Glossary

Below is a list of key terms and definitions commonly used on the PredictBase platform.

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?”

The core prompt of a market — must be clear, objective, and verifiable.

The deadline after which no new bets can be placed. Also marks the start of the resolution phase.

A market that has been concluded, and a winning option has been selected by PredictBase admins.

A market that could not be verified, was unclear, or violated platform rules. All users receive refunds, including fees.

A URL or explanation provided by the creator that helps admins verify the correct outcome of a market.

Example: A link to an official scoreboard, election results, or a financial news article.

The choices available to users in a market (e.g., “Yes” / “No”, “Over $70K” / “Under $70K”).

A dynamic value calculated based on the total volume staked on each option. Determines the user’s payout if their prediction is correct.

The stablecoin used for all betting activity on PredictBase. ✅ Supported on the Base network only.

A 1% cut of the total volume placed in a market, paid to the creator when the market resolves.

A 1% platform fee used to fund PredictBase development, infrastructure, and audits.

The act of collecting your payout from a winning bet after a market is resolved. Must be manually triggered via wallet.

Returned funds from a canceled market, including your original USDC bet and any paid fees.

Trusted moderators who approve markets and resolve outcomes using the provided resolution resources and verifiable evidence.

This glossary will grow as the platform evolves. Have a term you think should be here? Let us know in Discord!

Last updated 4 months ago