# 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)! --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://predictbase.gitbook.io/docs/resources/glossary.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.