Create your own market
Last updated
Last updated
Creating a market on All-In is an easy, guided process. The steps outlined below will detail how you can create a fully permissionless prediction market.
AI Agents are able to assist with the creation of the market to allow for unambiguous and clear market creation. If AI is able to assist with any of the steps below they will be marked ✨
The first step involves creating the market question. This question defines what your market is about, and it is essential that the question is clear, precise, and answerable by the specified resolution date.
Enter a clear question: For example, “Will OpenAI announce a raise in 2024?”
Avoid ambiguity: Ensure the question is factual and will have a clear, verifiable outcome before the resolution date.
Reference Market Rules: Adhere to the and avoid using subjective or moral value questions (e.g., “Is it right to do X?”).
Once you enter the question, provide a brief description that outlines how the market will resolve. This section should include specific information about what counts as a ‘Yes’ or ‘No’ outcome. For instance, in our example, the description could be:
“This market will resolve to ‘Yes’ if OpenAI announces that the company has raised additional capital before 31st December 2024 11:59PM UTC+00:00. The resolution source will be reliable news outlets that confirm the capital raise before the resolution date.”
This description will help users understand the conditions under which the market resolves and any specific rules applied.
Providing any relevant sources to the outcome (e.g., a YouTube channel, link to a YouTube/Twitch stream, news outlets, etc will allow for more precise resolution on settlement).
You must select a category for your market. Categorization will help other users navigate and find your market if it is relevant to their interests.
Upload a banner image to allow for customization of your market. DALL-E generated images may also be created using the market title and description. This may not have the best outcomes so it is advised to upload your own image relevant to the market title and description!
After specifying your question, you must configure the resolution details.
Choose a resolution date, which is the time when the market outcome is determined. The resolution date must be after the event in question but as close to it as possible. In our example market, the resolution date is 31st December 2024, after which the market will close, and the result will be finalized.
You can select one of three types of resolvers to determine the market outcome:
• UMA: The most common choice, UMA’s optimistic oracle system ensures decentralized and swift resolutions.
• Admin: A multisig-controlled address, initially a panel consisting of team members, which handles market resolution.
• Specific Address: You may choose any custom on-chain address for market resolution, allowing you to define a third-party resolver or even create private markets with custom agreements.
Be sure to select a resolver that fits the context of your market and instills confidence in participants.
Lastly, you have the option to make your market private by toggling the visibility option. Private markets can be restricted to users with the market URL, while public markets are open for anyone to bet on.
In this final step, you will set the initial parameters for your market:
Define the initial size (in USD) and the probability at which users can participate in the market. Choosing a price of 0.75c and betting "Yes" in the next step effectively translates to "I think this event has a 75% chance of occurring"
Likewise, choosing a 0.30c price and choosing "No" in the next step translates to "I think this event has a 30% chance of NOT occurring"
When you set the initial odds and size, you’re essentially starting the market with your prediction. This creates the foundation for others to join in. If someone else thinks your odds make sense and the market question & resolution terms are clear, they can jump in and take the other side of your bet. It’s all about finding someone who sees things differently, and that’s what makes these market work!
At this stage, you will also have the option to place your own bet. You can choose “Yes” or “No” based on your belief in the outcome and indicate how much you would like to stake.
Once all fields have been filled in, click the Final Step button to review your market. Ensure all details, including question clarity, description, resolution date, and resolver are correct before submitting the market for creation.
After this step, your market will be live, and participants can start placing their predictions!
By following this guide, users can easily create markets that comply with the platform’s guidelines and are attractive for prediction participants. For more details on specific terms, refer to the and pages.