Terms

Noble Markets — Terms of Service

Operator: Noble Data Technologies, Inc. ("Noble", "we", "us", "our"), a Delaware corporation. Last updated: October 15, 2026 · Effective: October 15, 2026

By accessing or using the Noble Markets platform or any Noble product that links to these Terms (together, the "Service"), you agree to them. If you do not agree, do not use the Service.

1. What the Service is

Noble Markets is a platform operated by Noble Data Technologies, Inc. These Terms govern your use of noble.markets and the Noble products that link to them, currently including Noble Xenon, a free FX forecasting service.

2. Noble Xenon: what it is, and what it is not

Noble Xenon is an informational forecasting service. Users submit forecasts of where currency exchange rates will settle on future dates. Forecasts are scored on accuracy after each market resolves, and users build a public track record and standing based on that accuracy.

No stakes. No wagering. No payouts. The Service does not accept, hold, transfer, or pay out money or anything of monetary value in connection with forecasts. Nothing on the Service is a bet, wager, security, derivative, swap, prediction-market contract, or an offer to buy or sell anything. The only thing at stake is your standing on the Service.

3. Not financial advice

Everything the Service displays (individual forecasts, the aggregated consensus, confidence figures, bands, leaderboards, and any rate or projection) is provided for informational and educational purposes only. It is not financial, investment, tax, hedging, accounting, or trading advice, and it is not an offer, solicitation, or recommendation to enter into any transaction.

The consensus is a credibility-weighted view of forecasts submitted by users. It is not a forecast, prediction, or recommendation by Noble. Noble calculates the consensus using a standardized methodology based solely on forecasts submitted by users. Forecasters can be collectively wrong. Rate data is sourced from third parties and may be delayed, inaccurate, or incomplete.

You are solely responsible for any decision you make. You should not rely on anything shown on the Service in making financial, hedging, or business decisions, and you should consult your own qualified advisors.

4. Eligibility and accounts

You must be at least 18 years old, or the age of majority in your jurisdiction if higher.

Authentication is handled through the shared Noble account system. One account per person. You may not create or control multiple accounts, or create accounts by automated means.

You agree to provide accurate information, keep your credentials secure, and take responsibility for activity under your account.

5. Your alias

On first sign-in we assign you a randomised public alias. It is permanent and cannot be changed or re-rolled. This is deliberate: a forecasting track record is only meaningful if it stays attached to one identity, and a re-rollable alias would let a poor record be discarded.

Your alias is the only identifier shown publicly. Your name and email are never displayed and never associated with your alias publicly.

6. Integrity of the Service

The value of the Service depends on the integrity of its forecasts and rankings. You agree not to:

  • submit forecasts, or operate accounts, in a manner designed to manipulate, distort, or game the consensus, scoring, credibility weighting, or leaderboard;
  • use bots, scripts, or automated means to submit forecasts or access the Service, except as we expressly permit;
  • scrape, harvest, or bulk-extract data from the Service except as we expressly permit;
  • interfere with, disrupt, or gain unauthorised access to the Service or its systems;
  • use the Service for any unlawful purpose or to infringe others' rights;
  • impersonate any person or misrepresent your affiliation.

We may investigate suspected violations and, at our discretion, remove forecasts, restrict features, suspend or terminate accounts, and take any other action we consider appropriate.

7. Your forecasts

When you submit a forecast or other content, you grant Noble a worldwide, non-exclusive, royalty-free, perpetual, irrevocable licence to store, use, reproduce, aggregate, display, and distribute it in connection with operating and promoting the Service, including displaying it publicly under your alias and incorporating it into the consensus, historical records, leaderboards, and derived analytics.

You understand and agree that forecasts you submit become part of the permanent historical record and will be retained, and continue to be reflected in aggregate and historical data, even after you delete your account. Once your account is deleted, the record is no longer linked to your identity. This is explained further in our Privacy Policy.

8. Methodology

Markets on Noble Xenon resolve against the Noble FX Fix, a reference rate computed by Noble from third-party spot data according to a published methodology. The methodology is disclosed on the Service.

The Noble FX Fix is a reference figure produced by Noble. It is not an official, regulated, or licensed benchmark rate, and it is not the WM/R London 4pm rate or any other licensed benchmark, although the methodology is designed to align with market conventions.

We may change the Fix methodology, the scoring methodology, the consensus methodology, or any other aspect of how the Service computes figures, at any time. Changes are disclosed through published methodology versions. We do not warrant that any figure is accurate, complete, or reliable, and we are not liable for the consequences of a resolution, a voided market, or a degraded or missing Fix.

8A. Use of Noble data

What "Noble Data" means. All figures the Service publishes or derives, including Noble FX Fix values and their underlying prints, consensus values, bands, confidence figures, dispersion data, leaderboards and rankings, historical records, and any compilation of them.

Ownership. Noble Data is owned by Noble or its licensors and is protected by intellectual property and database rights. Your use of the Service does not transfer any ownership of it to you. Your own forecasts remain yours to share as you wish, subject to the licence you grant us in §7.

What you may do. You may view and use Noble Data for your own personal or internal business purposes. You may also quote individual figures (for example, a single fix or a single consensus value) in commentary, research, media or social posts, provided you attribute them as "Source: Noble Xenon (noble.markets)" and do not present them as your own.

What you may not do without a separate written licence from Noble:

  • copy, republish, redistribute, sell, sublicense or otherwise make available Noble Data, in whole or in substantial part, or as a systematic or repeated extraction, whether free or for a fee;
  • incorporate Noble Data into any product, service, data feed, database, terminal, index or platform offered to others;
  • use any Noble Data, including the Noble FX Fix, as a reference rate, benchmark or settlement price in any financial instrument, financial contract or investment fund, or to determine any amount payable under one, or to measure the performance of one;
  • use Noble Data to create derived or competing benchmarks, fixes or consensus products;
  • use Noble Data to train, fine-tune or evaluate machine-learning models offered to others;
  • remove or obscure any attribution, methodology version or notice attached to Noble Data.

The restrictions on automated access and bulk extraction in §6 also apply. To request a licence, contact contact@noble.markets. Licences are governed by separate agreements under §13.

Third-party data. Some Noble Data is derived from third-party market data. Our providers' rights in that data are reserved, and nothing in these Terms grants you any right to the underlying third-party data.

9. Intellectual property

The Service, including its software, design, text, the "Noble", "Noble Markets", "Noble Xenon", "Noble Argon", “Noble Helium”, “Noble Consensus Forecast” and "Noble FX Fix" names and marks, and the underlying methodologies, is owned by Noble or its licensors. These Terms grant you no right to use them except as necessary to use the Service as intended. All rights not expressly granted are reserved.

10. Third-party data and services

The Service relies on third parties for exchange-rate data, authentication, hosting, and email. We do not warrant the accuracy, timeliness, or availability of third-party data and are not responsible for third-party services.

11. Availability and changes

The Service is provided on an "as available" basis. We do not guarantee it will be uninterrupted, error-free, or available at any particular time. We may modify, suspend, or discontinue the Service or any part of it at any time without liability to you.

12. Privacy

Your use of the Service is also governed by our Privacy Policy at noble.markets/privacy.

13. Paid and enterprise products

Noble may offer paid, subscription, licensed, or enterprise products. Those are governed by separate written agreements, and to the extent such an agreement conflicts with these Terms, that agreement controls for that product. Nothing in these Terms constitutes an offer of any paid product.

14. Disclaimers of warranty

THE SERVICE AND ALL CONTENT AND DATA ARE PROVIDED "AS IS" AND "AS AVAILABLE", WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING WITHOUT LIMITATION IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, AND NON-INFRINGEMENT. NOBLE DOES NOT WARRANT THAT ANY FORECAST, CONSENSUS, RATE, FIX, OR OTHER FIGURE IS ACCURATE, COMPLETE, OR RELIABLE.

15. Limitation of liability

TO THE FULLEST EXTENT PERMITTED BY LAW, NOBLE AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS WILL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS, DATA, GOODWILL, OR BUSINESS, ARISING OUT OF OR RELATING TO YOUR USE OF (OR INABILITY TO USE) THE SERVICE OR ANY RELIANCE ON ITS CONTENT, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TO THE FULLEST EXTENT PERMITTED BY LAW, NOBLE'S TOTAL AGGREGATE LIABILITY ARISING OUT OF OR RELATING TO THE SERVICE OR THESE TERMS WILL NOT EXCEED USD 100.00. Because the Service is provided free of charge and involves no financial stakes, you acknowledge this limitation is reasonable.

16. Indemnification

You agree to indemnify and hold harmless Noble and its officers, directors, employees, and agents from any claims, liabilities, damages, losses, and expenses (including reasonable legal fees) arising out of your use of the Service, your content, or your violation of these Terms or applicable law.

17. Termination

You may stop using the Service at any time and may delete your account. Contact contact@noble.markets for your account to be deleted. We may suspend or terminate your access at any time, with or without notice, including for violations of these Terms. Sections that by their nature should survive termination, including 3, 7, 8, 8a, 9, 14, 15, 16, and 18, will survive.

18. Governing law and disputes

These Terms are governed by the laws of the State of Delaware, without regard to its conflict-of-laws rules.

19. Changes to these Terms

We may update these Terms. If we make material changes we will take reasonable steps to notify you, for example by posting the updated Terms with a new "Last updated" date or by notice through the Service. Continued use after changes take effect constitutes acceptance.

20. Miscellaneous

Entire agreement. These Terms, together with the Privacy Policy and any separate agreement under §13, are the entire agreement between you and Noble regarding the Service.

Severability. If any provision is held unenforceable, the rest remains in effect.

No waiver. Our failure to enforce a provision is not a waiver.

Assignment. You may not assign these Terms; we may assign them in connection with a merger, acquisition, or sale of assets.

21. Contact

contact@noble.markets — Noble Data Technologies, Inc.