Operation ("ASM" or "ASM platform") is an experimental marketplace operated by the New Sports Economy Institute (NSEI) under a royalty-free intellectual property licensing agreement with Crystal World Holdings, Inc., a Wyoming Corporation. NSEI is a 501(c) (3) non-profit, tax exempt organization, whose main mission and core organizing principle is to expose the concepts of anchoring sports at the center of society.

Neither NSEI, nor Crystal World Holdings, Inc. is registered as a broker/dealer with the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) or any other federal or state securities regulator. At the present time, NSEI HAS NOT filed a registration statement (or a prospectus) with the SEC for any securities offered on the ASM platform. Investment products listed on the ASM platform are non-registered securities; meaning, they have not been registered with any state or federal securities registration authority.

NSEI does not have an agreement with, or an authorization from the professional sports leagues to offer these trading instruments at this time. NSEI intends to establish a dialogue with the professional sports leagues toward defining a working relationship in connection with our proposed sports investing concept. Trademarks and logos of professional sports leagues are used under the fair use doctrine.

All investment products listed or mentioned on the ASM platform are issued by NSEI as an intermediate, transitionary phase on the path to full regulation of this market. It is our intent during this phase to:

      i) collaborate with the SEC and other regulatory agencies, as needed, through a continuous and transparent dialogue to discover and guide how the proposed sports stocks and the concept of sports investing should ultimately be regulated; and

      ii) to demonstrate the benefits of sports investing to the world, not only as a needed addition to capital markets, but also how it can become an enabler of global economic development and educational reform.

Ownership of sports stock enables traders to own an asset that can potentially generate dividends and offers potential price appreciation through the ASM platform. ASM sports stocks have no value outside the ASM platform and can only be traded on the ASM platform.

ASM sports stocks are not FDIC insured, are not bank guaranteed and may lose value. NSEI does not solicit, recommend or offer advice on the investment merits of investing in any sports stocks offered on the ASM platform. All quotes and orders displayed on are from unsolicited orders.

Sports stocks offered on the ASM platform are speculative and involve a degree of risk. Investing in an ASM sports stocks should only be considered by persons who can afford the loss of their entire investment.

This is not an offer to buy or sell securities. No guarantee is made or implied.

By using this site and/or App, users agree to this Legal Notice and our Terms of Service. Users must be 13 years or older to create a free learning account on the ASM platform. Users must be 18 years or older to donate or transfer funds on the Real Money ASM platform.

Fees & Funds
Creating a trading account is completely free. Various tools, programs, services, and offerings are completely optional and may require a donation of US Dollars. Regardless of description, any "transfer of funds", "Deposit", or "Investment" on the ASM platform is actually a donation made to the New Sports Economy Institute, a 501(c)(3) non-profit organization operating from California and approved by the Internal Revenue Service. All donations are non-refundable, non-transferrable, and no warranties, guarantees, or returns are offered or implied.

Cleared outpayments to verified and compliant accounts via PayPal are coded as service remittances and will be reported to relevant regulatory and tax authorities. Outpayment requests are not mandatory and can be approved, denied, or delayed at the complete discretion of NSEI, for any reason, as appropriate to the function of this experimental market. Payments may also be subject to limits based on market conditions.

Any "Bonus Funds" credited to user accounts are non-transferrable and cannot be withdrawn or negotiated for cash.

Traders are responsible for possible tax consequences in the US or in their local jurisdiction. As such, you should consult your own tax advisor regarding possible tax consequences of owning and disposing of sports stock in your particular circumstances.

All disputes arising out of this agreement shall be submitted to final and binding arbitration. The dispute shall be submitted to arbitration in accordance with the laws of the State of California. The arbitrator's award shall be final, and judgment may be entered upon it by any court having jurisdiction thereof.

Choice of Law and Forum
It is at the mutual agreement of both you and NSEI with regard to the TOS that the relationship between the parties shall be governed by the laws of the state of California without regard to its conflict of law provisions and that any and all claims, causes of action and/or disputes, arising out of or relating to the TOS, or the relationship between you and NSEI shall be filed within the courts having jurisdiction within the County of Los Angeles, California or the U.S. District Court located in said state. You and NSEI agree to submit to the jurisdiction of the courts as previously mentioned, and agree to waive any and all objections to the exercise of jurisdiction over the parties by such courts and to venue in such courts.

System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors.