Terms & Conditions
BullSpree is the flagship brand of M/s Krazzy Fin Private Limited hereinafter referred to as (“the Company”). The Company renders research on stock exchange markets, based on the research, the company offers the users to participate in various competition and financial literacy games (“Event”/ “Events”) and various services (“BullSpree Services”/ “Services”) which are available on www.bullspree.com and BullSpree Mobile Application (individually and collectively referred to as “Portal” / “BullSpree Portal” / “BullSpree Platform”). Any person (hereinafter referred to as "the User" or "you" or "your") accessing or utilizing the BullSpree Portal or any of its features including participation in Events being conducted and offered on the BullSpree Portal to the User by the Company and/or its affiliates; subsidiaries; associates and partners, shall be bound and governed by these Terms and Conditions (“T&C”) and all other rules; regulations and terms of use referred to herein or provided by the Company in relation to any BullSpree Services. These T&C read along with the Privacy Policy, disclaimers referred herein or provided by the Company from time to time, shall govern your use/access of the BullSpree Platform, its related content, sites and hyperlinks owned maintained and operated by the Company and or its affiliates; subsidiaries; associates and partners. These T&C apply to all Users of the BullSpree Portal.
This document/agreement/understanding is an electronic record in terms of Information Technology Act, 2000 and rules and regulations thereunder and is generated by a computer system and does not require any physical or digital signatures. This document is published in accordance with the provisions of Rule 3 of the Information Technology (Intermediaries Guidelines) Rules, 2011. The BullSpree Portal is an informational platform which aims to bring awareness among people about financial markets through stock market events and learning modules, and mock stock games. It boosts financial literacy through gamification whereby, involving considerable skill, judgement and discretion. “The Element of Skill” has a predominant influence on the outcome of the event selected by the User. Success arises out of Users’ exercise of superior knowledge, judgement and attention.
By proceeding to access the BullSpree Portal, register and use the Services, the User hereby confirms to have read and understood the terms hereof, and such access and use by the User is at the User’s own accord with free will and consent. The User declares that the User has not been coerced or put under any pressure or influenced in any manner whatsoever to access the BullSpree Portal, register and use the Services.
If you do not wish to adhere to our T&C or any of our future changes or modifications to our T&C, you may choose to cease the use of our Services and any and all features of our BullSpree Portal alongwith the Services we offer.
You understand that T&C will be binding on you. You agree that Services offered on the Portal can be accessed in accordance with the T&C and you shall be responsible to comply with T&C at all times. The Company shall be entitled to modify these T & C, rules, regulations and terms of use referred to herein or provided by it in relation to any Services, at any time, by duly posting the same on the BullSpree Portal. The usage of the BullSpree Portal constitutes the User's acceptance of such T & C, rules, regulations and terms of use referred to herein or provided by the Company in relation to any BullSpree Services, as may be amended from time to time. The Company may, at its sole discretion, also notify the User of any change or modification in these T & C, rules, regulations and terms of use referred to herein or provided by the Company, by way of sending an email to the User's registered email address or posting notifications in the User accounts. The User may then exercise the options provided in such an email or notification to indicate non-acceptance of the modified T & C, rules, regulations and terms of use referred to herein or provided by the Company. If such options are not exercised by the User within the time frame prescribed in the email or notification, the User will be deemed to have accepted the modified T & C, rules, regulations and terms of use referred to herein or provided by the Company.
The User’s use of the BullSpree Portal shall be
subject to:
(a) These T & C;
(b) The Privacy Policy and any other terms,
conditions, notices or disclaimers displayed or
added to the BullSpree Portal and/or the Customer
Agreement form by the Company or any other
document signed by the User;
(c) The Service(s) and BullSpree Portal are
provided for the User’s personal and
non-commercial use only. The User agrees not to
reproduce, retransmit, distribute, disseminate,
sell, broadcast, perform, make available to third
parties or circulate the credentials to access the
Portal or any material, content through the
BullSpree Portal, or to exploit any content for
commercial purposes without the express prior
written consent of the Company;
Certain BullSpree Services being provided on the
Portal may be subject to additional rules and
regulations set down in that respect. To the
extent that these T&C are inconsistent with
the additional conditions set down, the additional
conditions shall prevail.
If any of the T&C are determined to be
unlawful, invalid, void or unenforceable for any
reason by any judicial or quasi-judicial body of
India, it will not affect the validity and
enforceability of the remaining T&C. Our
failure or delay to act or exercise any right or
remedy with respect to a breach of any of the
T&C by you shall not be construed as waiver of
our right to act with respect to the said breach
or any prior, concurrent, subsequent or similar
breaches.
I. Eligibility
The Event(s) are open for use only to Users
residing in India, except otherwise stated
hereinafter.
In the event a User indicates, while entering the
User details, that he/she is either a resident of
Assam, Odisha, Karnataka, Sikkim, Nagaland,
Telangana, Andra Pradesh or Tamil Nadu
(“Restricted State”), such User will not be
permitted to proceed to sign up for any game in
the paid version of the Event(s).
User or Users who are above the age of 18 years
are eligible to use the Services to play the
Events,. Access to our Services or any part
thereof may be restricted by us from time to time
in our sole decision. You confirm that you are
eligible to use our Services and are not accessing
the Services to play Events from any Restricted
State or outside India.
Only those Users who have successfully registered
on the BullSpree Portal as well as registered
prior to each events in accordance with the
procedure outlined below shall be eligible to
participate in the Event(s) and win prizes.
II. Legality of Game of Skill
Game of Skill are legal, as they are excluded from the ambit of Indian Gaming legislations including, the Public Gambling Act of 1867. The Indian Supreme Court in its decisions given in ‘State of Andhra Pradesh v/s V.K. Satyanarayana’ (AIR 1968 SC 825) and ‘KR Lakshmanan v/s State of Tamil Nadu’ (AIR 1996 SC 1153) has held that, “a game in which success depends predominantly upon the superior knowledge, training, attention, experience and adroitness of the player shall be classified as a game of skill”.
III. Creating a User Account
In order to avail any of the BullSpree Services
through the BullSpree Platforms, the User is
required to register on the BullSpree Portal,
which may involve without limitation, setting up
of a profile and providing the following
information:
a. Full Name
b. Email ID address.
c. Create a username
d. State of Residence in India
e. Gender
f. Date of Birth
g. Register personal mobile number
h. PAN Card details
i. Bank account details of the User
j. Details of ID issued by government authority
The User acknowledges the above information is
provided voluntarily by the User. The User further
acknowledges that by seeking the above
information, the Company is not violating the
privacy of the User. The User confirms that the
Portal may use the above information for carrying
out KYC of the User as well as for other purposes
relate to the Portal.
All information collected from Users, such as
registration and credit card information, is
subject to the Company’s Privacy Policy which is
available at BullSpree Portal.
The User acknowledges that the Company, in its
sole and absolute discretion may require the User
to generate an One Time Password (“OTP”) and to
fill in and submit the same so as to log in
his/her User Account or in order to get access to
the BullSpree Portal.
The User will be solely responsible to ensure
confidentiality of his/her username or account
with the Website. By registering, the User hereby
grants consent for contacting via telephone or
email based on the information furnished by the
User either by us, or our Affiliates or third
parties nominated in this regard for providing
better services or for promotional activities
related to the BullSpree Services. The User also
agrees that the basic information, personally
identifiable information, provided by him/her are
true, complete and accurate, and agree not to
submit any particulars which are false or any
information to which he/she does not have any
right or authority to provide. The User is solely
responsible for maintaining the confidentiality
and security of all activities that occur on or
through User’s access of the BullSpree Platforms.
In order to use and/or register through BullSpree
Platforms, the User represents to be 18 (Eighteen)
years of age or older.
Further, the Company may also collect from its
User the information regarding their employment,
profession or status of vocation etc.
IV. Registration for Event(s)
Users are required to accurately provide the
following information
a. Full Name;
b. Mobile number;
c. OTP, as provided to the User sent on his/ her
registered mobile.
Participants are also required to confirm that
they have read and shall abide by T&C.
If a User chooses a username that, BullSpree
considers in his opinion that is obscene,
indecent, abusive or that might subject BullSpree
to public disparagement or scorn, or a name which
is an official team/franchise names and/or name of
any celebrity, as the case may be, BullSpree
reserves the right, without prior notice to the
User, to restrict usage of such names, which in
BullSpree’s opinion fall within any of the said
categories and/or change such username and
intimate the User or delete such username and deny
such User to access the Portal.
By Participating in Event(s), each User
acknowledges and agrees that he/she is
participating in a game of skill.
The Portal has an in-app closed wallet, wherein a
User can deposit real money if required to
participate in the Events(s) and can only withdraw
his rewards from the wallet beyond a specific
threshold.
V. Event(s)
The Event(s) offered to the User are sectoral
based, e.g. Auto Giants, Pharma Kings, FMCG
warriors etc.. Under the Event(s), the User is
required to make the following selection in the
below stated sequence:
a. Select sectors for the Events;
b. Select a team of 10 stocks (4 large cap, 3 Mid
cap, 3 Small cap) out of the pool of 50-60 stocks
listed in the event(s) and individually select
“Play Bullish” or “Play Bearish” for each such
stock as selected by the User;
c. Select MM (market mover) and TG (top gainer).
This gives the User leverage to earn 2x points and
1.5x points for MM and TG respectively.
After having made the above selection, the User is
required to confirm his participation in the
event(s) by paying a joining fee (the User can
choose the bonus/deposit/rewards money option) and
waits for the game to begin.
The User is given the option of being exposed to
different sets of contests with varying joining
fees ranging from Spreecoins 2 to Spreecoins
1,00,000 against which the User is given the
respective rewards potential.
In order to provide the User with better stock
market understanding and knowledge, the Portal
incorporates certain informative videos. Robust
analytics coverage would be provided to a User to
make better choice in stock selection via
information provided at stock level from our third
party Application Programming Interface wherein
information about a particular stock will be
visible to the User.
The Events as offered in the Portal are 1 hour, 3
hours, 6 hours, weekly-based and monthly-based
event(s). The User can track the performance in
the live leader board section once the event gets
started. No sooner the Event ends, the User is
free to collect the rewards of his/her rewards
Transfer of withdrawal money in User’s bank
account might take 48-72 hours.
The User’s performance is evaluated basis
percentage increase in stock price in actual stock
market by using the following formula:
(Event End time price of the Stock – The opening
price of Stock) x
100
(The opening price of the Stock)
Points are awarded to the User based on the basis
of formula. In bullish Event, higher points are
scored by the User if the percentage change is
higher. In bearish event, if the stocks are going
up, User gets negative points. The person who
captures maximum points in the Event is adjudged
as the winner.
The BullSpree Portal charges a commission ranging
from 10% - 30% of the total pot size of the event,
i.e. total joining fee of the number of players
participating in a contest. The Portal also
provides the User with a signup bonus and a
referral bonus.
Apart from the aforesaid, BullSpree, at its discretion may introduce other Events, including Portfolio based gaming Events and other gaming formats, in which success and rewards of the User may depend on their skill and performance.
VI. User Conduct
By participating in the Event(s), each User
acknowledges and agrees that he/she is
participating in a game of skill.
After you have registered on our Portal, it is
your sole responsibility to make sure that you do
not disclose the OTP sent to your registered
mobile number from BullSpree Portal to anybody, be
it your friends, family members, third party, or
anybody whatsoever, then enter the OTP on the
BullSpree Portal.. We shall not be responsible if
your User account is logged in to or accessed by
anybody else by using your OTP.
By registering as a User, the User hereby grants
consent for contacting via telephone/ Email ID
based on the information furnished by the User
either by us, or our Affiliates or third parties
nominated in this regard for providing better
services or for promotional activities related the
BullSpree Services. The User is solely responsible
for maintaining the confidentiality and security
of all activities that occur on or through the
User’s access of the BullSpree Portal.
All Information collected form Users, such as
registration and credit card information, is
subject to the Company’s Privacy Policy.
Users agree not to copy, modify, rent, lease,
loan, sell, assign, distribute, reverse engineer,
grant a security interest in, or otherwise
transfer any right to the technology or software
underlying the Portal or Services.
Users agree that without Portal’s express written
consent, they shall not modify or cause to be
modified any files or software that are part of
Portal Services.
User agrees to provide true, accurate, current and
complete information at the time of registration
and at all other times (as required by the
Company, through any means).
User further agrees to update their registered
information at all times.
A User shall not agree to register or operate more
than one User account for accessing the Portal or
accessing the Services.
By the use of Services, the User confirms that
such use is neither in furtherance of any criminal
act nor has the User sourced the payment made to
the Portal out of proceeds of any crime. The User
confirms that access of the Portal and use of the
Services by the User does not result in violation
of any extant laws, including but not limited to
laws and regulations relating to Securities and
Exchange Board of India. The User confirms that if
by use of the Services by the User, the User
violates any extant laws or that such use results
in violation of any of the extant laws by the
User, including but not limited to laws and
regulations relating to Securities and Exchange
Board of India, the Company or any of its
officers, its employees, promoters, etc. shall
neither be responsible nor liable for such
violation by the Users. Users agree to indemnify
and hold harmless the Company, its directors,
employees, affiliates and assigns against all
costs, damages, loss and harm including towards
litigation costs and counsel fees, which may arise
as a consequence of such violation.
User agree not to institute, assist or become
involved in any type of attack, including without
limitation to distribution of a virus, denial of
service, or other attempts to disrupt Portal and
Services or any other person’s use or enjoyment of
Services.
Users consent to receive communications such as
announcements, administrative messages and
advertisements from the Company and/or of its
affiliates, subsidiaries, associates, licensors
and partners. User agrees that they can receive
all communications from the Company or Portals by
marking emails or sending personal messages
(“SMS”) on their registered mobile no. from the
Company and the Portal as part of their “safe
senders” list. The Company shall not be held
liable if any Emails/ SMS remain unread by a User
as a result of such Email getting delivered to the
User’s junk or spam folder.
The User shall continue to logged into the Portals
till the time User voluntarily exits/ or logout of
the account or by the Company as it deems fit in
its sole and absolute discretion. The Company
though recommends its Users to exit/ logout of the
accounts at the end of every session. The Company
shall not be responsible for any loss or damages
that may result if the User fails to comply with
the requirements.
User agrees not to use cheats, exploits,
automation, software, bots, hacks or any device,
contraption, contrivance or any unauthorized third
party software or designed to modify or interfere
with Services and/or the experience of the User or
assist in such activity.
User shall not publish any content that is
patently false and untrue, and is written or
published in any form, with the intent to mislead
or harass a person, entity or agency for financial
gain or to cause any injury to any person.
Without limiting the foregoing, Users agree not to
use Portal for any of the following:
a. To engage in any obscene, offensive, indecent,
racial, communal, anti-national, objectionable,
defamatory or abusive action or communication;
b. To harass, stalk, threaten, or otherwise
violate any legal rights of other individuals;
c. To publish, post, upload, E-mail, distribute,
or disseminate (collectively, “Transmit”) any
inappropriate, profane, defamatory, infringing,
obscene indecent, or unlawful content;
d. To transmit files that contain viruses,
corrupted files, or any other similar software or
programs that may damage or adversely affect the
operation of another User’s computer or mobile,
Portal, any software, hardware, or
telecommunications equipment;
e. To advertise, offer or sell any goods or
services for any commercial purpose on Portal
without express written consent of BullSpree;
f. To download any file, recompile or disassemble
or otherwise affect our products that you know or
reasonably should know cannot be legally obtained
in such manner;
g. To falsify or delete any author attributions,
legal or other proper notices or proprietary
designations or labels of the origin or the source
of software or other material;
h. To restrict or inhibit any other User from
using and enjoying any public area within our
sites;
i. To collect or store personal information about
other Users;
j. To interfere with or disrupt Portal, servers or
networks;
k. To impersonate any person or entity, including,
but not limited to, a representative of Portal, or
falsely state or otherwise misrepresent User’s
affiliation with a person or entity;
l. To forge headers or manipulate identifiers or
other data in order to disguise the origin of any
content transmitted through Portal or to
manipulate User’s presence on Portal;
m. To take any action that imposes an unreasonably
or disproportionately large load on our
infrastructure;
n. To engage in any illegal activities. You agree
to use our bulletin board services, chat areas,
news groups, forums, communities and/or message or
communication facilities (collectively, the
“Forums”) only to send and receive messages and
material that are proper and related to that
particular Forum.
o. To use the Services in violation of any extant
laws, including but not limited to laws and
regulations relating to Securities and Exchange
Board of India.
p. To pay to the Portal proceeds of any crime.
q. To engage in any action that threatens the
unity, integrity, defense, security or sovereignty
of India, friendly relations with foreign States,
or public order or causes incitement to the
commission of any cognizable offence or prevent
investigation of any offence or is insulting other
nation.
Unauthorized access to Portal is a breach of these
T&C, and a violation of the law. Users agree
not to access Portal by any means other than
through the interface that is provided by Portal
for use in accessing the Services. Users agree not
to use any automated means, including, without
limitation, agents, robots, scripts, or spiders,
to access, monitor, or copy any part of our sites
except those automated means that BullSpree has
approved in advance.
Use of Portal is subject to existing laws of India
and legal processes. Nothing contained in these
T&C shall limit BullSpree’s right to comply
with governmental, court, and law-enforcement
requests or requirements relating to Users’ use of
Portal and Services.
VII. Payment Terms
In respect of any transaction entered into on the
Portal, including making a payment to participate
in the paid version of Event(s), Users agree to be
bound by the following payment terms:
a. The Portal reserves the right to charge a
joining fee, which would be specified and notified
by BullSpree on the Event page, being provided by
the Portal, prior to User’s joining of such
Events. The Joining fee will be debited from
User’s in-app closed wallet.
b. All Cash Bonus credited in the User account
shall be valid for 14 days from the date of
credit. The unutilized Cash Bonus shall expire at
the end of 14 days from the date of credit.
c. Users agree that once they confirm a
transaction on Portal, they shall be bound by and
make payment for that transaction.
d. A transaction once confirmed is final and no
cancellation is permissible. BullSpree may, in
certain exceptional circumstances and at its sole
and absolute discretion, refund the amount to the
User after deducting applicable cancellation
charges and taxes. At the time of the transaction,
Users may also be required to take note of certain
additional terms and conditions and such
additional terms and conditions shall also govern
the transaction.
e. Users shall not use the proceeds of any crime
for making payment to the Portal.
VIII. Breach and Consequences by a User
The User hereby agrees to abide by these T&C
and all other rules, regulations and terms of use
of the Portal and Services. In the event User does
not abide by these T&C and all other rules,
regulations and terms of use, the , the Company
may at its sole and absolute discretion take
necessary remedial action including but not
limited to:
a. Restrict, suspend, or terminate any User’s
access to all or any part of the Portal and/or
Services.
b. Change, suspend, or discontinue all or any part
of the Portal and/or Services.
c. Reject, move, or remove any material that may
be submitted by a User.
d. Move or remove any content that is available on
Portal.
e. Deactivate or delete a User’s account and all
related information and files on the respective
account.
f. Establish codes or give directions as to
general practices and limits concerning use of
Portal.
g. Refrain from awarding any prize(s) to a
User.
h. Offer discounts to all or any of its Users in
the form or forms it deems fit .
i. All such discounts shall be credited in a
separate account..
j. Revise or make additions and/or deletions to
the roster of stocks available for selection in a
Contest on account of revisions to the roster of
stocks listed at a particular stock exchange.
k. Assign its rights and liabilities to all User
accounts hereunder to any entity (post such
assignment intimation of such assignment shall be
sent to all Users to their registered email ids).
In the event any User breaches, or the Company reasonably believes that such User has breached these T&C, or has illegally or improperly used BullSpree Platforms or BullSpree Services, the Company may, at its sole and absolute discretion, and without any notice to the User, restrict, suspend or terminate such User's access to all or any part of BullSpree Services or the BullSpree Platforms, deactivate or delete the User's account and all related information on the account, delete any content posted by the User on BullSpree Platforms and further, take technical and legal steps as it deems necessary.