Every term
we use. Defined.
Institutional language can be a barrier. This page removes it. Every term used on the site, grouped by topic, written in plain English.
Every term we use on this site, in one place. Click any term on a page to see its definition in context — or browse the full list here.
Platform
Fiscal Year
BettorToken operates on an April-to-April fiscal cycle. FY1 = April 2025 to April 2026.
Rejection Rate
The percentage of candidate sports markets that BettorToken's analytical platform declines on structural grounds — currently approximately 99.7%.
FYN
Fixed Yield
A predetermined return rate that does not change based on platform performance — paid as a contractual obligation.
Senior Unsecured
A debt instrument that ranks ahead of subordinated debt in repayment priority but is not backed by specific collateral.
SPLT
Annual Differential
BettorToken-specific term: the gain or loss in SPLT NAV measured from $1.00 base at the start of a fiscal year to NAV at the next April reset.
NAV (Net Asset Value)
The per-unit value of a token or fund, calculated as total assets minus liabilities divided by units outstanding.
NAV Reset
On the first business day of April each year, SPLT NAV resets to $1.00 base. The Annual Differential is distributed to investors in cash or additional SPLT.
Utility Credential
A digital instrument that provides functional access to a platform or service, classified as non-security when properly structured.
Legal
Howey Test
The U.S. Supreme Court test for determining whether an instrument is a security. SPLT is structured to fall outside the Howey definition.
Offering Memorandum
The detailed legal document describing the terms, risks, and structure of a private placement.
Reg D 506(c)
A U.S. securities exemption that allows a company to advertise a private offering publicly, but only accept investment from verified accredited investors.
Eligibility
Accredited Investor
An individual or entity meeting SEC income or net worth thresholds — generally $200K+ annual income, $1M+ net worth excluding home, or institutional status.
Allocator
An institution or sophisticated investor that allocates capital across multiple managers, strategies, or instruments.
Family Office
A private wealth advisory firm serving one (single-family) or multiple (multi-family) high-net-worth families.
Qualified Counterparty
A verified accredited investor or institutional allocator who has executed an NDA with BettorToken and completed initial qualification.
Qualified Purchaser
A higher SEC standard than accredited investor — typically requires $5M+ in investments. Used for certain pooled investment vehicles.
RIA
Registered Investment Advisor — a fiduciary regulated by the SEC or state securities authorities to provide investment advice to clients.
Process
KYC / AML
Know-Your-Customer and Anti-Money-Laundering protocols. BettorToken uses Plaid for identity verification and OFAC screening.
NDA
Non-Disclosure Agreement. Required before BettorToken shares the offering memorandum, legal opinion, or detailed diligence materials.
Placement Agent
A FINRA-registered broker-dealer that introduces qualified investors to private offerings.
Technology
Permissioned Ledger
A private blockchain where only authorized parties can validate or read transactions — used for institutional recordkeeping, not retail trading.
XDC Network
An enterprise-grade blockchain optimized for institutional financial applications. BettorToken uses a permissioned XDC deployment.