Who can create a market on Foresight Arena?
Who can create a market on Foresight Arena?
- The feature will be opened to all users, anyone can create a market.
Do Arena markets require an end date?
Do Arena markets require an end date?
- Yes. All Arena markets must include a defined end date that specifies when the event outcome will be determined and the market will resolve.
When does the seeding phase end?
When does the seeding phase end?
- The seeding phase must run for at least 2 days and ends no later than 3 days before the market’s resolution date. Markets that do not reach the seeding goal by this deadline will fail.
What types of questions are allowed?
What types of questions are allowed?
- Markets must be clear, factual, objectively verifiable, and time-bound. Questions must have a reliable source of truth and are typically structured as Yes / No outcomes.
How much do I need to fund to create a market?
How much do I need to fund to create a market?
- You must fund at least $100 to create a market. The market must reach $1,000 in total seeding to activate trading.
Can I withdraw my funds during the seeding phase?
Can I withdraw my funds during the seeding phase?
- No. Funds are locked during seeding and cannot be withdrawn unless the market fails or the event resolves during the seeding period.
What happens if a market does not reach its seeding goal?
What happens if a market does not reach its seeding goal?
- The market enters a Failed state. Seeders can withdraw their funds with a 5% penalty fee applied.
What happens if the event resolves before seeding ends?
What happens if the event resolves before seeding ends?
- The market enters a cancelled state, all seeded funds are refunded without any added fees.
Can I edit my market after publishing?
Can I edit my market after publishing?
- No. Market questions, sources, and deadlines cannot be changed after publishing.
How do creators and seeders earn rewards?
How do creators and seeders earn rewards?
- Creators and seeders receive 50% of the trading fees generated by the market once it resolves.
When can I claim my funds and rewards?
When can I claim my funds and rewards?
- Funds become claimable once the market reaches the Resolved state and the outcome is verified.
What happens if I seed a market on the wrong network?
What happens if I seed a market on the wrong network?
- It is not possible to seed a market on the wrong network. The transaction will fail.
Who determines the outcome of a market?
Who determines the outcome of a market?
- Markets are resolved using the predefined source of truth and resolution rules shown on each market.