Create a Market

Foresure allows anyone to create a prediction market. This guide walks you through the parameters and best practices.

Market Templates

We offer three core templates to simplify creation:

1. Binary (Yes/No)

• Best for: "Will X happen by date Y?"
• Outcomes: 2 (YES, NO)
• Example: "Will Bitcoin exceed $100k in 2024?"

2. Categorical (Multiple Choice)

• Best for: Elections, Sports Tournaments.
• Outcomes: 3-8 mutually exclusive options.
• Example: "Who will win the 2024 US Election?" (Democrat, Republican, Other)

3. Scalar (Range)

• Best for: Numerical predictions.
• Outcomes: Long/Short within a range.
• Example: "What will be the temperature in NYC on July 4th?" (Min: 60°F, Max: 100°F)

Configuration Parameters

When creating a market, you must define:

Parameter	Description	Recommended
Question	The specific event to be predicted.	Be precise and unambiguous.
Resolution Source	The URL or data feed used to verify the outcome.	Official gov sites, major news (AP/Reuters).
Resolution Date	When the event is expected to end.	Set 24h after the event to allow for reporting.
Bond Amount	Initial stake to prevent spam.	> $50 USDC

Oracle Selection Workflow

1. Define Question: "Will Starship launch successfully?"
2. Select Oracle: Choose the "Optimistic Oracle" (default).
3. Set Rules: "Successful orbit required. Sub-orbital does not count."
4. Fund Market: Provide initial liquidity (e.g., $100 USDC) to bootstrap trading.

TIP

Clear resolution rules prevent disputes later. Always include edge cases (e.g., "What if the launch is scrubbed?").