Markets
Understanding Market Dynamics.
Types of Markets
EthMarket supports two types of markets:
YES/NO Markets: These markets allow users to bet on binary outcomes, such as "Will Team A win the championship?"
Multiple-Choice Markets: These markets present several possible outcomes, like "Which team will win the championship?"
Market Creation
Markets can be created in two ways:
AI-Generated Markets: Our advanced AI scans and analyzes the latest news and trends to propose markets based on real-world events.
User-Generated Markets: Users can propose markets on topics they find intriguing. These proposals are submitted for review by our admin team.
Approval Process
All markets, whether AI-generated or user-proposed, must be approved by EthMarket’s admin team to ensure they meet our quality, clarity, and fairness standards. Once approved, markets are published and open for betting.
Market Resolution
Each market has a resolution date, at which point the outcome is determined based on verifiable real-world data. The outcome decides the distribution of rewards among the participants who bet correctly.
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