FAQs

what is forkast? forkast https //forkast gg/ is a prediction market that lets you trade on the outcomes of future events, spanning live esports, gaming, finance, and crypto trends prediction markets use the collective intelligence of participants to create accurate probability estimates about the likelihood of different outcomes unlike gambling, which relies predominantly on chance, prediction markets reward those with deep domain knowledge and superior analytical skills with forkast, you can trade in a secure and transparent environment on topics you love events feature outcomes that range from simple yes/no questions to multiple choice options to get started, simply select a market and place a trade on the outcome you believe will occur when the market resolves, you’ll receive $1 00 for every share you hold, provided your prediction is correct how are probabilities determined in a market? in a market, probabilities are shaped by the collective actions of traders as people buy and sell, the market adjusts to reflect the perceived likelihood of each outcome for instance, if more users purchase "yes" shares, the market assigns a higher probability to "yes" being the result conversely, increased demand for "no" shares will raise the likelihood of "no" as the outcome these probabilities are dynamic, constantly shifting as new trades and information flow in, offering a real time snapshot of the collective expectations about what is most likely to occur creating a forkast account how can i create an account? creating an account is simple, and you have four options to get started email address signup prefer email? just enter your address and confirm the one time password no extensions, no wallets, no seed phrases—quick and easy metamask wallet sign up https //chromewebstore google com/detail/ronin wallet/fnjhmkhhmkbjkkabndcnnogagogbneec?hl=en sign up by linking your already installed ronin or metamask wallet https //chromewebstore google com/detail/ronin wallet/fnjhmkhhmkbjkkabndcnnogagogbneec extension to forkast both of these wallets are self managed wallets available as a chrome browser extension if you choose to use this sign up option, be sure to back up your private key to securely maintain ownership of your assets google signup sign up instantly with your google account no browser extensions, wallet setup, or seed phrases required what is a proxy account and why do i need it? a proxy account acts as a middleman between your wallet and the forkast platform it helps ensure secure interactions, making the platform more efficient and easier to use while maintaining decentralization to learn more visit trading wallets docid\ sjo1w49qgvasdqr3nmrqa and platform mechanics docid\ nxoiks8lxgk08goxl4ddd is forkast available in all countries? access is restricted to u s persons or individuals in the united states, singapore, brazil, france, taiwan, china, thailand, the cayman islands, cuba, iran, syria, north korea or other restricted jurisdictions i have a great idea for a market how can i get it added? yes! forkast welcomes market suggestions join our discord https //discord gg/forkast and post in the #prediction proposals channel is it possible to change my forkast email? no, if you created your forkast account using email or google sso , the email address cannot be changed after signup what browsers do you support? forkast supports all modern browsers, including chrome, firefox, and safari, for a great trading experience adblockers on the browser may have issues in the sign in blockchain which blockchain is forkast built on? forkast is built on arbitrum https //arbitrum io/ , a high speed, low cost blockchain network built to scale ethereum arbitrum gives forkast the performance needed for consumer trading while still benefiting from ethereum’s broader security and ecosystem for users, that means faster transactions, lower fees, and a smoother experience compared with trading directly on ethereum mainnet this makes arbitrum a strong fit for prediction markets, where speed, cost, and reliability matter every time a user enters or exits a position what is usdc, and where can i buy it? usdc is a digital dollar (stablecoin) that's always worth $1 usd (1 usdc = $1 usd) you can buy usdc from crypto exchanges or payment processors such as the ones found on the deposit page at forkast gg/deposit once you have usdc, deposit it into forkast and use your trading credits to trade winnings can be withdrawn back to usdc when available do i need "gas" to pay for transaction fees on forkast? you do not need gas to trade on forkast gas is only required when converting or transferring tc/usdc from an eoa to a proxy wallet i redeemed a credit code but my balance did not update? what should i do? your balance should update within 2 minutes of redemption if it doesn’t, please reach out to the forkast support team on our discord https //discord gg/forkast or at deposits & withdrawals why are there fees to deposit and withdraw my usdc, and why do i need to pay them? fees cover the network costs of processing transactions on the blockchain they are essential to ensure your transaction is securely recorded and verified on the blockchain, helping maintain the network's security and reliability what are the fees for buy and sell orders? for the month of may, no fees will be charged on any trades why did the network fee become more or less expensive? network fees fluctuate based on blockchain congestion and the complexity of your transaction i deposited usdc using my external wallet to my deposit address, but my funds aren't appearing verify your transaction on the blockchain using a block explorer https //arbiscan io/ if it has been confirmed, reach out to forkast support and provide your transaction hash for further assistance how is the network fee calculated? network fees are calculated based on gas prices and the computational resources required for your transaction on the blockchain why is my debit or credit card not working? check for restrictions from your bank or card issuer i had an old, pending manual deposit/withdrawal, and i can't find it anymore what happened to my funds? verify whether the transaction has been refunded or completed if the issue remains unresolved, please reach out to forkast support for assistance 10 minutes have passed, and i still haven't received my funds blockchain transaction times may fluctuate to check the status of your transaction, visit a block explorer https //arbiscan io/ if the issue persists, please reach out to our support team for assistance faq i redeemed 500 tc, but only 499 99 showed up in my wallet – why does that happen? due to the nature of blockchain transactions, t c (trading credits) supports up to 6 decimal places , and trading fees are also calculated with decimal precision this can sometimes lead to small rounding differences between the amount displayed on forkast and the actual on chain amount for example you might see a position quantity of 500 tc on forkast, but the on chain balance may be 499 999999 tc due to fractional fee calculations this does not affect the actual value of your holdings —the blockchain maintains accuracy, even if the displayed number rounds slightly this behavior is common across other blockchain platforms, and we are actively exploring ways to minimize the impact if you have any concerns, feel free to reach out to our support team to learn more visit sign up on forkast docid\ f0qp83q2fqnfmc00wezm0 why am i seeing the error message "you have reached the maximum amount allowed" when trying to deposit more usdc into my forkast account? this means your account has reached its maximum platform credit purchase limit once your total deposits hit this cap, you’ll encounter this error if you believe you haven’t yet reached the limit but are still seeing this error, please contact our support team for assistance how do i withdraw assets from forkast to another platform? to withdraw assets from forkast, simply use the withdraw https //forkast gg/wallet/deposit page please note that any balance from a credit code must meet specific mission requirements and kyc verification before it can be transferred what is the difference between a market order and a limit order? market orders a market order is used to buy or sell shares immediately at the best available price example if you place a market order to buy 60 shares of "skt t1 win, yes," the system will instantly match your order with the best offer in the order book limit orders a limit order allows you to set a specific price to buy or sell shares the trade will only happen if someone matches your price example if you place a limit order to buy 75 shares of "skt t1 win, yes" at $0 50, the order will remain open until a seller is willing to sell at that price how does the forkast referral program work? to earn referral rewards, the person you refer (person b) must meet specific criteria person b can either spend a minimum of $5 usdc on the platform, such as through trading, converting usdc to trading credits, or participating in markets once these requirements are fulfilled, you (person a) become eligible for the referral rewards what do i win by referring others? when your referral (person b) meets the criteria to become a successful referral, both of you receive rewards as the referrer (person a), you earn 10% of the trading fees generated by person b for the next 6 months these rewards are paid in trading credits, which can be used for trading on forkast meanwhile, your referral (person b) gets a 25% discount on trading fees for the first 3 months after signing up it’s a win win for both parties! to learn more visit referral system how it works docid\ zzkf5pzjdrana3w6ola8z portfolio & shares what do i need to do before i can start trading? to start trading, create an account using your email / social login / wallets after that, deposit usdc into your forkast account to begin trading i've changed my mind about a trade can i sell my shares? yes, you can sell your shares anytime before the market resolves at the best available price when does a market close? markets close at the time specified on the market page; users can verify this time on the page itself or once the outcome is officially confirmed by a reputable source what are my shares worth if i hold them until the market is resolved? winning shares always resolve to $1 00 each for example, shares purchased at $0 52 will be worth $1 00 each if the outcome is correct, or $0 if the outcome is incorrect when the market resolves can i own both ‘yes’ and ‘no’ shares for a market at the same time? yes, holding both positions is possible i received an error when i submitted my trade what do i do? retry the transaction after a few seconds if the issue persists, contact forkast support where can i check my activity and order history? you can track your open buy and sell orders and view your market participation on the portfolio page inside, you'll find tabs like "open orders" and "activity" to navigate your transaction history additionally, you can share your positions directly on social media using the "share" button security are my deposited funds secured? funds are held in a secure proxy wallet linked to your account will you ever ask for my private key? no, forkast will never request your private key keep it secure at all times resolution what happens when a market resolves? when resolved, winning shares pay out $1 00 each losing shares are worth $0 what should i do when a market resolves? claim your winnings by redeeming your shares from your portfolio page what happens to unfulfilled buy orders when a market resolves? if a market resolves before your buy order is fulfilled, the order is automatically canceled, and your funds are refunded