🏦Legal Aspects of Affiliate Promotion
Before promoting any Betfin services, it’s advisable to consult a legal advisor to understand any potential legal considerations in your country.
BF Protocol DAO LLC is an algorithmically-managed, for-profit limited liability company incorporated in the Republic of the Marshall Islands.
Bilateral Arrangement: Providing liquidity and participating in the affiliate system constitutes a bilateral arrangement between the provider and independent game operators utilizing the protocol, not a collective investment managed by the Company.
No Fiduciary Duty: Holding a Pass NFT or providing liquidity does not constitute an equity interest, a debt obligation, or a security. There is no fiduciary relationship between the Company and its members.
Outcome Disclosure: Members acknowledge that the protocol operates autonomously through smart contracts; outcomes are determined by mathematical logic, and the Company does not guarantee any particular economic result.
User Compliance: By acquiring a Pass, users self-certify they are not "Restricted Persons" (subject to international sanctions). It is the user's sole responsibility to ensure their promotion of the protocol is legal in their jurisdiction.
This is a basic framework for addressing the legal aspects of Betfin. Below are potential questions you may wish to discuss with your legal advisor:
How to legally promote Betfin games in your country?
Consider lotto games and shared games as two separated kinds of products as those are on different principle.
How legally promote Betfin staking in your country?
Consider dynamic staking and conservative staking as two separated products as those are on different principle.
How to legally participate on Betfin affiliate in your country?
Betfin affiliate participation may bring tax and other related consequences.
Options for Adjusting Your Affiliate Strategy
If your advisor finds certain aspects of your Betfin affiliate strategy legally challenging, consider revising (or, if necessary, halting) your strategy. Here are some options to help you promote Betfin while staying within the legal framework of your jurisdiction:
1. Feature Blocking for Compliance
Betfin offers the option to create a partner setup that allows specific features to be blocked on your website.
For instance, if lotto games are restricted in your country, you can design a partner page that blocks access to lotto games for users based on their IP addresses. Learn more in Partner Contract Explained.
2. Shift Marketing Activities to Permissive Regions
If promoting Betfin within your country proves unfeasible, consider conducting your marketing activities in regions where regulations are less restrictive, allowing you to operate more freely.
These strategies can help you tailor your approach to align with local regulations and continue building your affiliate network responsibly.
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