diff --git a/frontend/src/app.tsx b/frontend/src/app.tsx
index 503dd67..1345bfe 100644
--- a/frontend/src/app.tsx
+++ b/frontend/src/app.tsx
@@ -4,6 +4,7 @@ import { Outlet, ScrollRestoration } from "react-router-dom"
 import { Navbar } from "@common/Navbar"
 import { Footer } from "@common/Footer"
 import { Geoblock } from "@common/Geoblock"
+import { TermsDisclaimer } from "@common/TermsDisclaimer"
 
 const App = () => {
   return (
@@ -13,6 +14,8 @@ const App = () => {
         <Outlet />
       </Geoblock>
       <Footer />
+
+      <TermsDisclaimer />
       <ScrollRestoration />
     </Stack>
   )
diff --git a/frontend/src/components/common/TermsDisclaimer/index.tsx b/frontend/src/components/common/TermsDisclaimer/index.tsx
new file mode 100644
index 0000000..cd0f509
--- /dev/null
+++ b/frontend/src/components/common/TermsDisclaimer/index.tsx
@@ -0,0 +1,138 @@
+import { useState } from "react"
+import {
+  Button,
+  Checkbox,
+  DialogActions,
+  DialogContent,
+  DialogTitle,
+  FormControl,
+  Link,
+  Modal,
+  ModalDialog,
+} from "@mui/joy"
+import { Link as RouterLink } from "react-router-dom"
+import { Controller, useForm } from "react-hook-form"
+
+import { stylesOnlyAt } from "@utils/styles"
+
+const DISCLAIMER_URL = "https://static.levana.finance/legal/disclaimer.pdf"
+const TERMS_ACCEPTED_KEY = "terms_accepted"
+const TERMS_ACCEPTED_VALUE = "true"
+
+interface DisclaimerFormValues {
+  readTerms: boolean
+  agreeTerms: boolean
+}
+
+const TermsDisclaimer = () => {
+  const [accepted, setAccepted] = useState(
+    localStorage.getItem(TERMS_ACCEPTED_KEY) === TERMS_ACCEPTED_VALUE,
+  )
+
+  const form = useForm<DisclaimerFormValues>({
+    defaultValues: {
+      readTerms: false,
+      agreeTerms: false,
+    },
+  })
+
+  const onSubmit = (formValues: DisclaimerFormValues) => {
+    const readTerms = formValues.readTerms
+    const agreeTerms = formValues.agreeTerms
+
+    if (readTerms && agreeTerms) {
+      localStorage.setItem(TERMS_ACCEPTED_KEY, TERMS_ACCEPTED_VALUE)
+      setAccepted(true)
+    } else {
+      return Promise.reject()
+    }
+  }
+
+  const canSubmit = form.formState.isValid
+
+  return (
+    <Modal open={!accepted}>
+      <ModalDialog component="form" onSubmit={form.handleSubmit(onSubmit)}>
+        <DialogTitle sx={stylesOnlyAt("xs", { mb: 4 })}>
+          Terms of Service
+        </DialogTitle>
+
+        <DialogContent>
+          <Controller
+            name="readTerms"
+            control={form.control}
+            rules={{
+              required: "This field is required",
+            }}
+            render={({ field, fieldState }) => (
+              <FormControl error={!!fieldState.error} sx={{ mb: 1 }}>
+                <Checkbox
+                  value={`${field.value}`}
+                  onChange={(e) => {
+                    field.onChange(e.currentTarget.checked)
+                  }}
+                  label={
+                    <>
+                      I have read the complete disclaimer in the terms of
+                      service.
+                    </>
+                  }
+                  variant="solid"
+                />
+                <Link
+                  component={RouterLink}
+                  to={DISCLAIMER_URL}
+                  title="Disclaimer document"
+                  aria-label="Open disclaimer document"
+                  target="_blank"
+                  rel="noreferrer"
+                  sx={{ ml: 3.75 }}
+                >
+                  Read disclaimer
+                </Link>
+              </FormControl>
+            )}
+          />
+          <Controller
+            name="agreeTerms"
+            control={form.control}
+            rules={{
+              required: "This field is required",
+            }}
+            render={({ field, fieldState }) => (
+              <FormControl error={!!fieldState.error}>
+                <Checkbox
+                  value={`${field.value}`}
+                  onChange={(e) => {
+                    field.onChange(e.currentTarget.checked)
+                  }}
+                  label={
+                    <>
+                      I agree to the terms of service and I live in a country
+                      where I'm allowed to participate in Prediction markets.
+                    </>
+                  }
+                  variant="solid"
+                />
+              </FormControl>
+            )}
+          />
+        </DialogContent>
+
+        <DialogActions>
+          <Button
+            type="submit"
+            color="primary"
+            size="lg"
+            aria-label="Agree to the terms stated"
+            disabled={!canSubmit}
+          >
+            Accept
+          </Button>
+        </DialogActions>
+      </ModalDialog>
+    </Modal>
+  )
+}
+
+export { TermsDisclaimer }
diff --git a/frontend/src/config/theme.tsx b/frontend/src/config/theme.tsx
index 7c2dc8d..f13b2e6 100644
--- a/frontend/src/config/theme.tsx
+++ b/frontend/src/config/theme.tsx
@@ -237,6 +237,10 @@ const theme = extendTheme({
     lg: ".75rem",
     xl: "1.5rem",
   },
+  zIndex: {
+    modal: 1000000,
+    tooltip: 1000300,
+  },
   components: {
     JoyAlert: {
       defaultProps: {
@@ -702,7 +706,7 @@ const ThemeProvider = (props: PropsWithChildren) => {
           },
 
           ".notistack-SnackbarContainer": {
-            zIndex: 1000000,
+            zIndex: 1000600,
           },
 
           ".notistack-Snackbar": {