Legal Notice

These House Rules for Paid-Entry Games (the “House Rules”) may only be distributed pursuant to a confidentiality agreement between the recipient and GridRival Inc (“GridRival” or the “Company”). The recipient of this document may use it solely and exclusively to better understand the rules that impact the user experience built into GridRival’s paid-entry games. This document may not be used for any other purpose and shall not be distributed or disclosed to any third party. Furthermore, the recipient will use all reasonably diligent means to protect against any unauthorized use, distribution, or disclosure of the House Rules. These House Rules will be updated as GridRival’s paid-entry games evolve. No notice will be given to recipients of this document when such updates are made.

Introduction

This document attempts to summarize, in layman’s terms, the rules and controls built into GridRival’s paid-entry games as they impact users’ ability to participate in such games. The document is structured to mirror the complete lifecycle of an individual user of GridRival’s paid-entry games.

These House Rules for Paid-Entry Games illustrate how the product design and engineering specifications built into paid-entry games on the GridRival platform reflect the objectives of the Company’s overall compliance program and conform to relevant legal and regulatory guidance. As well as being a critical internal communication document, this document may be made available to vendors and other third parties who need to understand how GridRival’s paid-entry products work and what users of those products can or cannot do on the platform. Excerpts of this document may also be used for consumer-facing information.

Establishing a GridRival Account and a GridRival Wallet

Establishing a Free Account with GridRival

The GridRival application can be accessed on the worldwide web at www.gridrival.com and can be downloaded to mobile devices from Apple’s App Store and Google’s Google Play. The app is listed on both mobile device systems as available to download for users at least 18 years of age, although user age verification does not occur until a user attempts to access paid-entry contest features, as discussed below.

Once an account is created, users can access it from any device that meets minimum operating system requirements. There are no restrictions around who can open a non-monetary account on the GridRival platform, although some users must open an account through the web-based on the mobile app’s accessibility rules outlined above. A new account can be created simply by providing an email address. Users who create an account associated with an email address must also set a password for their account upon creation. All users are required to create a unique username. A user can update their username, phone number, or email address within the GridRival platform at any time.

Linking a Bank Account to a GridRival Wallet

Before a user can enjoy any paid-entry products, they must link a bank account or debit/credit card to their GridRival Wallet. A GridRival Wallet is unique to each user and contains a balance representing US Dollars that can be used to participate in paid-entry contests or is available to be remitted to the user’s bank account. The balance within a user’s GridRival Wallet may be comprised of money deposited through the user’s bank accounts, money gifted through GridRival promotional events, and winnings from paid-entry games. Anyone wishing to link a bank account to participate in a paid-entry game must first pass a Know Your Customer identity verification check, even if the user is participating in a paid-entry contest using money gifted through a GridRival promotional event. If the last names do not match, the attempt will be automatically rejected, and the user may attempt to link another account.

If the last names successfully match, the user is then required to make a deposit to verify the validity of the bank account s/he is linking to the GridRival Wallet. For users already attempting to participate in a paid-entry contest, this check will be made by following the deposit funds process outlined.

below.

For users who are linking a bank account without the intent to join a paid-entry game imminently, an automated $1.00 transfer from their bank account to their GridRival Wallet will be applied to ensure the validity of their bank account. After a user has passed the Know Your Customer verification check and successfully completed a deposit, that bank account remains linked to their GridRival Wallet until the user removes the bank account, which s/he can do at any time.

Getting Verified to Play Daily Fantasy Sports Games on GridRival

Users must be at least 18 years of age and located within one of the 50 U.S. states or the District of Columbia to pass the Know Your Customer verification. Please note that some states have specific requirements regarding age of participation. There are no restrictions on where a user must be physically located when going through the identity verification steps, although there are substantial restrictions, discussed later, on where a user must be physically located when playing a paid-entry game. The user is reminded before beginning this process that they are prohibited from playing paid-entry games in certain states.

The user must enter the following information to undergo the Know Your Customer

check:

  • Legal name (first and last)

  • Date of birth (month, day, year)

  • Address (street address, city, state, zip)

The above data is sent through a secure interface to a third-party provider that instantly evaluates whether the information provided is that of an actual human being. If the third-party system cannot validate the existence of the user based on the information provided, the user may upload a picture of a government-issued driver’s license or passport in a second attempt to confirm their identity with the third party. If the user fails both of these tests, s/he will not be able to link a bank account to their GridRival Wallet.

The same third-party provider also compares the data provided by the user to several watchlists used to identify individuals subject to various money laundering, terrorism financing, OFAC, or other sanctions promulgated by state, federal, or international authorities, as well as any internally developed watchlists based on past suspicious activity or fraudulent behavior. Matches identified by the third-party provider’s systems are routed to GridRival’s compliance team for further evaluation, which may lead to the user’s account being suspended and/or other actions deemed appropriate on a case-by-case basis.

After a user passes the Know Your Customer verification check, they are no longer able to update their date of birth. Additionally, any subsequent change requests to a user’s legal name must be processed through GridRival customer support.

Set Up and Verification to play Paid-Entry Game

Depositing Funds into a GridRival Wallet

After connecting a bank account to their GridRival Wallet through the steps outlined above, a user can deposit funds from their bank account into their GridRival Wallet in accordance with GridRival’s guidelines. Users can make individual deposits, not totaling more than $1,000 in any 24-hour period.

All deposits will also be in US dollars. You are responsible for any/all charges that your financial institution may charge in connection with your deposit on our applications.

For individuals living outside of the United States, deposits will be converted from your native currency to US dollars at the time of deposit. Withdrawals will be converted to your native currency at the time of withdrawal. GridRival is not responsible for any changes in relative currency valuation that occur between when you deposit and when you withdraw your funds from GridRival.

Users’ funds are deposited into a bank account that the Company maintains solely for the purpose of holding monies contained within users’ GridRival Wallets which is available to be entered in paid-entry contests or for withdrawal to a bank account of the respective user. Although the transfer to this users’ funds bank account may take up to 72 hours, users are able to use deposited funds to participate in a paid-entry game immediately.

In certain circumstances, a user’s deposit attempt will be rejected and returned. Examples of reasons triggering a deposit return include insufficient funds, a closed account, or an invalid account number. Upon receiving a transaction return alert from the third-party system, the GridRival platform will automatically subtract the amount of returned funds and any winnings from contests entered with the returned funds from the related user’s GridRival Wallet. Any user transactions performed before the subtraction that would have caused a user’s account balance to go negative without the returned funds will be voided. Users are prevented from withdrawing any deposited money from their GridRival Wallet until the transfer to GridRival’s dedicated user funds bank account is successfully completed.

Withdrawals from GridRival Wallets

Users can withdraw the funds held in their GridRival Wallet in accordance with GridRival’s withdrawal terms. Depending on the user’s bank, funds may be transferred from a user’s GridRival Wallet to their bank account immediately but may take up to three business days. On rare occasions, withdrawals may take up to seven business days to transfer.

A user may withdraw a minimum of $20 and a maximum of $1,000 in any single withdrawal. A user cannot make an additional withdrawal if they have withdrawn $5,000 or more in the past 24 hours.

Although a user can enter paid-entry contests with their deposited funds immediately, they may not withdraw the deposited funds or any winnings from contests entered with said funds until the deposit has successfully transferred into GridRival’s user funds bank account.

During their first withdrawal, a GridRival user must provide their full social security number and email address, if not yet on file. After providing their social security number, a user will undergo another Know Your Customer verification, matching the user’s legal name, date of birth, and address to their social security number in order to withdraw funds. Before this verification, the user will have the opportunity to update their address as needed. During this process, the customer may be required to provide photos of identification such as a driver's license.

If a user is validated through this Know Your Customer process or already has a verified social security number linked to their account, the payment processor will validate that the user’s last name matches the last name on the bank account receiving the withdrawn funds before processing the payment. After passing these checks, a transfer of USD from a user’s GridRival Wallet to their bank account will be immediately initiated, and the funds will no longer be available for use in paid-entry contests.

ChargeBacks

Any accounts or users initiating chargebacks for any reason will have their accounts closed and any remaining balance will be forfeited regardless of the circumstances. Disputes regarding payments or processing should be handled via Customer Support.

Eligibility

Users must comply with the rules and regulations of the state or country in which they are located when attempting to play a paid-entry game, so a third-party geolocation service is used to identify what state the user is in when attempting to enter a paid-entry game. As such, users must allow access to their location while playing paid-entry games. GridRival DFS games are available in the United States, all of Great Britain, and Canada with the exception of Ontario.

The United States and Canada:

A user must be located in Canada (with the exception of the Province of Ontario) or within one of the following 22 jurisdictions in the United States to participate in paid-entry games on the GridRival platform:

Alaska, California, Georgia, Illinois, Kansas, Kentucky, Maryland, Massachusetts, Minnesota, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Utah, West Virginia, Wisconsin, Wyoming.

If a user is not located in one of the states listed above or Canada does not allow access to their location, the user will be automatically prevented from participating.

The states above outlined above and Canada require participants to be at least 18 years of age to play in paid-entry games except for Nebraska and Alabama, which requires participants to be at least 19 years of age to play. Participants in Massachusetts, Arizona, Iowa, and Louisiana must be 21 years of age. As such, GridRival will use the date of birth validated through the Know Your Customer verification to confirm that a user is old enough to participate in a paid-entry game based on the requirements of the state they are located in while attempting to enter a contest.

United Kingdom:

A user must be a legal resident of, and located in, Great Britain. If a user does not meet these requirements, the user will be automatically prevented from participating.

Great Britain residents are required to be at least 18 years of age to play in paid-entry games. As such, GridRival will use the date of birth validated through the Know Your Customer (KYC) verification or visual ID verification to confirm that a user is old enough to participate in a paid-entry game.

Furthermore, the following Great Britain residents may not participate in a paid-entry game:

  • a person who is or has been over the last 2 (two) years, employed or contracted by any GridRival Group company or a director, investor or agent of any GridRival Group company;

  • any relative of a person listed in “A” ("relative" means spouse, partner, parents, children or siblings or any person in the same household);

  • an employee, officer, director, or agent of any other company that provides daily fantasy sports contests;

  • a person who, by virtue of affiliation with another fantasy site, has access to prerelease non-public confidential data relevant to a Contest;

  • an athlete, director, team management, team support personnel, or team owner of a real-life auto racing team that is related to a Contest, including a team whose driver(s), rider(s) or constructor can be selected in a Contest; and/or

  • a referee, steward, league employee, sports commissioner, or other individual who through an ownership interest or game-related employment can influence contests.

Prohibited Persons

Prohibited Persons from using the GridRival platform include:

  • No person under 21 years of age may place or redeem a wager, unless specifically permitted under regulations set in the state of participation.

  • No person enrolled in the self-exclusion or a casino or Commission exclusion list, or excluded from GridRival service by the platform.

  • Any employee of a Gaming Commission in which GridRival offers its products and services.

  • Any individual whose participation may undermine the integrity of the sporting event or who is excluded from participation for other good cause, including but not limited to, an attempt to enter a contest as an agent or a proxy.

  • A person who is known to be someone who holds a position of authority or influence sufficient to exert influence over the participants in an event, including, but not limited to, coaches, managers, and handlers.

If any bets are placed by any prohibited sports pool participants, such bets shall be canceled and refunded.

Rules of GridRival’s Paid-Entry Games

Overview

Users will work towards building the most effective lineup of elements (either drivers/riders and constructors) with the available fantasy budget (typically $100,000,000.) Each user will choose six (6) elements on their lineup. Once they enter their lineup into a contest, the user is unable to cancel the entry for any reason.

The user’s selected lineup will accumulate fantasy points based on the real-world performance of the lineup’s elements during the qualifying and race events. After each event, the user will be ranked against other users on the contest leaderboard based upon how many fantasy points they accumulated during the weekend's event.

Contests marked “Sprint” are contests including three (3) or more users. Contests marked “Head to Head” are contests that only include two (2) users.

Talent Driver

Each user is allowed to use one "Talent Driver" during the event. The Talent Driver will earn double points. Only drivers whose salaries are below a certain threshold are eligible as talent drivers. This threshold is different based on each racing series. Drivers that are eligible to be selected as talent drivers are denoted with a star icon next to their name during the lineup selection process.

Reservations

The user may elect to join a contest without a lineup. In this circumstance, it is up to the user to fill the lineup prior to the start of the event (known as “lockdown.”) GridRival is not liable for any users that reserve a lineup but forget to finalize it.

Lockdown

Lockdown begins at the start of each weekend's qualifying event. At this point, the contest has officially started and users will no longer be eligible to modify their lineup.

Driver Substitutions

In the event that a driver is substituted for any reason, the replacement driver will fill the subbed driver’s position and accrue fantasy points on their behalf. The user may remove a substitute driver from their lineup at any point up until lockdown. IT IS THE USER’S RESPONSIBILITY TO BE AWARE AND INFORMED OF EVENTS THAT MAY AFFECT THEIR FANTASY LINEUP’S PERFORMANCE AND MAKE CHANGES ACCORDINGLY.

In rare cases, substitutions may not be reflected in the user interface if they occur close to, or after the event has gone into lockdown. In these circumstances, the rules above still apply.

Fantasy Points

The allocation of points for each individual contest may differ. Please reference the games scoring section prior to joining for a breakdown of how the contest will be scored. This can be viewed by tapping the “scoring” icon on any contest entry screen.

FANTASY POINTS ARE NOT ONLY AWARDED FOR FINISHING POSITIONS.

Alternative Qualifying Formats

If a racing series uses an alternative qualifying format, GridRival will use the results of the qualification format that ultimately determines starting grid position.

For example, F1 will occasionally run a "Sprint Race" format to qualify drivers for the race and use their standard qualifying format to qualify drivers for the Sprint Race. In this scenario, qualifying points will be assigned based on the finishing result of the Sprint Race, NOT based on the qualifying event used to determine the grid at the start of the sprint race.

Race Retirements (DNF’s)

In the event that a driver starts but does not finish a race, their finish position will be ordered by the number of laps completed. For example, in a series with 30 drivers, if two drivers DNF, the first driver to DNF would rank 30th and the second driver to DNF would rank 29th. If two drivers DNF on the same lap, GridRival will rank them in accordance with the official results published by the regulating bodies' website. Typically, the driver who was further ahead will rank higher, however, this may not always be the case. In all cases not covered in this description, the rank will match official scoring by the relevant sport or sport sanctioning body as is displayed on the league’s website.

Qualifying Retirements

In the event that a driver starts but does not finish qualifying, their position will be ordered by best lap time completed. For example, if two drivers do not complete a qualifying event, the driver that recorded the fastest lap time prior to retirement will rank higher. In qualifying formats that include stages, best lap time will be based on stage. For example, if two drivers fail to finish qualifying and driver A sets a faster lap time than driver B, but driver B advanced to a further stage of qualifying, driver B will rank higher. In all cases not covered in this description, rank will match official scoring by the relevant sport or sport sanctioning body as is displayed on the league’s website.

Failing to Start (DNS)

In the event that a driver does not start a qualifying event, they will not receive qualifying points, regardless of any official rank.

In the event that a driver does not start a race event, they will not receive associated race points, regardless of any official rank.

Venue changes

In the event that a sporting venue is changed after a contest has been filled, GridRival reserves the right to apply all entry fees to the new event. The user will be able to make edits to their lineup as usual up until the start of the event’s lockdown period.

Canceled and Delayed Events

When an event is canceled, GridRival will refund all entry fees. If a race is postponed before it is scheduled to start and is rescheduled to a later time, GridRival reserves the right to update contest start times to match the start time of the event.

Partially Completed Events

If an event ends without the scheduled number of laps being completed (most often due to weather), GridRival will score the event based on the order of drivers classified in the official results.

Prize Amounts

Prizes vary from race to race based on a number of factors including number of users, entry fee size, and GridRival’s rake. To view a specific contest's prizes, tap on the “prizes” icon in any contest entry screen.

Prize pools are structured in 1 of 3 ways:

  • “Tiered” payouts distribute the prize pool amongst a top % of users with 1st place receiving the most and so on.

  • “50/50” payouts split the prize pool equally amongst the top half of contestants.

  • Finally, “Winner Takes All” contests award the prize pool entirely to the winner of the contest.

Unfilled Contests

Contests that do not fill all entry positions will not run and all entry fees will be refunded to the users that entered. To avoid this happening, we recommend finding a contest that is close to full or inviting friends to participate.

Ties

Ties will be settled in the following manner:

  • 50/50 payout contests

    In the event of a tie in the winning half of the contest, payouts will occur split between the tied entrants until there are no more funds to distribute. See several examples below.

    • Scenario 1 (8 players, no ties)

      • Player A - 100 points (25% payout)

      • Player B - 90 points (25% payout)

      • Player C - 80 points (25% payout)

      • Player D - 70 points (25% payout)

      • Player E - 60 points

      • Player F - 50 points

      • Player G - 40 points

      • Player H - 30 points

    • Scenario 2 (8 players, tie between positions 2 & 3)

      • Player A - 100 points (25% payout)

      • Player B - 90 points (25% payout)

      • Player C - 90 points (25% payout)

      • Player D - 80 points (25% payout)

      • Player E - 70 points

      • Player F - 60 points

      • Player G - 50 points

      • Player H - 40 points

    • Scenario 3 (8 players, tie between positions 4 & 5)

      • Player A - 100 points (25% payout)

      • Player B - 90 points (25% payout)

      • Player C - 80 points (25% payout)

      • Player D - 70 points (12.5% payout)

      • Player E - 70 points (12.5% payout)

      • Player F - 60 points

      • Player G - 50 points

      • Player H - 40 points

  • Head-to-Head Contest

    A contest resulting in a tie will return the entry fee to each player minus the contest rake (10%).

  • Tiered Payout Contest

    In the event of a tie, the winnings from that tier and the tier below will be combined and split between winners. This could result in fewer tiers being paid out than originally scheduled, but the same total number of players will be paid out.

    NOTE: payout figures in examples are arbitrary and may not match each individual contest.

    • Scenario 1 (10-player contest, $3 entry, 3 payout positions, no ties

      • Player A - 100 points ($18)

      • Player B - 90 points ($6)

      • Player C - 80 points ($3)

      • Player D - 70 points

      • Player E - 60 points

      • Player F - 50 points

      • Player G - 50 points

      • Player H - 40 points

      • Player I - 30 points

      • Player J - 20 points

    • Scenario 2 (10-player contest, $3 entry, 3 payout positions,tie between positions 2 & 3)

      • Player A - 100 points ($18)

      • Player B - 90 points ($4.5)

      • Player C - 90 points ($4.5)

      • Player D - 70 points

      • Player E - 60 points

      • Player F - 50 points

      • Player G - 50 points

      • Player H - 40 points

      • Player I - 30 points

      • Player J - 20 points

    • Scenario 3 (10-player contest, $3 entry, 3 payout positions, tie between positions 1 & 2

      • Player A - 100 points ($12)

      • Player B - 100 points ($12)

      • Player C - 90 points ($3)

      • Player D - 70 points

      • Player E - 60 points

      • Player F - 50 points

      • Player G - 50 points

      • Player H - 40 points

      • Player I - 30 points

      • Player J - 20 points

    • Scenario 4 (10-player contest, $3 entry, 3 payout positions,tie between positions 1 & 2 & 3)

      • Player A - 100 points ($9)

      • Player B - 100 points ($9)

      • Player C - 100 points ($9)

      • Player D - 70 points

      • Player E - 60 points

      • Player F - 50 points

      • Player G - 50 points

      • Player H - 40 points

      • Player I - 30 points

      • Player J - 20 points

Payout Settlement

Unlike many traditional sports, racing is more likely to issue post-race penalties primarily because events cannot easily be paused to review and issue rulings, especially those that occur towards the end of a race.

To ensure results are accurate, fair to all users, and match as closely as possible to official results, we settle all contest payouts 24hrs after the completion of the race. IN THE EVENT THAT THERE ARE STILL PENDING DECISIONS RELATED TO A PENALTY OR ANYTHING ELSE THAT MIGHT AFFECT OFFICIAL SCORING, WE WILL WAIT A MAXIMUM OF 72 HOURS FOR THE OFFICIAL SPORT SANCTIONING BODY OR LEAGUE TO ISSUE A DECISION. IF NO DECISION HAS BEEN MADE, PAYOUTS WILL BE SETTLED USING THE MOST CURRENT RESULTS AVAILABLE TO GRIDRIVAL AT THE TIME OF SETTLEMENT.

IF THERE ARE NO PENDING DECISIONS, RULINGS, OR PENALTIES BY A SPORTS GOVERNING BODY WITHIN 24 HOURS FROM THE COMPLETION OF AN EVENT AND GRIDRIVAL SETTLES PAYOUTS, BUT SUBSEQUENT PENALTIES ARE ISSUED AFTER OUR SETTLEMENT PROCESS IS COMPLETED, GRIDRIVAL WILL NOT REFUND PAYOUTS AND RESCORE THE EVENT.

IN ALL INSTANCES IN WHICH AN UNEXPECTED OR PREVIOUSLY UNEXPERIENCED CIRCUMSTANCE OCCURS THAT AFFECT RESULTS IN A WAY THAT CANNOT BE ACCOUNTED FOR IN OUR OFFICIAL RULES, THE DECISION TO SETTLE OR REFUND ENTRY FEES IS AT THE SOLE DISCRETION OF GRIDRIVAL.

Rescores

In the event that a post-race decision is made by the official sport sanctioning body or league that affects GridRival’s scoring, and the decision is issued within our 72-hour settlement window, we will rescore the event prior to settling payouts. The same is true in the instance that GridRival encounters an issue with its software, or if an error in data from a 3rd party data provider is experienced.

In rare occasions, payouts may need to be revoked and reissued due to a mistake in the contest creation process, scoring or grading. In these instances, we will always use the payout structure dictated prior to the contest beginning upon resettlement.

Verification

Prior to entering a paid entry contest on GridRival, users must go through our verification process that involves verifying their location via a 3rd party GeoLocation vendor and verifying their identity through a 3rd party Identity vendor. Based on the results of verification, the user will either be approved to play, or verification will fail and they will need to reach out to [email protected] for more clarity on the issue.

Taxable Earnings

United States-based users that accumulate more than $600 in winnings in a calendar year will be required to fill out a W9 for tax purposes and in Canada, a W8.

Game Integrity

GridRival takes seriously our responsibility to make our product fun and fair. In the pursuit of this goal, we may occasionally cancel an entry if we have reason to believe that a user is operating outside the bounds of our rules.

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