📚Getting Started
A back-and-forth tour of the Whales Market Prediction Platform
Last updated
A back-and-forth tour of the Whales Market Prediction Platform
Last updated
Launching on one of the most anticipated platforms in the dynamic space, Whales Market Prediction Market will offer real-time insights into a diverse range of bets, from sporting events to cryptocurrency prices and financial projections. On top of that, these are some of the statistics you need to consider to gain a comprehensive understanding of what's going on with the prediction market:
This is an example of placing a bet on the Prediction Market, indicating a bet on the prediction that a specific token ($GOAT) will reach a forecasted market cap, as demonstrated below:
Predicted Outcomes: There are our defaults predicted outcomes that we projected for the listings. These outcomes are being selected by the platforms at the listings time. During the listings of the market, we can adds on some of others outcomes for the markets.
Projected Settlement Time: This should be the settlement timeline for the listings. This will be counted once the settlement requirements of the prediction are met. For details on the settlement rules, please refer to the Settlement Rules
Total Volume of the Listings: Total capital has been deposited by users to place their predictions, with the volume for each variable (Yes/No) displayed.
Within each of the prediction market listings, the event and outcome resolutions are being setted with these fixed statistics:
Outcome Pricing: The valuation of each outcomes (Yes/ No) are pricing at a range between $0-$1
Total Event Price: The combined price of 'Yes' and 'No' outcomes always sum up to 1
Event Resolutions: You can buy shares in a particular outcome at its current price.
* If your prediction is correct, your shares will be worth $1.
* If your prediction is incorrect, your shares will return to $0
Potential Return: Your profit will be the difference between what you paid for your shares and the final value of $1 (if your prediction is correct).
The market will only be resolved once the settlement deadlines for this listing have arrived. We will announce this publicly through our communication channels at least 24 hours in advance.
All of your escrowed funds will be placed and stored in our Smart Contract
Now that we've covered the basics, let's learn how to create and place your first orders:
