# Glossary

### 📚 Glossary

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

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#### 🏛 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?”_

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#### 💬 Market Question

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

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#### 📅 Market End Time

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

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#### ✅ Resolved Market

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

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#### ❌ Canceled Market

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

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#### 💡 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.

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#### 🧠 Prediction Option

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

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#### 🎯 Odds

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

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#### 🪙 USDC

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

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#### ⚖️ Creator Fee

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

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#### ⚙️ Protocol Fee

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

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#### 📦 Claim

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

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#### 🔁 Refund

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

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#### 🛡 PredictBase Admin

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

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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)!
