This site is operated by Winton Capital Management Limited (“Winton”).  Winton is a company registered in England and Wales with company number 03311531.  Its registered office at 16 Old Bailey, London EC4M 7EG, England and it is authorised and regulated by the UK Financial Conduct Authority.
By using this site and the Winton Climate Prediction Market (the “Prediction Market”), you are agreeing to these terms and conditions of use (the “Terms”).  If you do not agree with any of the Terms then you should not use this site or enter the Prediction Market. Winton may change the Terms at any time without further notice to you, and you are responsible for periodically reviewing the Terms for updates.  Your continued use of this site constitutes agreement by you to all such changes. 
This site is only for users in the UK.  This site is not intended for any person in any jurisdiction where Winton would become subject to licence or registration regulations of that jurisdiction, or the publication or availability of the contents is prohibited.  
You are also responsible for ensuring that all persons who access our site through your internet connection are aware of these Terms and other applicable terms and conditions, and that they comply with them.

Description of this Site

This site hosts the Prediction Market; a play-money prediction market to illustrate the concept of a long-range prediction market for climate.

This site is made available free of charge. We do not guarantee that our site, or any content on it, will always be available or be uninterrupted; as set out in the User Guide, the Prediction Market will not be open for trading between the hours of 8.00am to 10.00am. We may suspend or withdraw or restrict the availability of all or any part of our site for business and operational reasons. We will try to give you reasonable notice of any suspension or withdrawal.  

Eligibility and Entry to the Prediction Market

Participants in the Prediction Market must be teams affiliated with a UK university. Each team must be represented by a team captain, who will be a student or a member of staff at a UK university (each a “Participating Team”). A Participating Team must select a team name. Winton reserves the right to refuse to register a Participating Team’s name if it is offensive or indecent or is too similar to an existing team name.

By participating in the Prediction Market, each Participating Team confirms that it is eligible to do so. Winton reserves the right to refuse to register a Participating Team more than once or entries which fail to supply a valid e-mail address. By participating each individual of a Participating Team agrees to refrain from carrying out any acts that are harassing, defamatory, threatening, obscene, abusive, racist, sexist, offensive, indecent or constitute inappropriate behaviour to another. 

Winton reserves the right to disqualify and/or discount entries immediately if it has reasonable grounds to suspect, in its sole discretion, or refuse entry to the Prediction Market, any of the following that:

  • activity has occurred that is designed to manipulate the outcome of the Prediction Market for example, collusion between Participating Teams; or
  • entries have been made in breach of these Terms; or
  • there has been any activity which Winton considers is designed to influence unfairly the Prediction Market and/or provide unfair advantage to a Participating Team.

If Winton determines that an individual or a Participating Team has attempted to influence unfairly or manipulate the Prediction Market then in addition to disqualification and/or discounting entries we may (in our sole discretion) ban that individual or Participating Team from any future prediction market hosted by Winton and disqualify and/or discount any future entries made in respect of the same. 

Data Protection and Publicity

You consent to any personal data you provide in entering the Prediction Market being used by Winton for the purposes of administering entry into the Prediction Market and the cash prizes. Prize winners agree to participate in any reasonable publicity related to the cash prizes which may include the publication of their name and photograph in any form of media. You also consent to your team name and university affiliation being used in a leader board on the Prediction Market website. All personal data shall be used in accordance with Winton’s Privacy Notice

Intellectual Property

The contents of this site are the intellectual property of Winton and its third party licensors and may not be copied, distributed, uploaded, posted, republished, decompiled, disassembled, reverse-engineered or transmitted in any way without the prior written consent of Winton.  The intellectual property rights in the Winton name and logo are owned by Winton.  Nothing in these terms or on this site should be construed as granting any licence or right to use the Winton name or logo or any other contents of this site.  Winton enforces and will enforce any infringements of its intellectual property rights to the fullest extent permitted by the law.

Use of Winton Name and Logo

The name “Winton” and the Winton “W” logo are registered trademarks of Winton Group Limited. Unless agreed by Winton in writing, you will have no right to use the name or trademarks of Winton under any circumstances, including, without limitation, on any website, in any printed materials, or in any manner that implies a relationship or affiliation with, sponsorship, or endorsement by Winton, or that can be reasonably interpreted to suggest content has been authorised by, or represents the views or opinions of Winton.

If you wish to use the Winton name or logo please contact us.

Account Details

If you choose, or you are provided with, a user identification code, password or any other piece of information as part of our security procedures, you must treat such information as confidential. You must not disclose it to any third party.
We have the right to disable any user identification code or password, whether chosen by you or allocated by us, at any time, if in our reasonable opinion you have failed to comply with any of the provisions of these terms of use.

If you know or suspect that anyone other than you knows your user identification code or password, you must promptly notify us.

No Warranty

None of Winton, its directors or employees makes any representations or warranties regarding this site or its contents (including but not limited to, with respect to accuracy, adequacy, reliability, timeliness, completeness or suitability) and all contents are provided “as is”.  Winton, to the fullest extent permitted by law, expressly disclaims all representations and warranties, express or implied, as to this site and its contents, including any implied warranties of merchantability, fitness for a particular purpose, title, non-infringement and availability.  Winton also disclaims liability for errors and omissions in this site and its contents.

Liability and Indemnity

In no event shall Winton, its directors or employees be liable for any claims, liabilities, losses, injury, disappointment, costs or damages of any kind, including (i) direct, indirect, consequential, punitive, exemplary, incidental or special losses or (ii) loss of profit, loss of business, business interruption, loss of business opportunity or loss of data arising out of or in any way connected with (a) your use of or inability to access and/or use this site, (b) the contents of this site, (c) the contents of any third party sites linked or linking to this site, or (d) as a result of either participating in the Prediction Market or being selected for a prize.  The foregoing applies even if Winton, its directors or employees have been advised of the possibility of such claims, liabilities, losses, costs or damages or could have foreseen them.  Winton, its directors and employees shall not be responsible for any failure by you or any third party to comply with these terms or with applicable law.  If any part of this term is unenforceable under applicable law, the aggregate liability of Winton, its directors and employees will be limited to the maximum extent permitted by such law and shall in no event exceed £100.

Your sole remedy for dissatisfaction with your use of this site is to cease using this site.

You agree, at your own expense, to indemnify, defend and hold Winton, its directors, members and employees harmless from and against any claims, liabilities, losses, costs or damages of any kind (including any legal fees and costs) suffered or incurred by these parties in connection with any claim arising out of any breach of these terms by you.  You shall cooperate as fully as reasonably required or requested in the defence of any such claim.  Winton may, at its own expense, assume the exclusive defence and control of any matter otherwise subject to indemnification by you and you shall not in any event settle any matter without the written consent of Winton.  

Third Party Sites

Winton is not responsible for the contents of any third party sites linked or linking to this site and disclaims all liability arising from your use of or reliance on such sites, their contents and any products and services referred to on such sites.  Your use of any such sites is at your own risk.  Winton’s inclusion of links to third party sites does not imply any endorsement of any kind by Winton of such third parties, their sites or their products or services.

Prohibited Acts

You must not use any data mining, robots or similar data gathering or extraction programs or methods, whether automated or manual, to access, acquire, copy or monitor any portion of this site or any of its contents.
You must not misuse this site by knowingly introducing viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful.  You must not attempt to gain unauthorised access to this site, the server on which it is stored or any server, computer or database connected to this site.  You must not attack this site via a denial-of-service attack or a distributed denial-of service attack.  By breaching this provision, you would commit a criminal offence under the Computer Misuse Act 1990.  Winton will report any such breach to the relevant law enforcement authorities and will co-operate with those authorities by disclosing your identity to them.  In the event of such a breach, your right to use this site will cease immediately.

Rules about Linking to the Site

You may link to our home page, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it. You must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists.

You must not establish a link to the site in any website that is not owned by you. The site must not be framed on any other site, nor may you create a link to any part of our site other than the home page.

We reserve the right to withdraw linking permission without notice.

If you wish to link to or make any use of content on our site other than that set out above, please contact us.


We may collect information about your computer, including where available your IP address, the company name from which you are browsing our website, operating system and browser type. This is purely data about our types of users, browsing actions and patterns, and does not identify any individual unless they provide us with their details. For the same reason, we may obtain information about your general internet usage by using a cookie file which is stored on the hard drive of your computer. Cookies contain information that is transferred to your computer's hard drive. You may refuse to accept cookies by activating the setting on your browser which allows you to refuse the setting of cookies. However, if you select this setting you may be unable to access certain parts of our site. They help us to improve our site and to deliver a better and more personalised service. They enable us:

  • To estimate our audience size and usage pattern.
  • To store information about your preferences, and so allow us to customise our site according to your individual interests.
  • To speed up your searches.
  • To recognise you when you return to our site.

Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies when you log on to our site. Please note that our partners may also use cookies, over which we have no control.


Winton reserves the right to cancel the Winton Climate Prediction Market prizes at any time, without prior notice.
A failure by Winton to enforce a provision of these terms or act on a breach or default by you does not constitute a waiver of any of Winton’s rights or remedies.

These terms constitute the entire agreement between Winton and you with respect of your use of this site and they supersede all prior or contemporaneous communications, agreements and understandings between Winton and you with respect to the subject matter hereof.

These terms are governed by and shall be construed in accordance with the laws of England and Wales.  You agree that the Courts of England shall have exclusive jurisdiction over any disputes arising in relation to use and browsing of this site.

Please contact us with any questions about these terms or the contents of this site.