Parachute

Terms of Service

Last updated: April 5, 2026

These Terms of Service ("Terms") govern your use of the Parachute Bot Trader platform ("Service") operated by Private Parachute, Inc. ("Parachute," "we," "us," or "our"). By accessing or using the Service, you agree to be bound by these Terms.

1. Service Description

Parachute provides automated trading software that executes trades on your Kalshi account using your API credentials. The Service is non-custodial— we never hold, control, or have withdrawal access to your funds. Your Kalshi account, API keys, and funds remain entirely under your ownership and control at all times.

The Service includes software execution, a monitoring dashboard, trading parameter configuration tools, and customer support. Cloud tier subscribers also receive managed VPS hosting for the trading bot.

2. Eligibility

To use the Service, you must be at least 18 years old, maintain a valid Kalshi account in good standing, and comply with Kalshi's Member Agreement and all applicable laws and regulations.

3. Your Responsibilities

You are solely responsible for:

  • All trading decisions, including setting position sizes, risk limits, edge thresholds, and all other trading parameters
  • Monitoring your account and using the kill switch or revoking API access when appropriate
  • Safeguarding your Kalshi API credentials and Parachute account credentials
  • Understanding the risks of automated trading before enabling the bot
  • Complying with Kalshi's Member Agreement and all applicable regulations
  • Any tax obligations arising from your trading activity

4. What We Do Not Provide

Parachute does not provide investment advice, trading recommendations, or guaranteed returns. We do not manage your funds or make investment decisions on your behalf. The bot executes strategies that you configure. Past performance of the software does not guarantee future results.

5. Billing and Subscription

Subscriptions are billed monthly through Stripe. Setup fees, where applicable, are charged as a one-time invoice. You may cancel your subscription at any time. Cancellation stops your bot but does not affect your Kalshi account or any open positions. No refunds are provided for partial months.

6. Credential Security

Your Kalshi API credentials are encrypted at rest using AES-256-GCM encryption. They are decrypted only in memory during bot execution and are never logged or stored in plaintext. We never have access to your Kalshi account password or your funds.

7. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, PARACHUTE AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY TRADING LOSSES, LOST PROFITS, OR INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE SERVICE.

Parachute is not responsible for losses caused by Kalshi platform outages, API changes, market conditions, software bugs, network failures, or any other circumstances beyond our reasonable control. The Service is provided "as is" and "as available" without warranties of any kind, whether express or implied.

8. Termination

Either party may terminate this agreement at any time. We may suspend or terminate your access to the Service for non-payment, violation of these Terms, or misuse of the platform. Upon termination, your bot will be stopped and your data will be retained in accordance with our Privacy Policy.

9. Changes to Terms

We may update these Terms from time to time. We will notify you of material changes via email or through the Service. Your continued use of the Service after changes take effect constitutes acceptance of the updated Terms.

10. Governing Law

These Terms are governed by the laws of the State of Delaware, without regard to conflict of law principles.

11. Contact

Questions about these Terms? Contact us at derek@parachute.fund.