Open Til You Hit Format

In a “Open Til You Hit” format, a Live Buyer pays a flat fee and the Live Seller opens packs sequentially until a qualifying card (a “Hit”) is revealed or the Safety Cap is reached. Before offering an Open Til You Hit Break, the Live Seller must clearly disclose: (i) the definition of a qualifying Hit (e.g., autograph, relic, or serial-numbered card at or below a specified threshold); (ii) the flat fee to be paid by the Live Buyer; (iii)  the minimum number of packs the Live Seller will open for the Live Buyer (the “Minimum Packs”), which the Live Seller must open in full even if a Hit is revealed before the Minimum Packs have all been opened;(iv) the maximum number of packs the Live Seller will open (the “Safety Cap”); and (v) what the Live Buyer will receive if no qualifying Hit appears within the Safety Cap (e.g., the best card pulled or a full refund). All packs opened in a Open Til You Hit Break must be Original Sets. For clarity, this policy does not set a minimum number of Minimum Packs, and the Live Seller may set the Minimum Packs at any number, including one (1), provided it is clearly disclosed. The Live Seller may not alter the Hit definition mid-session. All other provisions of this policy apply to Open Til You Hit Breaks.

Repacks

A “Repack” is a Card Set that has been opened, curated, and resealed by a person or entity engaged in the business of sourcing, curating, and reselling sealed trading-card products assembled from previously opened Original Sets or other cards (a “Repack Manufacturer”), and that is offered for sale as a sealed, unopened product whose specific contents are not known to the Live Seller or any Live Buyer until it is opened live. A Repack is distinct from an Original Set and, except as expressly permitted below, is otherwise subject to all requirements of this policy that apply to Breaks generally, including the visibility, disclosure, and prohibited-conduct requirements set out above.

Repack Manufacturer Eligibility

A Live Seller may only offer a Repack for sale if the Repack was produced by an Eligible Repack Manufacturer. An Eligible Repack Manufacturer is a Repack Manufacturer that the Live Seller reasonably believes, and can demonstrate with credible documentation upon request, satisfies each of the following criteria at the time the Repack is offered for sale and at all times the Repack remains available for sale until the Break in which it is offered is completed (the “Eligibility Criteria”):

• the Repack Manufacturer is a registered, operating business entity with a minimum of six (6) months of verifiable operating history producing sealed surprise or repackaged trading card products (individuals do not qualify);
• the Repack Manufacturer is independent of the Live Seller offering the Repack for sale such that the Live Seller does not control the contents of the Repack it sells, and has no prior knowledge of the Repack’s specific contents before it is offered for sale;
• the Repack Manufacturer publishes, and keeps current at a stable, publicly accessible URL, a complete checklist for the applicable Repack Series (a “Series” means a named product line or release of Repacks sharing a common checklist) identifying, at a minimum, the manufacturer and series name, item condition, quantity of items, and the card year, player or character name, variation, and grade (as applicable) for each possible item, without stating or implying any floor, ceiling, average, or other value other than manufacturer suggested retail price;
• the Repack Manufacturer represents that all cards included in the Repack are authentic and, where graded, have been authenticated by a recognized independent grading service;
• the Repack Manufacturer maintains written sourcing and sealing procedures and chain-of-custody documentation for each production run sufficient to verify that the contents of a sealed Repack match its published checklist; and
• the Repack Manufacturer is not, to the Live Seller’s knowledge, the subject of any active governmental or regulatory action, or any final adjudication within the preceding twenty-four (24) months, relating to gambling, lottery, deceptive advertising, consumer protection, or fraud;
• any manufacturer suggested retail price or other permitted value reference for the Repack is based on named, verifiable third-party pricing data rather than the Repack Manufacturer’s own internal estimates;
• the Repack Manufacturer has stated at which point the applicable Series will be completed and its contents and quantities will not change;
• the Repack Manufacturer’s and Series’ names are prominently displayed on the physical product; and

StockX does not maintain, publish, or endorse any list of approved or authorized Repack Manufacturers, does not review or approve any Repack Manufacturer or Repack in advance, and does not verify or audit compliance with the Eligibility Criteria before a Repack is listed. The Live Seller is solely responsible for verifying, before listing any Repack, that the applicable Repack Manufacturer satisfies the Eligibility Criteria, and for maintaining records sufficient to demonstrate that compliance to StockX upon request.

Repack Disclosures

In addition to the disclosures required for Breaks generally, before offering a Repack for sale a Live Seller must clearly disclose, verbally on the livestream:

• that the Card Set is a Repack and not an Original Set, and the identity of the Repack Manufacturer;
• that neither StockX nor the Live Seller curated, selected, or influenced the contents of the Repack, that the Live Seller has no knowledge of the contents of the Repack other than the Repack Disclosures, and that StockX does not vet, approve, audit, or endorse any Repack Manufacturer or Repack.

A Live Seller may not state or imply that a Repack Manufacturer is approved, certified, endorsed, or vetted by StockX. A Live Seller may not advertise or reference any floor, ceiling, minimum, maximum, or average value for a Repack or its contents; a Repack may reference  named, verifiable third-party pricing data rather than the Repack Manufacturer’s own internal estimates.

No StockX Review of Repack Manufacturers

Nothing in this policy obligates StockX to evaluate, vet, audit, monitor, or take any action with respect to any Repack Manufacturer or the accuracy of any Repack Manufacturer’s checklist or representations. StockX’s decision to permit Repacks that meet the Eligibility Criteria does not constitute review, approval, or endorsement of any specific Repack Manufacturer or Repack. A Live Seller who lists a Repack sourced from a Repack Manufacturer that does not in fact satisfy the Eligibility Criteria, or that misrepresents a Repack’s contents, is in violation of this policy regardless of StockX’s lack of advance review, and remains solely responsible, as between StockX and the Live Seller, for the accuracy of the Repack and any resulting Live Buyer harm.

Additional Prohibitions

• Live Sellers may not state, or otherwise imply, that the Card Set is a form of investment or will produce any guaranteed return.
• Randomizers of any kind. No physical or digital randomization mechanism of any kind, including without limitation any random number generator, wheel, dice, raffle drum, vending or gumball-style machine, or similar device may be used to decide which Card Set or Slot a Live Buyer gets. For the avoidance of doubt, this prohibition includes random team assignment, random player assignment, and any other method of randomly assigning Slots to Live Buyers, whether conducted through a platform tool, third-party application, or manual process.
• Prizes or bonuses awarded by chance. Breaks cannot include any prize, bonus or other item awarded by chance or any bounty, or “prize pick” awarded to a Live Buyer at random. If any bonus item (e.g., anything other than the Card Set purchased in a Break) is offered to a Live Buyer within a show, each Live Buyer in the show must be offered the identical bonus item at no additional charge.
• No games or other activities involving chance-based or value-based outcomes may be conducted on the Live Shopping Platform, including ones where one person can win, trade, exchange or otherwise transfer possession or ownership of cards from another person based on the outcome of a Break or any game mechanic layered on top of a Break (e.g., “King of the Hill,” survivor, or draft-style games). StockX may, in the future, permit additional formats subject to separate published guidelines or updates to this policy.
• Non-card items. Jerseys, memorabilia, sealed toys, and other non-card items cannot be included as part of or in conjunction with a Card Set.
• Break Sessions cannot span shows or platforms. All products must be sold in a single Break Session.   Positions in a Break on the Live Shopping Platform may not be sold off the Live Shopping Platform, including as pre-sales, through loyalty programs, or in advance of the livestream.
• Live Sellers Breaking their own boxes. A Live Seller, and their household members, family, or employees, or individuals related to the Live Seller through other relationships or shared account use, may not buy a spot or otherwise participate in a Break that the Live Seller is running.
• Purchases with contingent side deals. Offering to buy back, trade for, or pay a bonus for a card contingent on when, where, or whether it is pulled during a show.