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📅 Markets & Events

Learn how prediction markets and events work, letting users trade on future outcomes and explore related markets grouped by shared topics.

🔮 What Is a Prediction Market?

A prediction market is a marketplace where participants trade shares based on the outcomes of future events. The price of a share reflects the probability of a specific outcome as determined by market consensus. Prediction markets are used to forecast real-world events by leveraging collective intelligence.

📊 Key Components of a Prediction Market

  1. Question
    • The central query or event being predicted.
    • Example: "Will Game A reach 500,000 users by April 30th?"
  2. Outcomes
    • Possible results or answers to the question, represented as tradable options.
    • Example for the above question:
      • Outcome 1: YES
      • Outcome 2: NO
  3. Description
    • A detailed explanation of the market question, including any specific rules or context.
    • Example: Using data and definitions from a specific Footprint Analytics dashboard, Will Game A reach 500,000 active users by April 30th?
  4. Resolution Source
    • The data provider or mechanism used to determine the outcome.
    • Example: This market will resolve yes if Game A reaches 500,000 by the given date based on data from Footprint Analytics.
  5. Resolver Address
    • The onchain address of the oracle or entity responsible for reporting the outcome.

📅 What Are Events?

Events group multiple related markets together under a single broader topic, allowing users to trade on different aspects of the same scenario. An event serves as an aggregator, enabling users to explore and participate in various markets within a shared context.

📊 Example: Event with Multiple Markets

Event: Which Title Will Win Game of the Year at The Game Awards 2025?

  • Description: This market will resolve based on the game officially announced as Game of the Year.

📊 Markets within the Event:

  1. Market 1: *"*Donkey Kong Bananza"
    • Outcomes: "YES" or "NO"
  2. Market 2: "Kingdom Come: Deliverance II"
    • Outcomes: "YES" or "NO"
  3. Market 3: "Clair Obscur: Expedition 33"
    • Outcomes: "YES" or "NO"
  4. .......and so on.

Each of these markets allows traders to express their confidence in a specific outcome. Since multiple markets are part of the same event, participants can trade across all markets to hedge or diversify their positions.