Terms of
Service

Version 2026.1 · Governed by New Zealand Thoroughbred Racing (NZTR) & Equine Exemption

1. Acceptance of Terms

By accessing and utilizing the Evolution Stables platform, you agree to be bound by these Terms of Service, all applicable laws and regulations in New Zealand, and the rules and regulations established by New Zealand Thoroughbred Racing (NZTR).

2. Digital Syndication & Leasehold Structure

Evolution Stables provides fractional Digitally Syndicated Leases (DSLs). Participation does not represent equity shares in an operating company, cryptocurrency, or speculative financial derivative. Each DSL represents a fixed-term, fractional right to the racing career, prize money distributions, and member experience of an identified New Zealand thoroughbred under NZTR COP 22.1.

3. Commercial Float & 75/25 Distributions

Syndicate billing operates under the 5×M float model (3 months security reserve + 2 months advance payment). Monthly maintenance charges (M) commence on Month 2. Prize money is distributed on a 75% net investor / 25% lessor split based strictly on official gross stakes published by Loveracing NZ. Unused float funds are refunded pro-rata upon lease maturity or formal termination.

4. Thoroughbred Welfare & Trainer Primacy

Under Clause 6 of the Syndicate Agreement, the licensed trainer holds absolute primacy and final decision-making authority regarding horse conditioning, spelling, veterinary treatment, race placement, and retirement. Syndicate members have zero authority to mandate racing decisions that conflict with equine welfare standards.

5. Regulatory Compliance & AML/KYC

All participants must complete statutory customer verification via Stripe Identity in accordance with the Financial Markets Conduct (Equine Syndicating Schemes) Exemption Notice and New Zealand AML/CFT legislation.