How Are Markets Created?

Who Creates Markets?

On OddsForge, prediction markets are created by platform administrators. This ensures that every market has a well-defined question, clear resolution criteria, and appropriate initial liquidity. Admins carefully vet each market to maintain quality and prevent ambiguous or unanswerable questions from being listed.

While only admins can create markets directly, the OddsForge community plays an active role in shaping what markets are available through the market suggestion feature (more on this below).

Market Parameters

Every market on OddsForge is defined by a set of parameters that are configured at creation time:

• Title: A clear, concise question with a binary (Yes/No) outcome. For example: "Will Bitcoin exceed $100,000 by December 31, 2026?"
• Description: A detailed explanation of the question, including the exact conditions for a Yes or No resolution and the data sources that will be used.
• End Date: The date and time after which no new trades can be placed. The market enters the resolution phase after this point.
• Category: The topic area the market belongs to (e.g., Politics, Sports, Crypto).
• Initial Liquidity: The seed liquidity deposited into the AMM pool to enable trading from day one.

Market Categories

Markets are organized into categories to help you find topics you're interested in. Current categories include:

• Politics: Elections, legislation, geopolitical events, and government policy.
• Sports: Game outcomes, championship winners, player transfers, and records.
• Crypto: Price targets, protocol upgrades, regulatory decisions, and adoption milestones.
• Entertainment: Awards ceremonies, box office results, show renewals, and celebrity events.
• Science & Tech: Scientific breakthroughs, product launches, and space exploration.
• Economy: Interest rate decisions, GDP targets, employment data, and inflation metrics.

You can filter and browse markets by category on the OddsForge homepage to quickly find the topics that matter to you.

Community Suggestions

Don't see a market you're interested in? OddsForge allows users to suggest new markets through the platform. Here's how it works:

1. Navigate to the Suggest a Market page on OddsForge.
2. Submit your question, a brief description, the suggested end date, and the appropriate category.
3. The admin team reviews your suggestion for clarity, feasibility, and community interest.
4. If approved, the market is created and listed on the platform. You'll be notified when your suggested market goes live.

Market Lifecycle

Every market on OddsForge follows a defined lifecycle with four stages:

1. Created: The admin configures the market parameters and deploys it to the OddsForgeV2 smart contract on BSC. Initial liquidity is seeded into the AMM pool, and the starting price is set to $0.50 (50/50 probability).
2. Active: The market is live and open for trading. Users can buy and sell Yes and No shares freely. Prices move in real time as trades are placed, reflecting the collective wisdom of the market participants.
3. Ended: The market's end date has passed. Trading is closed and no new positions can be opened. The market awaits resolution by an administrator.
4. Resolved: The admin submits the real-world outcome to the smart contract. Winning shares become redeemable for $1.00 each, and holders can claim their winnings.

Initial Liquidity and Starting Prices

When a market is created, the admin deposits initial liquidity into the pool. This liquidity serves two purposes:

• Enables immediate trading: Without initial liquidity, the AMM would have no reserves and trading would not be possible.
• Reduces slippage: More liquidity means prices move less with each trade, providing a better experience for early traders.

All newly created markets start with a price of $0.50 for both Yes and No shares, representing an even 50/50 probability. As soon as the first trades are placed, prices begin to shift based on the demand for each outcome.