11Wickets Fantasy Sports: Rake Policy
Introduction
This document outlines the policies governing "Rake in 11Wickets Fantasy Sports," a fantasy sports platform that allows users to create virtual teams based on real-life cricket matches and compete against other users. These policies aim to ensure fairness, transparency, and responsible gaming within the platform.
Definitions
• Platform: Refers to the "Rake in Fantasy Cricket" website and mobile application.
• User: Any individual who registers and uses the Platform.
• Contest: A fantasy cricket competition hosted on the Platform.
• Team: A virtual team created by a User.
• Rake: The commission charged by the Platform on each Contest.
• Points: Scores awarded to Users based on the real-life performance of their selected players.
• Prize Pool: The total amount of winnings distributed among the winners of a Contest.
• KYC: Know Your Customer, the process of verifying a User's identity.
• Responsible Gaming: Practices and policies designed to promote safe and responsible participation in fantasy cricket.
3. User Registration and Eligibility
• Users must be of legal age as per the laws of their jurisdiction to register and participate.
• Users must provide accurate and complete information during registration.
• Users are responsible for maintaining the confidentiality of their account credentials.
• The Platform reserves the right to suspend or terminate accounts that violate these policies.
• Users must complete KYC before any withdrawals are permitted.
4. Contest Participation and Team Creation
• Users can participate in various Contests offered on the Platform.
• Users must adhere to the rules and regulations of each Contest.
• Team creation must comply with the Platform's guidelines, including player selection limits and budget constraints.
• Users are responsible for the composition of their Teams.
• The Platform reserves the right to cancel contests due to unforeseen events, such as match cancellation. In such cases, entry fees will be refunded.
5. Scoring and Points System
• The Platform uses a standardized points system based on the real-life performance of players.
• The points system is clearly defined and accessible to all Users.
• The Platform strives to provide accurate and timely scoring updates.
• In the event of scoring discrepancies, the Platform's decision is final.
6. Prize Distribution and Withdrawals
• The Prize Pool for each Contest is clearly displayed.
• Prizes are distributed based on the final rankings of Users in a Contest.
• Withdrawals are processed according to the Platform's withdrawal policy.
• KYC verification is mandatory before withdrawals.
• The Platform reserves the right to withhold or delay withdrawals in cases of suspected fraud or policy violations.
• TDS(Tax Deducted at Source) will be deducted as per government rules.
7. Rake and Fees
• The Platform charges a Rake on each Contest.
• The Rake percentage is clearly displayed before Users join a Contest.
• The Rake percentage varies from 5% to 18%.
• The Platform may charge additional fees for certain services, which will be disclosed to Users.
8. Fair Play and Anti-Fraud Measures
• The Platform is committed to ensuring fair play and preventing fraud.
• The Platform employs various measures to detect and prevent cheating, including:
• Monitoring User activity.
• Analyzing team compositions.
• Implementing anti-fraud software.
• Users found engaging in fraudulent activities will be subject to account suspension or termination.
• Collusion between users is strictly prohibited.
9. Responsible Gaming
• The Platform promotes responsible gaming practices.
• Users are encouraged to set spending limits and play responsibly.
• The Platform provides resources and support for Users who may be experiencing gambling problems.
• Self exclusion options are available.
• Age verification is strictly enforced.
10. Privacy Policy
• The Platform collects and uses User data according to its Privacy Policy.
• User data is protected and used only for legitimate purposes.
• Users have the right to access and modify their personal information.
11. Terms of Service
• Users must agree to the Platform's Terms of Service to use the Platform.
• The Terms of Service outline the rights and responsibilities of Users and the Platform.
• The Terms of Service may be updated periodically, and users will be notified of significant changes.
12. Dispute Resolution
• Disputes between Users and the Platform will be resolved through a fair and transparent process.
• Users can contact the Platform's customer support for assistance.
• The Platform's decision is final in matters of dispute resolution.
13. Amendments
• The Platform reserves the right to amend these policies at any time.
• Users will be notified of any significant changes to these policies.
• Continued use of the Platform constitutes acceptance of the amended policies.
14. Contact Information
• Users can contact the Platform's customer support for any questions or concerns.
• Contact information will be prominently displayed on the platform.
*Disclaimer: This policy document is a general declaration and may need to be adapted to comply with specific legal and regulatory requirements in jurisdiction. It is recommended to consult with legal counsel to ensure compliance.