Terms
Paper only, in public
Research and education, not financial advice
Morrowfly is a research and education product. Nothing on this site is financial advice, a recommendation, or an offer to buy or sell anything. Markets carry risk; decisions are yours, and if you need advice, talk to a licensed adviser.
Paper positions only
Every position, call, and pick on this site is paper: an educational record, not a trade. Morrowfly does not take custody of money, place orders, or connect to brokerage accounts. Where the site links to an external market, that market’s own terms govern anything you do there.
How grades work
Calls are written down before the outcome is known and graded against published data from the sources named on each question, as described on the Receipts page. Grades are computed as described there; historical assessments are labeled as reconstructed wherever they appear. If we get a grade wrong, we correct the record in public and keep the correction visible.
Data and availability
The site republishes and computes from third-party data (including the EIA, Kalshi, Polymarket, the IMF, and the UN Comtrade database via the OEC). We work to keep it accurate and current, but we do not promise it is error-free, and the site is provided as is, without warranties.
Contact
Questions about these terms: harsha@morrowfly.com.
Last updated October 21, 2026.