Privacy Policy

Welcome to Octupus, a prediction market platform developed and operated by Octupus Ltd (“Octupus,” “we,” “our,” or “us”), a company incorporated under the laws of the Federal Republic of Nigeria.

Octupus enables users to participate in prediction markets across a range of categories, including sports, politics, economics, and entertainment.

We are committed to protecting your personal data and respecting your privacy. This Privacy Policy explains how we collect, use, disclose, store, and safeguard your information when you access or use our website, mobile applications, APIs, and related services (collectively, the “Platform”).

This Policy is aligned with the Nigeria Data Protection Act 2023 and other applicable data protection regulations in Nigeria.

By accessing or using Octupus, you acknowledge that you have read, understood, and agreed to this Privacy Policy. If you do not agree, please discontinue use of the Platform.

This Privacy Policy applies to all individuals who interact with Octupus in any capacity, including:

• Registered users of the Platform
• Visitors to our website or mobile applications
• Individuals who communicate with us via email or other official channels

This Policy applies regardless of whether you access Octupus through a web browser, mobile application, API integration, or any other means.

This Policy does not apply to third-party services accessed through links on our Platform. We encourage you to review their respective privacy policies.

We adopt a data minimisation approach, collecting only the information necessary to operate, improve, and secure the Platform.

Personal Information

We collect limited personal information, including:

• Email address
• Basic account details voluntarily provided during registration

At this stage, we do not collect sensitive personal data such as government-issued identification, BVN, or biometric data.

Derivative (Usage) Information

We collect information about how you interact with the Platform, including:

• Markets participated in
• Activity history within the Platform
• Features used and engagement patterns

This data helps us improve functionality, user experience, and platform performance.

Device & Technical Information

We may automatically collect:

• Device type and operating system
• Browser type and version
• IP address and network information

This information supports security, fraud prevention, and system optimisation.

Correspondence & Record Keeping

We may retain records of communications when you contact us, including:

• Emails and support interactions
• Feedback or enquiries submitted

These records are used to provide support and improve our services.

We do not sell your personal data.

We may share your information only where necessary, including:

• With service providers supporting our infrastructure and operations
• Where required by law, regulation, or legal process
• To protect the rights, safety, and integrity of the Platform

All third parties are required to maintain appropriate data protection and confidentiality standards.

Our Platform may contain links to third-party websites or services.

We are not responsible for the privacy practices of such third parties. We encourage you to review their privacy policies before providing any personal information.

We may use analytics tools (e.g., Google Analytics or similar services) to understand how users interact with the Platform.

These tools collect aggregated, anonymised data and are used solely to improve product performance and user experience.

We may communicate with you through:

• Transactional messages (account-related updates, security notifications)
• Service updates (changes to features or policies)
• Optional communications (product updates or announcements)

You may opt out of non-essential communications at any time.

Octupus currently operates within Nigeria.

If, in the future, data is transferred outside Nigeria, such transfers will be conducted in compliance with applicable data protection laws and with appropriate safeguards in place.

Under the Nigeria Data Protection Act 2023, you have the right to:

• Access your personal data
• Request correction of inaccurate data
• Request deletion of your data (subject to legal obligations)
• Object to certain types of processing
• Withdraw consent where applicable

To exercise your rights, please contact us using the details below.

Upon request, we will:

• Delete or anonymise your personal data where legally permissible
• Retain only data required for compliance with applicable laws

We will process such requests within a reasonable timeframe.

We may update this Privacy Policy from time to time.

Where material changes are made, we will notify users via email or through the Platform. Continued use of Octupus constitutes acceptance of the updated Policy.

This Privacy Policy is governed by the laws of the Federal Republic of Nigeria, including:

• The Nigeria Data Protection Act 2023
• Applicable data protection and consumer protection regulations

Any disputes arising from this Policy shall be subject to the jurisdiction of Nigerian courts.

If you have any questions, concerns, or requests relating to this Privacy Policy or the processing of your personal data, please contact our Data Protection Officer (DPO) using the details below. We are committed to responding to all enquiries within 30 days.