Markets & Events
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.
- Question
- The central query or event being predicted.
- Example: "Will Game A reach 500,000 users by April 30th?"
- Outcomes
- Possible results or answers to the question, represented as tradable options.
- Example for the above question:
- Outcome 1: YES
- Outcome 2: NO
- 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?
- 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.
- Resolver Address
- The onchain address of the oracle or entity responsible for reporting the outcome.
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.
Event: Which Ronin game will hit 500,000 daily active wallet next?
- Description: Predict which Ronin game will achieve the onchain milestone of reaching 500,00 daily active wallets first.
- Market 1: "Will Pixels hit 500k daily active wallet next?"
- Outcomes: "YES" or "NO"
- Market 2: "Will Wild Forest hit 500k daily active wallet next?"
- Outcomes: "YES" or "NO"
- Market 3: "Will Lumiterra hit 500k daily active wallet next?"
- Outcomes: "YES" or "NO"
- .......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.
