> ## Documentation Index
> Fetch the complete documentation index at: https://docs.predictamarkets.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Creating Markets

> Step-by-step guide to creating your own prediction markets on Predicta

## Creating Your Own Market

Anyone can create a prediction market on Predicta. New markets go through an admin approval process before they go live.

## Overview: Creation to Live

1. **Create** — fill in the 4-step wizard
2. **Submit** — market enters `PENDING_APPROVAL`
3. **Admin review** — usually 24–48 hours
4. **Approved** → market becomes `OPEN` and visible to traders

## Getting Started

1. Click **"Your Markets"** in the sidebar
2. Click the **"Create Market"** button (top right)

Or navigate directly to `/create-market`.

<Tip>
  A quick tutorial video is linked at the top of the page — watch it for a walkthrough of all four steps.
</Tip>

## Step 1: Setup

Configure the core market details.

### Market Type

| Type                  | Description                                                                                                                                   |
| --------------------- | --------------------------------------------------------------------------------------------------------------------------------------------- |
| **Binary (Yes/No)**   | One question with YES and NO outcomes — the simplest type                                                                                     |
| **Multiple Outcomes** | Multiple conditions, each with their own YES/NO options. Example: "Which team wins?" with Team A, Team B, Team C each tradeable independently |

### Market Configuration

| Config             | Description                                                                                                                                     |
| ------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------- |
| **Default Market** | A one-time market with a single expiry date. Example: *"Will it rain in Nairobi on Friday?"*                                                    |
| **Series Market**  | A recurring market that auto-regenerates on a schedule. Example: *"Will the temperature exceed 30°C in Nairobi this week?"* (renews every week) |

### Required Fields

* **Market Title** ✱ — a clear, question-based title (e.g. "Will Nigeria win AFCON 2026?")
* **Description** ✱ — detailed explanation of resolution criteria
* **Market Outcome Sources** ✱ — sources used to confirm the outcome (e.g. official league website, BBC Sport)
* **Category** ✱ — Tech, Politics, Sports, Business, or World Events
* **Ticker Symbol** (optional) — link to a financial asset if relevant

<Tip>
  Make your title a clear, answerable question. Vague questions are harder to resolve and may be rejected.
</Tip>

### Live Preview

A real-time preview panel on the right side of the form shows exactly how your market will appear to traders — including the title, category, type, config, expiry, and outcomes.

Click **"Next"** to move to Step 2.

## Step 2: Outcome Details

### Binary Markets

Outcomes are automatically YES and NO — just verify your question is clear and unambiguous.

### Multiple Outcome Markets

Add each possible outcome:

1. Click **"Add Outcome"**
2. Enter the outcome name (e.g. "Nigeria", "Ghana", "Ivory Coast")
3. Repeat for each option
4. Each outcome gets its own YES/NO trading pair

## Step 3: Time Details

### Expiration Date

Set when the market **closes** (stops accepting trades). This must be **before** the actual event occurs.

* Give traders enough time to participate
* Don't set expiry too close to the event (no time to trade)

<Warning>
  Set the expiration **before** the actual event, not after. Markets close before the outcome is known.
</Warning>

### Series Market Schedule

For Series markets, configure:

* **Regeneration frequency**: Hourly, Daily, Weekly, Monthly, etc.
* **Trading time windows**: When each instance opens and closes
* **Timezone**: The timezone used for the schedule

## Step 4: Image

Upload a market image to make your market stand out.

1. Upload an image file (recommended: 1200×630px)
2. Use the built-in editor to crop and adjust
3. Preview how it will look on the market card

Image is optional but recommended — markets with images get more engagement.

## Review and Submit

Before submitting, review the preview panel to confirm all details are correct, then click **"Create Market"**. Your market enters `PENDING_APPROVAL` status.

You can **Reset Form** at any point to start over.

## Tracking Your Markets

Go to **"Your Markets"** in the sidebar to manage all markets you've created.

### Tabs and Filters

| Tab          | Description                   |
| ------------ | ----------------------------- |
| **All**      | Every market you've created   |
| **Pending**  | Awaiting admin approval       |
| **Active**   | Currently open for trading    |
| **Finished** | Closed, Settled, or Cancelled |

Each tab shows the count of markets in that state.

### Market Status Badges

| Status        | Meaning                                         |
| ------------- | ----------------------------------------------- |
| **Pending**   | Awaiting admin review                           |
| **Open**      | Live and accepting trades                       |
| **Locked**    | Trading paused                                  |
| **Closed**    | Trading stopped, awaiting outcome determination |
| **Completed** | Outcome determined                              |
| **Settled**   | Payouts processed                               |
| **Cancelled** | Market cancelled                                |

### Actions Per Market

| Action     | When Available                                             |
| ---------- | ---------------------------------------------------------- |
| **View**   | Always — opens the public market page                      |
| **Edit**   | Only while status is **Pending**                           |
| **Settle** | When status is **Closed** — lets you determine the outcome |

<Note>
  If markets are ready for outcome determination, a banner appears at the top of **Your Markets** directing you to the Finished tab.
</Note>

## Editing Your Market

Only markets in **Pending** status can be edited:

1. Go to **Your Markets**
2. Find the market — click **"Edit"**
3. Make your changes
4. Save — the market stays in Pending (no re-approval needed for minor edits)

Once a market is **Open** or beyond, it cannot be edited.

## Determining the Outcome

When your market closes (`Closed` status):

1. Go to **Your Markets → Finished** tab
2. Click **"Settle"** on the market
3. Select the winning outcome(s)
4. Submit — the platform processes payouts to winning traders

## Market Creation Tips

### Writing Good Questions

* **Be specific** — "Will BTC exceed \$100,000 by December 31, 2026?" not "Will crypto go up?"
* **Be answerable** — the outcome must be objectively verifiable
* **Include context** — help traders understand what they're predicting
* **State clear resolution criteria** — how exactly will the winner be determined?

### Choosing Expiration Dates

* Close **before** the event, not after
* Leave at least 24 hours of trading time
* Account for timezones if the event is international

### Writing Descriptions

* Explain what you're asking
* Provide relevant background
* State the resolution criteria clearly
* List your sources

## Next Steps

<CardGroup cols={2}>
  <Card title="Market Approval" icon="check-circle" href="/user-guide/market-approval">
    Understand the review process and approval criteria.
  </Card>

  <Card title="Understanding Markets" icon="chart-line" href="/user-guide/understanding-markets">
    Learn more about how prediction markets work.
  </Card>
</CardGroup>