Prediction Market

A financial market where participants trade contracts tied to future events. The market prices reflect the crowd’s collective assessment of the event’s likelihood.

Creator/Market Creator

The individual who initiates a new prediction market by proposing a question about a future event.

Forecaster

A user who purchases shares in the market, expressing their beliefs about the outcome of the proposed event.

Oracle

A trusted entity that verifies the resolution of a prediction market, often by relying on data feeds or off-chain providers.

Trader

A user who buys and sells shares in the market based on their beliefs about the outcome of the proposed event, aiming to make a profit from changes in share prices.

Maker

A user who creates a new order in the market, setting the price and quantity of shares they are willing to buy or sell.

Taker

A user who fills an existing order in the market, buying or selling shares at the price set by the maker.

Prediction

A statement expressing a belief about the likelihood of a future event.

Points

Rewards for engagement within the ecosystem, convertible to $TOKEN with intrinsic value.

Question

The primary focus of the market, typically presented as a question about a future event.

Tokens

Binary assets representing the possible outcomes of an event, often "Yes" or "No".

Rewards

Incentives offered to encourage participation and maintain liquidity in the market.

Order

A request to buy or sell a prediction.

Order Book

A list of all active buy and sell orders within a market.

Market Order

An order to buy or sell a prediction at the best available price.

Limit Order

An order to buy or sell a prediction at a specific price or better.

Minimum Order Size

The smallest amount of tokens that can be bought or sold at once in a market.

Minimum Tick Size

The smallest price increment at which trades can occur within the market.

Description

A brief explanation of the market, its context, and the event it is based on.

Market State

Indicates whether the market is open for trading, closing soon, or already resolved.

Resolution

The final outcome of the market after the associated event has occurred.

Fees

Charges applied to certain actions within the market, such as trading or withdrawing funds.

Automated Market Maker (AMM)

A system for providing liquidity and maintaining stable prices in decentralized markets.

Smart Contract

Self-executing contracts with the terms of the agreement directly written into code, enforced on the blockchain.

Gas Fees

The fees paid to operate smart contracts on the Ethereum network or other similar platforms.

On-chain Data Feeds

Trusted data sources that are integrated into a prediction market’s smart contract to help determine its resolution.

Off-chain Data Providers

Third parties responsible for verifying the resolution of a prediction market, often used when on-chain data feeds are not available or reliable enough.