# Glossary ### Glossary Below is a list of key terms and definitions commonly used on the PredictBase platform. *** #### Market A prediction contract that allows users to place bets on the outcome of a specific real-world event. > Example: *“Will ETH be above $3,000 on May 1st?”* *** #### Market Question The core prompt of a market — must be **clear**, **objective**, and **verifiable**. *** #### Market End Time The date and time when the event is expected to conclude and be resolved. You can still place bets after the end time, but **odds may be less favorable**. *** #### Resolved Market A market that has been concluded, and a **winning option** has been selected by PredictBase admins. *** #### Canceled Market A market that could not be verified, was unclear, or violated platform rules. All users receive refunds, including fees. *** #### Resolution Resource A URL or explanation provided by the creator that helps our AI Agent/Admins verify the correct outcome of a market. > Example: A link to an official scoreboard, election results, or a financial news article. *** #### Prediction Option The choices available to users in a market (e.g., “Yes” / “No”, “Over $70K” / “Under $70K”). *** #### Share price The price of each option is displayed in cents. Each winning share can be redeemed for $1. *** #### USDC The stablecoin used for all betting activity on PredictBase.\ Supported on the **Base network** only. *** #### Creator Fee A **1% cut** of the total volume traded in a market, paid to the creator when the market resolves. *** #### Protocol Fee A **1% platform fee** used to fund PredictBase development, infrastructure. *** #### Claim The act of collecting your payout from a **winning bet** after a market is resolved. Must be manually triggered via wallet. *** #### Refund Returned funds from a **canceled market**, including your original USDC bet and any paid fees. *** This glossary will grow as the platform evolves. Have a term you think should be here? Let us know in [Discord](https://discord.gg/QDp7zqesgt)!