Data Privacy Policy
| Effective Date: | 18 Dec 2024 |
| Last Updated: | 16 feb 2025 |
1. Introduction
Galactic Media Management Ltd. (“we,” “our,” or “us”) is committed to protecting your privacy and ensuring the security of your personal data. This Data Privacy Policy explains how we collect, use, disclose, and protect your information in compliance with the UK General Data Protection Regulation (UK GDPR) and other applicable laws.
2. Data We Collect
We collect and process personal data in the following ways:
2.1 Information You Provide Directly
- Name, email address, and contact details when you sign up for our services or newsletter.
- Payment information when you engage in financial transactions on our platform.
- User-generated content when participating in prediction markets.
2.2 Information We Collect Automatically
- IP address, browser type, and device details through cookies and tracking technologies.
- Usage data, including interactions with our platform.
- Location data (if permitted by your device settings).
2.3 Information from Third Parties
- Data from social media interactions if you engage with us on platforms like LinkedIn or Twitter.
- Analytical insights from third-party tools like Google Analytics.
3. How We Use Your Data
We use your personal data for the following purposes:
- To provide and improve our services.
- To comply with legal and regulatory obligations.
- To process transactions and payments securely.
- To communicate updates, promotional offers, and news (with your consent).
- To detect and prevent fraudulent activity.
4. Legal Basis for Processing
Under UK GDPR, our processing of personal data is based on:
- Performance of a contract – when providing you with services.
- Legal obligations – compliance with financial regulations.
- Legitimate interests – to enhance our platform and user experience.
- Consent – where required for marketing communications and cookies.
5. Data Sharing & Third Parties
We may share your data with:
- Service providers who assist in hosting, analytics, and payment processing.
- Legal authorities if required by law enforcement or regulatory obligations.
- Business partners for co-branded promotions (only with your consent).
We do not sell your personal data to third parties.
6. International Data Transfers
Your data may be transferred outside the UK to countries that have adequate data protection laws. Where necessary, we ensure Standard Contractual Clauses (SCCs) or other appropriate safeguards are in place.
7. Data Retention
We retain personal data only as long as necessary for the purposes outlined in this policy, or as required by law.
8. Your Rights Under UK GDPR
You have the following rights:
- Right to Access – Request a copy of the personal data we hold about you.
- Right to Rectification – Request corrections to inaccurate or incomplete data.
- Right to Erasure (“Right to be Forgotten”) – Request deletion of your data under certain conditions.
- Right to Restrict Processing – Request limited use of your data.
- Right to Data Portability – Receive a copy of your data in a structured format.
- Right to Object – Object to data processing in certain cases.
- Right to Withdraw Consent – Withdraw consent for marketing communications at any time.
To exercise your rights, contact us at hello@galacticmarkets.io.
9. Security Measures
We implement robust security measures to protect personal data, including encryption, access controls, and regular security audits.
10. Updates to This Policy
We may update this policy from time to time. The latest version will always be available on our website, and we will notify you of any significant changes.
11. Contact Information
For any data privacy inquiries, please contact:
If you believe your data rights have been violated, you have the right to lodge a complaint with the UK Information Commissioner’s Office (ICO).