FAQs
❓ Frequently Asked Questions (FAQs)
Find quick answers to common questions about PredictBase. For more help, check the Need Help? page or join our Discord.
What does “market active” mean?
The market has been approved by admins and is open for betting.
What does “market resolved” mean?
The outcome of the market has been finalized and marked as either a win or loss for each option. Winning users can now claim their rewards.
What does “market canceled” mean?
The market was deemed unverifiable, ambiguous, or invalid. All users can claim a full refund including their stake and any paid fees.
How Does PredictBase Odds Work?
PredictBase v2 uses a Logarithmic Market Scoring Rule (LMSR), with PredictBase and market creators providing liquidity for trading.
Once you place a bet, your odds are locked in, and you will receive a payout of $1 per share if your chosen option is correct.
With live trading, you can buy or sell shares anytime before market resolution, allowing you to lock in profits, hedge positions, or actively trade like in traditional markets.
Example
Market: Will BTC be over $70,000 on May 1st?
Option prices: Yes = $0.60, No = $0.40
Bet: $50 on "Yes"
Result:
Shares received: 83.33 shares
Payout if correct: $83.33
What happens if a market I bet on is canceled?
You’ll receive a full refund of:
Your USDC stake
Any protocol or creator fees you paid
You’ll see a Refund button on the market or in your Dashboard.
What if I forget to claim?
Your winnings stay in the contract until you claim them. They never expire, and no one else can claim them. Just connect your wallet anytime and claim when ready.
What if my wallet disconnects?
No problem — all bets and data are tied to your wallet address, not your device. Just reconnect your wallet to resume.
Still have questions? Reach out at: 📧 predictbase.app@gmail.com 💬 Join our Discord