Market Approval Process
All markets on Predicta go through an approval process to ensure quality and clarity.Approval Workflow
Step 1: Submission
- You create and submit your market
- Market status becomes PENDING_APPROVAL
- Market is queued for admin review
Step 2: Admin Review
- Admins review your market
- Check for clarity, completeness, and compliance
- Usually takes 24-48 hours
Step 3: Decision
- Approved: Market status changes to OPEN
- Needs Changes: You’ll be notified what to change
- Rejected: Market is rejected with explanation
Approval Criteria
Clear Question
- Question must be answerable
- No ambiguity about what’s being asked
- Specific enough to resolve clearly
Resolution Criteria
- Clear criteria for determining outcome
- Objective sources for resolution
- No subjective interpretation needed
Appropriate Expiration
- Expiration date before the actual event
- Reasonable time for trading
- Not set too far in future
Complete Information
- All required fields filled
- Description provides context
- Sources specified
Platform Compliance
- No prohibited content
- Follows platform rules
- Appropriate category selected
Common Rejection Reasons
Unclear Questions
- Vague or ambiguous wording
- Multiple possible interpretations
- Unanswerable questions
Missing Information
- Incomplete descriptions
- No resolution criteria
- Missing sources
Inappropriate Content
- Prohibited topics
- Violates platform rules
- Inappropriate language
Timing Issues
- Expiration too close to event
- Expiration after event
- Unrealistic timeline
Editing After Rejection
Making Changes
- Go to “Your Markets” page
- Find rejected market
- Click “Edit”
- Make requested changes
- Resubmit for approval
Addressing Feedback
- Read rejection reason carefully
- Make all requested changes
- Improve clarity and completeness
- Resubmit when ready
Approval Timeline
Typical Timeline
- Review Time: 24-48 hours
- Peak Times: May take longer during high volume
- Weekends: May take longer on weekends
- Complex Markets: May take longer for complex markets
Notification
- You’ll receive notification when reviewed
- Check “Your Markets” page for status
- Email notification if enabled
Approved Markets
What Happens Next
- Market status changes to OPEN
- Market becomes available for trading
- Traders can start placing orders
- You can trade on your own market
Market Activity
- Monitor your market’s activity
- See trading volume
- Track price movements
- Engage with traders
Best Practices for Approval
- Be Clear: Write clear, specific questions
- Provide Context: Include background information
- Set Criteria: Specify how outcome will be determined
- Check Dates: Ensure expiration is appropriate
- Follow Rules: Read and follow platform guidelines
Getting Help
Support
- Contact support if you have questions
- Ask about rejection reasons
- Get help improving your market
- Learn from feedback