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And what law exactly if you willfully accept it during the registration process. I once a believer too of what you are believing but the recent event on the crypto world that show great example of this.
If you dont mind sharing a little bit OT on gambling. Celsius holders lose already there money on court battle.
The judge, Martin Glenn, found that Celsiuss terms of use the lengthy contracts that many websites publish but few consumers read meant the cryptocurrency assets became Celsiuss property.
If ToS is not legally accepted then how come a crypto company use it to win a court battle?
I don't know much about Celsius, but I don't think that article means what you think it means. Most centralised exchanges would have all the customers' deposit pooled and just hold the records in the ledger. So in a sense, you would cede the ownership of your deposit in exchange of CEX's obligation, meaning you become their creditor.
Funny enough, another failed enterprise - BlockFi, are trying to do something opposite and petition the bankruptcy court to allow customers to withdraw from wallet accounts saying it's THEIR funds, but unlikely the court will agree to that IMO, as it would be very unfair to other users.
That does not mean that anything that's put in the T&Cs is legally binding. Quite obviously.
Common myths about contract terms
Just because terms are written and signed, it doesnt make them legal.
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Splitting the bet into smaller bets to chase a win isn't a bad idea, but isn't the worst way to bet, while more bets then there is a bigger chance to win but we get less profit.
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That's somewhat true for the usual, real life bets, but not for the scenario discussed.