1. Purpose of This Policy
To ensure a fair, transparent, and trustworthy prediction market environment, Gowagr prohibits individuals and institutions from participating in markets where they have material non-public information or any ability to influence the outcome. This policy protects the integrity of the platform and its users.
2. General Rule of Prohibition
You may not participate in a market on Gowagr if:
- You are directly employed by, affiliated with, or contracted by a source of influence on the outcome.
- You possess material non-public information about the event.
- You can influence, determine, or significantly affect the outcome of a market directly or indirectly.
3. Categories of Prohibited Participants
A. Political Markets
Cannot participate in elections, political appointments, or legislative-based markets:
| Prohibited Individuals/Entities | Examples |
|---|---|
| Public office holders | Governors, Senators, Local Government Chairpersons |
| INEC officials | Commissioners, electoral officers, or contractors |
| Political party staff | Campaign managers, strategists, social media leads |
| Government workers with insider access | Policy aides, advisors, and their family members |
| Political consultants or lobbyists | Contractors who advise on or influence policy |
B. Entertainment & Music Markets
Cannot participate in markets relating to music rankings, content releases, award nominations, etc.
| Prohibited Individuals/Entities | Examples |
|---|---|
| Artists and producers | Musicians, beatmakers, audio engineers |
| Record label employees | A&R staff, marketing team, executives |
| Chart editors or aggregators | Employees of TurnTable Charts, Apple Music Nigeria |
| Social influencers tied to promotions | Influencers paid to promote content tied to the market |
C. Sports Markets
Cannot participate in contests regarding performance, transfers, injuries, or match outcomes:
| Prohibited Individuals/Entities | Examples |
|---|---|
| Athletes, coaches, team staff | Players in Nigerian leagues or international games |
| Match officials | Referees, VAR analysts, medical personnel |
| Football federation executives | NFF, CAF officials or affiliate staff |
| Sports journalists | Those with embargoed pre-release access |
| Data providers | Vendors and analysts with real-time access to data |
D. Business, Tech & Crypto Markets
Cannot participate in markets about company decisions, future launches, financial reports, etc.
| Prohibited Individuals/Entities | Examples |
|---|---|
| Founders, board members | Startup executives, fintech operators |
| Crypto developers & insiders | Token creators, multisig holders |
| Marketing agencies under NDA | PR firms with early access to campaigns |
| Regulatory officers | SEC Nigeria, EFCC officials with oversight roles |
4. Source Institutions in Nigeria & Africa
Prohibited participants also include institutions or bodies that can influence or directly impact market outcomes:
| Institutions | Roles |
|---|---|
| INEC | Electoral body; can't participate in political markets |
| NBC | Influences media coverage; barred from entertainment prediction |
| NFF, CAF | Regulate football; banned from sports market participation |
| EFCC, CBN, SEC Nigeria | Financial regulators; banned from business/crypto markets |
| Ministry of Information & Culture | Government narratives; banned from narrative-sensitive markets |
| NBS (National Bureau of Statistics) | Generates data; cannot participate in markets based on stats releases |
| African Union, ECOWAS, etc. | Can't participate in geopolitical or regional outcome markets |
| NOA (National Orientation Agency) | Oversees entertainment regulation |
5. Conflict of Interest and Third-Party Contractors
Any third-party vendors, contractors, or freelancers with privileged access to market-related data, content, or decision-making channels are also strictly prohibited from participation.
6. Penalties and Enforcement
Violators of this policy will be subject to:
- Immediate account suspension or permanent ban.
- Forfeiture of all market winnings and blocked access to funds.
- Public flagging of accounts for transparency (where applicable).
- Referral to law enforcement or regulatory agencies, especially in cases of fraud, collusion, or data misuse.
7. Reporting Mechanism
If you identify any individual or entity violating this policy, please report them via:
compliance@gowagr.app
All reports will be treated with utmost confidentiality and may be eligible for whistleblower protection if sensitive.
8. Updates to the Policy
This document is reviewed periodically to stay current with emerging risk profiles, changing regulatory guidance, and market trends. Users will be notified of any material changes.
Gowagr is committed to fair, transparent, and community-trusted prediction markets. Integrity is not optional — it's our foundation.