Perp Royale Tournament Rules

1. Free entry & eligibility

Perp Royale After Hours Tournament is totally free to enter for anyone with a WTL account. No deposit or linked wallet is required. Sign in using an existing WTL account, or create one with Google or email. One account and one seat per person per edition; multi-accounting, collusion and manipulation are prohibited.

Registration is subject to the event’s availability and posted capacity. Existing WTL site eligibility and terms still apply.

2. Dates, start & late registration

Events run nightly from 8 p.m. to 11 p.m. US Eastern Time. Late registration remains open until 9:30 p.m. ET. The dates and timestamps on each event’s registration page apply to that edition. Eastern Time adjusts automatically for daylight saving.

Late entrants receive the event’s same starting virtual bankroll, with only the time remaining to trade.

3. Markets, bankroll & order execution

Trade the active Hyperliquid xyz stock, index and commodity perpetual markets listed for the event. Availability changes with the live feed. SP500 is S&P 500 perpetual exposure (ES-style), not an actual CME ES contract; XYZ100 is Nasdaq-100-style exposure, not a CME NQ contract.

All trading uses simulated capital and real market data. No orders are sent to an exchange. This edition uses unleveraged exposure, with no exchange funding payments or liquidation engine. The event’s registration page displays its starting bankroll and permitted trading settings.

BUY opens a long or nets an existing short in the same symbol; SELL closes a long; SHORT opens a short; COVER closes a short. Orders must satisfy available buying power, position and order limits. Fills require valid executable bid/ask quotes; missing or stale quotes can prevent execution. Displayed chart or mark prices do not guarantee a fill.

Opening positions are limited to 25% of account value per symbol per side. Closing orders cannot exceed the position available. Resting orders execute only when their conditions are met; an unfilled order is not a completed trade.

4. Qualification & ranking

At least four filled trades are required to qualify for a prize. Submitting or cancelling an unfilled order does not satisfy this requirement. Rankings use percentage return on the starting virtual bankroll, not deposits or absolute dollar gains.

Live standings and projected prize places are provisional. The stored closing results determine earned awards. Simulated opponents may participate and are identified in public results; they are not real-player signups. Automated accounts do not receive winner emails or submit prize claims.

5. The 11 p.m. ET close

At the scheduled 11 p.m. ET end, trading stops and settlement automatically closes remaining open positions using the event’s executable market quotes. Final returns, qualification and awards are recorded after settlement completes.

If required pricing or processing is unavailable, settlement can remain pending and retry rather than invent a closing price. The deadline remains 11 p.m. ET; final results and emails can appear after that time once closing is complete.

6. Automatically rotating top-five prizes

The top five qualified finishers earn prizes. Each edition’s assignments are fixed automatically from its Eastern tournament date and posted before entry; stored final awards control which prize each winner earns.

First place rotates nightly through: Market Maker Legend JJ vwaptrader1 Pre-Recorded Workshop Trading Master Class (different class awarded each tournament) (Retail value: $5,000.00); AlgoLisa Agentic AutoExecution Trading Bot (Retail value: $5,000.00); AlgoLisa Swing Trading Alerts Membership; Lifetime Trading Syndicate Room Access.

Places 2–5 rotate nightly through: All-Access 24/7 Trading Syndicate Agent (Lifetime access · Valued at $999.00); AI Super Intelligence Trading Coach; WallStreet/Syndicate 6 Steps Modules; JPM Risk Management Workshop Course; Perps Academy Master Class. The rotation advances each place to the next prize on the following night. These are noncash educational/access prizes, not a USDT payout.

Other prizes are available upon request as substitutes for traders who win multiple events.

7. Winner emails, claims & fulfillment

After final settlement, eligible real-player winners receive a prize notification with a claim link. Sign in to the winning WTL account and request the stored award through its claim page. Being in a projected prize place during the tournament does not create an award or trigger an email.

A verified claim notifies the organizer. The organizer will send your prize by email within 24 hours of your request. Course or agent access is manually fulfilled; clicking Claim does not automatically activate it. Keep your account email current and check spam or junk folders.

Prize requests and delivery are recorded in WTL. Repeat-winner substitutions must be requested and arranged with the organizer; they are not automatic. Contact SteveD by DM in the Trading Syndicate room or email mtradingmedia@gmail.com for fulfillment questions.