Important information about Alto.

Alto is a software interface and strategy layer. Alto does not operate the underlying prediction markets and does not act as the counterparty determining the outcome of those markets.

Alto strategies are not pooled investment funds. Users do not contribute capital to a shared Alto portfolio. Each user’s allocation is individual.

Alto is being designed so that customer funds remain with supported third-party infrastructure rather than being held by Alto. Availability of this structure and individual features may depend on Alto’s integrations and the user’s jurisdiction.

Strategies, rankings, historical performance, backtests, simulations, Vela responses, and other information displayed by Alto are informational. They are not individualized recommendations based on a user’s personal financial circumstances.

Historical results are based on available market data and stated assumptions. Backtests involve limitations — including survivorship, liquidity and execution assumptions that do not hold in a live book — and may differ materially from results achievable in live markets. A backtested return is not a projection.

Positions displayed in your account are real, not simulated. Where a figure on a strategy page is historical rather than yours, it is labelled as such on that page.

Markets accessible through or referenced by Alto may be operated by independent third parties. Market rules, eligibility requirements, settlement procedures, liquidity, availability, and pricing are controlled by those platforms.

Applicable fees, if any, should be disclosed to users before they authorize relevant transactions. Third-party venues may separately charge their own fees.

Prediction-market regulation varies by jurisdiction. Alto may restrict products, markets, or functionality based on a user’s location and the availability of compliant third-party infrastructure.

No strategy displayed on Alto is guaranteed to be profitable. Users should evaluate the risks before allocating capital.