Terms and Conditions of Use for Lotus365
Welcome to Lotus365. These Terms and Conditions (“Terms”) govern your use of our online betting platform, website, and all associated services, including the online casino and sports betting markets. By accessing or using the services provided by Lotus365, you agree to be bound by these Terms and our Privacy Policy. Please read them carefully before using our platform.
1. Account Creation and Eligibility
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Eligibility: You must be of legal gambling age in your jurisdiction and at least 18 years old to create an account and use our services.
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Account Information: You are required to provide accurate, complete, and current information during the registration process. You are solely responsible for maintaining the confidentiality of your Login ID and password.
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Verification (KYC): Lotus365 reserves the right to request proof of identity and age (Know Your Customer or KYC documents) at any time to verify your account and process withdrawals. Failure to provide satisfactory documentation may result in account suspension or termination.
2. Financial Transactions
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Deposits: All deposits must be made from a payment method registered in your own name. We reserve the right to verify the source of funds.
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Withdrawals: Withdrawals are subject to minimum and maximum limits, verification checks, and any specific bonus wagering requirements. We aim to process all transactions securely and promptly.
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Fees: While Lotus365 generally does not charge transaction fees, you are responsible for any fees applied by your bank or payment provider.
3. Betting and Wager Acceptance
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Acceptance: Bets are not considered accepted until they have been validated and confirmed by our system.
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Voiding Bets: Lotus365 reserves the right to refuse or limit any bet. We also reserve the right to void any bet placed on games or events where there is a clear error, malfunction, or breach of these Terms.
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Rules: All bets are placed subject to the specific betting rules provided on the respective sports or online casino pages.
4. Prohibited Activities
Users of the Lotus365 platform must not engage in: fraud, collusion, money laundering, using automated software (“bots”), or exploiting system errors. Any such activity will lead to the immediate suspension and potential termination of your account, forfeiture of any winnings, and reporting to relevant authorities.
5. Termination and Suspension
Lotus365 may terminate or suspend your account, without prior notice or liability, for any reason, including without limitation if you breach the Terms. Any outstanding funds will be handled according to legal and regulatory requirements.
6. Disclaimer and Liability
The services on the online betting platform are provided “as is.” Lotus365 disclaims all warranties. We are not liable for damages resulting from technical faults, viruses, or system failures, except where such liability is mandated by law.