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 deadline after which no new bets can be placed. Also marks the start of the resolution phase.
✅ 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 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”).
🎯 Odds
A dynamic value calculated based on the total volume staked on each option. Determines the user’s payout if their prediction is correct.
🪙 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 placed in a market, paid to the creator when the market resolves.
⚙️ Protocol Fee
A 1% platform fee used to fund PredictBase development, infrastructure, and audits.
📦 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.
🛡 PredictBase Admin
Trusted moderators who approve markets and resolve outcomes using the provided resolution resources and verifiable evidence.
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