no balance for you. There is no deposit, no cash account and no withdrawal. A ticket is bought; a prize is paid to the wallet address the entry was made with; a refund goes back to the original payment source.

The prices you trade are recorded prints, not executable prices

Propy Market runs on its own price feed: dated prints from market-data providers. A print is a report that a trade happened on a real market at a price, carrying the time its provider reported it. Your simulated orders fill at the recorded price in force when the platform accepts the order, under the published rules of your ticket. A print older than the platform's freshness limit is not used to open a position; the Contest Rules say which print values a ticket at the bell, at cash-out and at liquidation.

A print is not a price you could have traded at. A real market has a bid and an ask, a queue at each price, limited size, halts and hours; a real order pays spread, commission and slippage, and may fill only in part. A simulated account faces none of that unless the published rules of the ticket model it. The same decisions on a real account would not produce the same result, and would usually produce a worse one.

A feed can lag, miss prints or deliver a wrong one. If a feed outage or a data error affects a round, that round is voided and every ticket in it is refunded. Short of that, the prices the platform recorded are final: rankings and rewards are computed on them, and a round is never re-settled against another vendor's prices, another site's chart or an exchange's official close, even where those differ from ours.

Leverage and liquidation are features of the simulated account

Leverage on a ticket multiplies the effect of a price move on the virtual balance. The caps are published per contest: up to 100x in Counter, up to 5x in Journey and Career. At 100x, a 1 % move against a position that uses the full leverage is enough to end the ticket.

Liquidation is the rule that ends a simulated account when its loss reaches the published level: a liquidated Counter ticket is out of the round, a Journey run ends at a −20 % drawdown, a Career ticket ends at −80 %. The platform closes the simulated positions at its recorded price and the ticket's result is fixed from that moment.

None of this is borrowing. Nobody lends you money, nobody issues a margin call, and you never owe anything beyond the ticket price you already paid. A liquidation can cost you a ticket; it can never cost you more.

In Counter you may buy another ticket in the same round after a liquidation, up to the re-buy cap published for that round. A re-buy is a new ticket at the full ticket price, it counts against your daily and weekly spend caps, and your running spend is shown before every re-buy. The Responsible Play page explains the caps, the cool-off period and self-exclusion.

Bill, the AI assistant, is information, not advice

Bill is the AI assistant built into the site. Bill can explain the rules of a contest, read your simulated book back to you, define a term or an indicator and summarise public market information.

Bill is not a person, is not licensed and does not give investment advice. Nothing Bill says is a recommendation to buy, sell or hold anything, on Propy Market or anywhere else, and talking to Bill does not make us your adviser [COUNSEL].

Bill is a language model and can be wrong. It may misstate a price, a fact or a rule. The published rules and the platform's recorded data govern a contest; Bill's account of them does not. Every simulated trade on your ticket is your decision.

Bill does not know your real finances, experience or goals, and nothing it says is tailored to them. Your chat with Bill is kept for a limited period; the Privacy Policy says how long.

Simulated results do not predict real trading

A result on Propy Market, yours or anyone's, is not evidence of what real trading would earn, and it is not a forecast of future results on the platform either. The gap has four causes.

Nothing real is at risk. Choices made with a virtual balance, 100x leverage and a bell thirty minutes away are not choices anyone makes, or should make, with their own savings. The result measures skill at the contest, not skill at managing money.

The contest is not a market. One ticker picked by the house, a fixed horizon, a bell, a −20 % or −80 % exit and a ranking shape every result; those returns have no counterpart in a real account.

The prices are not executable. Section 2 explains why a recorded print flatters a simulated fill.

The leaderboard shows the winners. In every Counter round three places are paid, out of every ticket entered; the liquidated, unplaced and refunded tickets are the larger part of every table. Usernames, rankings and every finished simulated book — trades and equity curve — are public, so you can read another entrant's book. It is the record of a simulated contest, not a recommendation and not a track record.

Whether a prescribed legend on hypothetical or simulated performance must appear on this page, and in what wording, is for counsel [COUNSEL].

What Propy Market is not

Propy Market is operated by [OPERATOR LEGAL NAME], organised in [STATE OF ORGANISATION], at [REGISTERED ADDRESS]. It is not a broker-dealer, an exchange, a derivatives market or an investment adviser, and it is not registered as any of them [COUNSEL].

It does not accept deposits, hold customer funds, execute orders, hold positions for anyone or give advice. No account here is a brokerage account, no ticket is a financial product, and no virtual balance is money [COUNSEL].

The contests are contests of skill: the rules are deterministic, the same for every entrant, published before entry, and no random element ever touches a result [COUNSEL]. Whether a paid contest is open to you is a separate question. Residents of, and persons physically located in, certain US states cannot enter paid contests; the State Eligibility page lists those states, and the list may change.

This Disclosure forms part of the Terms of Service you accept when you open an account [COUNSEL].

How prizes relate to your results

A prize on Propy Market is never a payout on the direction of a market. You are not paid because a price rose or fell. You are paid, if at all, for where your own simulated trading placed you: in a ranking, or on a table that was published before you entered. The Contest Rules carry every figure below and govern if this page differs.

Counter. Rounds run every half hour (Counter 30, $25 ticket) or every hour (Counter 60, $100 ticket) on one ticker the house chooses and announces when the round opens. Entries open at the start of the round and close N minutes before the bell, N being published for each round; you may hold several tickets up to the published cap, and a liquidated ticket may be replaced within the re-buy cap. At the bell every ticket is ranked by its return percentage, ties broken by earlier entry. The pool is every ticket fee paid in the round: 60 % goes to first place, 20 % to second and 5 % to third, and the house keeps 15 % as its service fee. One user may hold more than one of those places. Two entrants can watch the same ticker move the same way and finish at opposite ends of the table, because the table ranks what each did with the simulated account, not what the market did.

A Counter round with fewer entries than the published minimum is voided and every ticket refunded, unless a house-guaranteed minimum pool was shown at entry, in which case the round stands and the prizes are calculated on at least the guaranteed amount.

Journey. You choose one ticker from the day's list and your own stake, from $100 to $10,000, which is your ticket. The run lasts 24 hours, leverage is capped at 5x, and a −20 % drawdown ends it. The reward ladder is published before you enter and paid by the house on the return your own simulated account ends at: +10 % pays 1x the stake, each further +10 % adds 1x, +90 % pays 9x and +100 % pays the top reward. You can cash out at any time. A run that ends at +10 % or more counts as a win, and the win milestones — 5, 10, 50 and 100 wins — carry trophies and fixed cash rewards published in the Contest Rules. Nobody else's result affects yours.

Career. A $50 entry opens a ticket with up to five tickers at a time from the universe, no time limit, leverage capped at 5x and an end at −80 %. Each +5 % of profit earns a trophy; level 20, at +100 %, pays $1,000 and a special status. Again the measure is your own simulated return against a table published before entry.

The house's income from Counter is the 15 % service fee, which is the same whoever wins. In Journey and Career the house pays the rewards from its own funds [COUNSEL]. A prize is paid to the wallet address your entry was made with: automatically when it is due if it is under $3,000, and when it is $3,000 or more, after a short identity verification, with the prize held until that verification is complete. Payment, refunds and tax reporting are covered in the Terms of Service.

Fair play is part of the result. Automation, multiple accounts, collusion among entrants, or the use of insider or non-public information voids the entries involved and forfeits any prize. Employees, contractors and members of their households cannot win prizes.

Questions and disputes

If you believe a result is wrong, write to support@propymarket.com within 7 days of settlement and name the round or ticket. We compare the platform's recorded prices and your recorded trades with the published rules of the contest; that record decides.

Any further dispute follows the dispute section of the Terms of Service. Whether that section provides for binding arbitration and a class-action waiver is a decision still open for counsel [COUNSEL].