Create a Market

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  1. 1Get Started
  2. 2Description
  3. 3Resolution
  4. 4Details
  5. 5Submit
Let's get started creating a market.
Market creation through PredIQt is a two-part process. First, the market creator proposes a market. Second, the specified resolver must approve the market. A market is created on-chain only when the market resolver has approved the market.
Currently, the PredIQt interface only allows markets to be proposed with prediqtoracl as the resolver account. Markets that are not specifically defined are unlikely to be approved by resolvers. For an example of a properly-defined market, see this link.
Market creators must put up an $IQ-denominated deposit when they create a market. If the market is approved by the resolver, then the market is created, the deposit is burned, and the market creator receives market creator fees at the market’s conclusion.
If the market is not approved, the market creator gets back 75% of their deposit, and the rest of the deposit is burned.