Introduction
We are the flagship product of BETFIT SOLUTIONS PRIVATE LIMITED, offering our Platform to you and an opportunity to participate in fitness-based real-money challenges spanning various health and wellness goals (“Services”). An illustrative list of such challenges is provided below and may be updated from time to time (“Fitness Challenges”):
- Step Count Challenge
- Weight Loss Challenge
- Running Challenge
- Habit & Wellness Streaks
- Other goal-oriented fitness activities
Any person using, accessing, and/or participating in any fitness-related free-to-participate challenges (“Practice Challenge”) and/or pay-to-participate challenges (“Paid Challenge”) on our Platform is a user (“User”). All references to “You/Your” refer to the User. All references to “We/Us/Our” refer to Betfit, which denotes a collective reference to the Betfit mobile application and the Betfit website (hereinafter collectively referred to as the “Platform”). Practice Challenge and Paid Challenge are hereinafter collectively referred to as “Challenges”.
Acceptance of Terms
By downloading, installing, or using BETFIT (“the App”), you agree to be bound by these Terms and Conditions as well as our Privacy Policy. Please read them carefully.
Eligibility
- Minimum Age: You must be at least 18 years old to participate in any paid challenges on BetFit.
- Location Compliance: You must reside in a jurisdiction where participation in skill-based real-money fitness contests is legally permitted.
License and Access
- Grant of License: We grant you a limited, non-exclusive, non-transferable, and revocable license to access and use the App strictly in accordance with these Terms.
- Restrictions: You agree not to modify, reverse engineer, or use the App in any unlawful manner.
User Accounts, Registration and KYC
- Account Creation: You are responsible for maintaining the confidentiality of your account and password.
- Accuracy of Information: Users must provide accurate, complete, and up-to-date information during registration.
- One Account Per User: Each individual may register only one account with valid and verifiable credentials.
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KYC Verification: To withdraw winnings, users must complete Know Your Customer (KYC) verification, which may include PAN card, bank account details, and identity proof.
Fitness Challenges and Participation
- Challenge Types: BetFit offers multiple formats including step count, weight loss, running, and other fitness challenges.
- Entry Fee: To join a challenge, users pay an entry amount that contributes to the prize pool.
- Winning Criteria: Winners are determined based on completion of predefined fitness goals and may be subject to verification methods such as activity syncing or photo/video uploads.
- Challenge Verification: Challenges may require submissions (e.g., selfies, scale photos, GPS data). Failure to provide valid submissions can lead to disqualification.
Verification Process
- Uploads are reviewed by referees but can be flagged by other players as well.
- Flagged submissions are reviewed by referees.
- If an issue arises, players will be contacted.
- Failure to comply with audits may lead to disqualification.
- Zero-tolerance policy on cheating.
Submission Rules
- All submissions must be uploaded through your mobile device.
- Manual entry is not allowed.
- Device failures do not qualify for exceptions.
Running Challenges
- Follow the running schedule and pace requirements.
- One qualifying run per day, completed in a single session.
Payouts and Withdrawals
- Winnings Withdrawal: Users may withdraw winnings after completing KYC verification. Minimum withdrawal limits may apply.
- Processing Time: Withdrawals are typically processed within 1–3 business days.
- Bank Account Requirement: Withdrawals can only be made to verified Indian bank accounts.
- We may charge any processing fee for the online transfer of funds from your Winning Account to Your bank account.
Refunds and Cancellations
- Refund Policy: Users may request a refund for the challenge within 3 days of joining a challenge, provided the challenge has not started. After the challenge begins, no refunds will be issued.
- Refund will be credited back to the user’s wallet within 1 day, from where user can withdraw to the bank account. Amount will be credited to user’s account as per the withdrawal time within 2-3 days.
- Challenge Cancellation: BetFit reserves the right to cancel any challenge due to insufficient participation or technical issues. In such cases, full refunds will be issued.
Fair Play and Conduct
- No Cheating or Fraud: Any form of cheating, manipulation of tracking data, falsified photos, or fraudulent behavior will lead to disqualification and possible account suspension.
- One Device Policy: Users are expected to use a single device/account for participation. Suspicious behavior will trigger review.
Bonuses and Referrals
- Promotional Bonuses: BetFit may offer bonuses or referral rewards. These may be subject to specific terms, usage restrictions, and expiry timelines.
- Misuse: Creating fake accounts or self-referring for bonus abuse will lead to forfeiture of bonuses and possible suspension.
Fit Point
We may award Fit points at the time of a successful deposit in your Account. Your utilization of the Fit Points shall be subject to the following terms and conditions:
- Fit Points shall be valid for a period of ninety (90) days from the date of issuance
- While participating in any Paid Challenge, a certain percentage of available Fit Points shall be applied to the Pre Designated Amount.
- Deduction of Fit Points from the Pre-Designated Amount is in addition to any other Discounts available to You.
- You agree that in the event of any request for refund of the amount deposited in the Account, any Fit Points awarded to you in connection with such amount deposited shall stand forfeited and you will not be able to utilize such Fit Points.
- If you apply for refund from a challenge, the applicable Fit Points deducted from the Pre Designated Amount shall be returned to Your Fit Point balance.
TAXES PAYABLE
- From 01 October 2023, 28% GST is applicable on the amount deposited by You in Your Account. You can view the GST paid on each deposit made by You in the Account on the ‘Payment History’ page on the Platform. The GST value listed on the invoice shall be the final GST amount charged to You.
- All winnings shall be subject to deduction of tax (“TDS”) as per the Income Tax Act 1961. With effect from 1st April 2023, TDS of 30% shall be deducted from Winnings on each withdrawal request placed by You.
- In the event, You do not withdraw any of Your winnings during a financial year and You have Winning balance as of 31 March of each year, then TDS of 30% shall be deducted on such Winnings balance from Your Account as on 31 March.
- Users will be provided TDS certificates in respect of such tax deductions. The Users shall be responsible for payment of any other applicable taxes, including but not limited to, income tax, gift tax, etc. in respect of the Winnings. We shall not in any manner be responsible for users’ individual tax matters.
Intellectual Property
- All content, branding, app design, and challenge formats on BetFit are the intellectual property of the company. No content may be copied or reused without written consent.
Limitation of Liability
- BetFit is not liable for injuries, losses, or health issues arising from participation in physical activities. Please consult a healthcare professional before engaging in intensive fitness programs.
- BetFit does not guarantee winnings and is not liable for losses due to challenge outcomes, app errors, or withdrawal delays.
Third-Party Links and Content
The App may contain links to third-party websites. We are not responsible for their content or practices.
Disclaimers
- The App is provided on an “as is” basis without any warranties.
- We do not guarantee uninterrupted or error-free service.
- BETFIT is not liable for any damages arising from the App’s use.
Indemnification
You agree to indemnify and hold harmless BETFIT from any claims or liabilities arising from your use of the App.
Termination
We may suspend or terminate your access to the App without notice if you violate these Terms.
Governing Law and Dispute Resolution
- These Terms are governed by the laws of India.
- Disputes will be resolved through amicable negotiations or the courts of Haryana.
Modifications to the Terms
BetFit reserves the right to update these Terms and Conditions at any time. Continued use of the platform after changes implies acceptance of the updated terms.
Miscellaneous
- Severability: If any provision is found unenforceable, the remaining terms will remain in effect.
- Entire Agreement: These Terms, along with our Privacy Policy, constitute the entire agreement between you and BETFIT.
Disclaimer
Apple and Google are not affiliated with BetFit in any way and do not provide any prizes.
Definitions
- BetFit Challenge: A contest requiring activity completion.
- Host: The challenge organiser.
- Private challenge: Requires an invitation.
- Public challenge: Open to all eligible players.
- Referee: A BetFit agent who verifies activities.
- Investment / Pledge: The upfront payment for certain challenge.
Contact Information
If you have any questions or concerns, please contact us at: support@betfit.in