Creating Markets

​

Creating Your Own Market

Anyone can create a market on Predicta! Markets go through an approval process before they become active.

​

Overview

​

Market Creation Process

1. Create Market: Fill out the market creation form
2. Submit for Approval: Market enters PENDING_APPROVAL status
3. Admin Review: Admins review your market
4. Approval: Market becomes OPEN and ready for trading

​

Step-by-Step: Creating a Market

​

Step 1: Start Market Creation

1. Click “Create Market” button
   • Usually in the sidebar or top navigation
2. You’ll see a multi-step form

​

Step 2: Market Setup

1. Select Market Type:
   • Binary: Simple YES/NO market
   • Multi-Outcome Binary: Multiple conditions
   • Series: Automatically regenerating market
2. Select Market Configuration:
   • DEFAULT: Standard one-time market
   • SERIES: Market that regenerates on a schedule
3. Enter Basic Information:
   • Title: Clear, specific question (e.g., “Will Team A win the championship?”)
   • Description: Detailed explanation of what the market is about
   • Sources: Where information about the outcome will come from
   • Category: Select the appropriate category

​

Step 3: Define Outcomes

1. For Binary Markets:
   • System automatically creates YES/NO options
   • You just need to ensure your question is clear
2. For Multi-Outcome Binary:
   • Add each condition/outcome
   • Each outcome gets its own YES/NO options
   • Example: “Which team wins?”
     • Team A: YES/NO
     • Team B: YES/NO
     • Team C: YES/NO

​

Step 4: Set Time Details

1. Expiration Date:
   • When should this market close?
   • Choose a date and time
   • Markets close before the event happens
2. For Series Markets:
   • Set regeneration schedule
   • Choose frequency (Hourly, Daily, Weekly, etc.)
   • Set time windows for trading
   • Configure timezone

​

Step 5: Upload Image (Optional)

1. Add Market Image:
   • Upload a relevant image
   • This helps your market stand out
   • Recommended size: 1200x630 pixels
2. Image Editor:
   • Crop and adjust your image
   • Preview how it will look

​

Step 6: Review and Submit

1. Review Your Market:
   • Check all information is correct
   • Verify expiration date
   • Ensure question is clear
2. Submit for Approval:
   • Click “Create Market”
   • Your market status will be “PENDING_APPROVAL”
   • You’ll receive notification when approved

​

Market Approval Process

​

Review Time

• Usually 24-48 hours
• May be faster or slower depending on volume
• You’ll be notified of the decision

​

Approval Criteria

• Clear Question: Question must be answerable
• Specific Resolution: Clear criteria for determining outcome
• Appropriate Expiration: Expiration date makes sense
• No Prohibited Content: Follows platform rules
• Complete Information: All required fields filled

​

Approval Notification

• You’ll receive notification when approved
• Market status changes to OPEN
• Market becomes available for trading
• Or you’ll be notified if changes are needed

​

Editing Your Market

​

Before Approval

• You can edit markets in PENDING_APPROVAL status
• Make changes as needed
• Resubmit for approval

​

After Approval

• Markets cannot be edited once approved
• Contact support if critical changes needed
• Plan carefully before submitting

​

How to Edit

1. Go to “Your Markets” page
2. Click on the market
3. Click “Edit”
4. Make changes
5. Save and resubmit

​

Market Creation Tips

​

Writing Good Questions

• Be Specific: Clear, unambiguous questions
• Be Answerable: Question must have a clear answer
• Include Context: Provide enough information
• Set Clear Criteria: How will this be resolved?

​

Choosing Expiration Dates

• Before Event: Close before the actual event
• Reasonable Time: Give enough time for trading
• Not Too Long: Don’t set expiration too far in future
• Consider Timezones: Account for different timezones

​

Market Descriptions

• Explain the Question: What are you asking?
• Provide Context: Background information
• Resolution Criteria: How will outcome be determined?
• Sources: Where will information come from?

​

Your Markets Page

​

Viewing Your Markets

1. Click “Your Markets” in the sidebar
2. See all markets you’ve created
3. View their status and activity

​

Market Status

• PENDING_APPROVAL: Waiting for admin review
• OPEN: Active and accepting trades
• CLOSED: Trading stopped
• COMPLETED: Outcome determined
• SETTLED: Payouts processed

​

Best Practices

1. Plan Ahead: Think through your market before creating
2. Be Clear: Make questions and criteria clear
3. Set Realistic Dates: Don’t set expiration too close to event
4. Provide Context: Help traders understand the market
5. Follow Guidelines: Read and follow platform rules

​

Next Steps