Terms & Conditions

Please read these terms carefully before using PeetBet. By using our platform, you agree to be bound by these terms.

Last Updated: January 30, 2026

Important Disclaimer

PeetBet is a decentralized peer-to-peer betting platform. Gambling involves risk of financial loss. Only play with funds you can afford to lose.

You must be of legal gambling age in your jurisdiction. It is your responsibility to ensure online gambling is legal where you reside.

DO YOUR OWN RESEARCH (DYOR). Understand the smart contracts, the risks, and the game mechanics before participating.

Acceptance of Terms

By connecting your wallet, depositing funds, or participating in any game on PeetBet, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.

You confirm that:

You are of legal age to gamble in your jurisdiction
You understand the risks of cryptocurrency and smart contracts
You accept full responsibility for your betting decisions
You have reviewed the smart contract code or accept its logic as-is

Platform Overview

PeetBet is a non-custodial, peer-to-peer betting platform built on blockchain technology. We provide the infrastructure for users to bet against each other with provably fair randomness.

What PeetBet IS

• A peer-to-peer betting facilitator
• A smart contract-based escrow system
• A provably fair randomness provider (via Chainlink VRF)
• A non-custodial platform (you control your funds)

What PeetBet is NOT

• A custodian of your funds
• Responsible for your betting decisions
• A licensed gambling operator in any jurisdiction
• Able to reverse blockchain transactions

Coin Flip Game Rules

Coin Flip is a 1v1 peer-to-peer game with true 50/50 odds. No house edge.

Game Mechanics

Two players bet equal amounts against each other
Winner is determined by Chainlink VRF (verifiable random function)
Winner receives both stakes (minus any applicable withdrawal fee on profit)
Creator can cancel room before opponent joins; after join, game must complete

All randomness is generated on-chain using Chainlink VRF v2.5. You can verify any result on the blockchain explorer.

Dice Game Rules

Multiplayer dice game with 3 to 100 players. Custom odds and risk levels.

Player Limits

Minimum 3 players: Game cannot start with fewer than 3 participants
Maximum 100 players: For gas efficiency and fair gameplay

50% Capacity Leave Rule

To prevent game sabotage, players cannot leave once a room exceeds 50% capacity:

• Example: In a 10-player max room, you cannot leave once there are 6+ players
• Example: In a 7-player max room, you cannot leave once there are 5+ players (rounds up)
• Once game starts (VRF requested), NO player can leave or cancel

48-Hour Stale Room Recovery

To prevent stuck funds if a room creator abandons a waiting room:

• If a room remains in 'Waiting for Players' status for 48+ hours, it becomes 'stale'
• ANY participant in a stale room can cancel it and trigger refunds for all players
• This protects players from being stuck indefinitely in abandoned rooms

Room Creator Privileges

Creator can cancel room at any time BEFORE game starts (refunds all players)
Creator can start game early once minimum players (3) have joined
Creator sets bet amount, max players, and whether room is private

Referral Program Rules

Earn rewards by referring new users to PeetBet. Both referrer and referred user can benefit.

Eligibility Requirements

Can Register a Referrer

• Brand new users with zero balance
• Users who have never played any game
• Users who have never deposited

Cannot Register a Referrer

• Users who have already deposited
• Users who have played any game
• Users who already have a referrer

Referral Chain Rules

Referral chains are allowed, but direct circles are blocked:

ALLOWED: Normal Chains

A → B → C → D ✓

User B can refer User C, C can refer D, etc.

BLOCKED: Direct Circles

A → B → A ✗

If A referred B, then B cannot refer A back

House Game Warning

If you play ANY house game after registering a referrer, you permanently lose your free withdrawal benefit. The referrer still earns their commission, but your benefit is revoked forever.

Fee Structure

Action	Fee	Notes
Deposit	0%	Always free, no fees
Betting/Playing	0%	No rake, no commission on bets
Withdrawal	2%*	*Only 2% on PROFIT. No fee if withdrawing at or below deposit
House Edge (P2P)	0%	True 50/50 odds in peer-to-peer games

* Free withdrawal available for referred users who make a qualifying withdrawal ($50+ while in profit) and have not played house games.

Smart Contract Risks

PeetBet operates entirely through smart contracts on the blockchain. While we have tested extensively, smart contracts carry inherent risks:

Smart contracts may contain undiscovered bugs despite testing
Blockchain transactions are irreversible - errors cannot be undone
Network congestion may delay transactions or increase gas costs
External dependencies (Chainlink VRF) may experience downtime

Our contracts are verified and open source. You can review the code at: View on Block Explorer

User Responsibility

DO YOUR OWN RESEARCH (DYOR)

Review the smart contract code before depositing significant amounts
Understand probability and expected outcomes of each game
Set personal limits and never bet more than you can afford to lose
Keep your wallet secure - we cannot recover lost private keys
Report any suspicious activity or potential vulnerabilities responsibly

No Warranty

THE PLATFORM IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.

IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE PLATFORM OR THE USE OR OTHER DEALINGS IN THE PLATFORM.

Questions?

If you have questions about these terms or need help understanding any rules, please refer to our documentation or reach out.