<b>LEAK: exchanges are quietly rewriting rev-share clawback clauses</b>

<b>LEAK: exchanges are quietly rewriting rev-share clawback clauses</b>

Word is two Tier-1 derivatives exchanges added a 90-day clawback to rev-share deals this quarter — if your referred trader gets liquidated into negative balance and the exchange eats it, they now net it against <i>your</i> earnings.

So-what for affiliates:
— Read the <code>net negative balance</code> line in your terms. If it's not capped, a single whale blowup can zero a month.
— Rev-share on high-leverage perps traffic is no longer pure upside; it's shared downside.
— CPA + small rev-share hybrid is reportedly how the sharper media buyers are de-risking this.

A partnerships lead at one venue called it "aligning incentives." Affiliates call it offloading risk. Both are true.

Watch this.