Market Creation

The market creation form on Prophecy.bet allows users to create customized prediction markets with ease. Below is a step-by-step guide to filling out the form, explaining each field and functionality:

Form Fields

1. Topic

   • Description: Enter the main question or subject of the market.

   • Example: Will Bitcoin's price exceed $50,000 by December 2024?

2. Answer Options

   • Answer 1: Define the first possible outcome.

     • Example: Yes

   • Answer 2: Define the second possible outcome.

     • Example: No

3. Category

   • Description: Choose the category relevant to your market.

   • Options: Categories like Crypto, Politics, Finance, Sports, Technology, etc.

4. Keywords

   • Description: Add relevant keywords to help users discover your market.

   • Example: Bitcoin, Cryptocurrency, BTC

5. Media Upload

   • Description: Upload an image or other media to enhance your market's visibility and appeal.

   • How to Use: Click the upload icon or drag and drop files directly into the form.

6. Resolution Duration

   • Description: Select the time frame for when the market will resolve.

   • Options:

     • Short Term (24 hrs)

     • Medium Term (3 - 7 days)

     • Long Term (15 - 30 days)

7. Resolution Date & Time

   • Description: Specify the exact date and time when the market will resolve.

   • Format: DD/MM/YYYY, HH:MM UTC

8. Balance Display

   • Description: Displays your current wallet balance in both USDC and SOL.

   • Note: Ensure your wallet is funded to proceed.

9. Initial Liquidity

   • Description: Enter the amount of liquidity you want to add to the market.

   • Currency Selection: Choose between SOL and USDC as the funding token.

10. Total

    • Description: Displays the total amount being used to create the market, calculated based on your initial liquidity selection.

Creating the Market

1. Review All Fields Ensure that all fields are filled out accurately, and check for errors.

2. Click "Create Market" Press the Create Market button to finalise and publish your prediction market.

Additional Notes

• Wallet Setup: Before creating a market, ensure your wallet is loaded with sufficient SOL or USDC. Use the wallet section for:

  • Receiving funds via QR code or wallet address.

  • Swapping tokens if necessary.

• Fees: The platform may charge a fee for market creation, deducted from your balance.

This intuitive form empowers users to set up markets tailored to their interests while maintaining simplicity and transparency throughout the process.