Introduction

what is forkast? forkast is a prediction market designed for gaming and sports culture users can create and participate in prediction markets based on trending topics in sports, esports, streamers, web3, and trending news forkast operates using a central limit order book (clob) what is a central limit order book (clob)? a central limit order book (clob) is an advanced trading infrastructure that maintains a centralized ledger of all buy and sell orders for a specific market, organized by price and time priority on forkast, we utilize a specialized variant called the binary limit order book (blob), which is specifically optimized for prediction market trading with binary outcomes how it works unlike traditional trading platforms, forkast's clob operates through a hybrid decentralized model where order matching occurs offchain for optimal speed and efficiency, while settlement happens onchain to ensure transparency and security this architecture provides users with the precision of traditional financial markets combined with the trustless nature of blockchain technology forkast uses an advanced central limit order book (clob), also known as the binary limit order book (blob), enabling efficient order matching and non custodial settlement users can place predictions, make trades, and claim rewards, all in a streamlined and user friendly environment how clob works on forkast the clob system functions as the backbone of forkast's trading infrastructure 1\ order placement users can place both market orders (instant execution) and limit orders (executed at specified prices) directly into the centralized order book each order is timestamped and prioritized based on price and time 2\ real time matching the offchain operator continuously matches orders based on price time priority rules, ensuring fair and efficient execution this matching process happens in real time, providing immediate feedback to traders 3\ non custodial settlement all matched trades are settled onchain through secure smart contracts, maintaining the non custodial nature of the platform users retain full control of their assets throughout the entire trading lifecycle 4\ transparent order book the complete order book is displayed to all users, showing market depth, liquidity levels, and real time price movements this transparency enables informed trading decisions and accurate price discovery why clob is optimal for prediction markets prediction markets require precise price discovery and resistance to manipulation to accurately reflect market sentiment about future events traditional amm systems, while innovative, suffer from predictable price mechanics that can be exploited through front running and sandwich attacks forkast's clob infrastructure addresses these challenges by providing accurate probability representation through organic price discovery professional grade trading tools for sophisticated market participants transparent market dynamics that build user confidence by leveraging this advanced clob infrastructure, forkast provides users with a superior trading experience that combines the best aspects of traditional financial markets with the innovations of decentralized finance