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!