Legal & Compliance
By Mujahid
Is Signal regulated?
Yes. Signal is licensed and regulated by the Nigerian Federal Gambling Regulatory Authority and the Lagos State Lotteries and Gaming Authority (LSLGA) to operate its prediction market.
Signal is owned and run by Busha Digital Limited, a Nigerian company licensed by the Securities and Exchange Commission. Our Terms of Use set out the agreement between you and Busha for using Signal.
Who holds my money?
Busha Digital Limited, which runs Signal, holds the money in your Signal balance. Every trade is paid for in full from your balance, with no borrowing or margin. To keep your account safe, turn on two-factor authentication in Settings.
Where is Signal based?
In Nigeria. Busha Digital Limited is a Nigerian company, and our Terms of Use are governed by Nigerian law.
What can't I do on Signal?
Our Terms of Use and Market Integrity Policy list what isn't allowed. Among other things:
- Trading on information that isn't public, or on an event you can influence, such as a match you play in or officiate.
- Trading with yourself, or with others, to fake volume or move a price.
- Opening more than one account, or using bots without our written permission.
- Using a VPN or proxy to get around where Signal is available.
Breaking these rules can mean losing your positions and your account.
How do I raise a complaint or dispute?
Email our compliance team at compliance@busha.co with the details. The Terms of Use give the process, including what happens if it isn't settled within 60 business days.
How does Signal handle my personal data?
We collect and use personal data to run your account, keep it secure and meet our legal duties, and we share it only where the law or running the service requires. Our Privacy Policy has the details.
Does Signal report my winnings for tax?
We don't give tax advice. You may need to declare profits from trading, depending on where you live and your circumstances, so ask a tax adviser if you're unsure.
How do I get a copy of my data?
Contact support and ask for it. We may ask you to confirm your identity first.
How do I delete my data?
You can close your account in Settings, under Account, once it holds no money, shares or orders. To ask for your personal data to be deleted, contact support. We keep the records the law requires us to, even after an account is closed.