๐Ÿ“ˆCreating a PredIQt market

PredIQt is the first prediction marketplace allowing for both real-time trading & complete decentralization. This means that all markets on PredIQt are created for users, by users.

Market Creation Process

Step 1

Hover over the 'Markets' tab and click 'Create' to get started

Step 2

Enter a user-friendly title, brief description, and cover image for your market

PredIQt markets are for events with binary (YES/NO) outcomes

Please ensure your market title and description are worded such that it will be resolvable as YES or NOโ€ฆ markets submitted with ambiguous or non-binary outcomes will likely be rejected.

WARNING: Markets cannot be edited once submitted!

Markets are stored on the blockchain, and thus cannot be modified once submitted.

You will get a commission of all trades that occur within your market, so it's worth spending a little extra time to make sure it's easy to understand & user-friendly!

Step 3

Add details for how your market should be resolved

Make sure that all possible scenarios are addressed for your market so that users are comfortable bettingโ€ฆ markets with potentially ambiguous outcomes tend to do poorly.

The most popular PredIQt markets usually include a link to a data source which should be used as the 'source of truth' for determining the market's outcome.

Step 4

Set the market's Expiration Dateโ€ฆ

Make sure that the market will definitely be resolvable on the expiration date you specify.

WARNING: Provide a buffer to ensure the market is still resolvable in the event of unexpected delays

Setting the expiration date a day or two after the market is expected to resolve can help ensure unexpected delays related to the reporting of a market's outcome don't result in an 'INVALID' resolution

Step 5

Submit your market!

Note there is a current 2,500 IQ deposit required to propose a market (discourages spamming)

  • If your market isn't approved, you will receive an 80% refund of your deposit

  • If your market is approved, this deposit will be burned, and you can recoup it + earn a profit from the 2.5% commission you'll receive (based on the total number of shares issued, at the time of market resolution)

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