How Are Markets Created?

Overview

YC365's prediction markets are created through a systematic, role-based process that ensures transparency, fairness, and accuracy. Our platform combines automated smart contract deployment with human oversight to deliver high-quality prediction markets across multiple languages and regions.

Market Creation Ecosystem

🏗️ Platform Architecture Foundation

Smart Contract Infrastructure:

Factory Contract Set: Manages event and condition creation
LP Contract Set: Provides independent liquidity pools for each condition
DP Contract Set: Handles event publishing and initialization
Vault Contract Set: Manages user deposits and assets
Temporary Condition Contracts: Individual contracts for each market condition

Multi-language Support:

Global Accessibility: Markets available in 6 languages (English, Simplified Chinese, Traditional Chinese, Thai, Indonesian, Vietnamese)
Cultural Adaptation: Region-specific events and cultural considerations
Local Market Focus: Region-appropriate prediction markets

Role-Based Market Creation Process

📊 Phase 1: Data Entry and Management

Data Administrator Responsibilities:

Event Planning and Research:

Market Research: Analyze global and regional events for prediction potential
Community Interest: Evaluate user demand and engagement potential
Cultural Sensitivity: Consider regional preferences and cultural factors
Multi-language Preparation: Prepare event descriptions in multiple languages

Event Creation Process:

Event Definition: Create comprehensive event specifications
Binary Outcomes: Clear YES/NO outcome possibilities
Resolution Criteria: Unambiguous resolution standards
Timeline Setting: Appropriate duration for market activity
Global Relevance: Events with international or regional significance
Condition Management: Define specific market conditions
Outcome Parameters: Precise condition definitions
Measurement Criteria: Objective measurement standards
Verification Sources: Reliable outcome verification sources
Dispute Prevention: Clear criteria to minimize disputes
Tag and Category Assignment:
Event Types: Categorize by Sports, Politics, Economics, Technology, Entertainment
Regional Tags: Assign geographic and cultural tags
Difficulty Levels: Mark complexity for user guidance
Language Versions: Prepare tags in all supported languages
Data Validation and Quality Control:
Accuracy Verification: Cross-check event information
Consistency Review: Ensure consistent formatting and standards
Legal Compliance: Verify regulatory compliance across regions
Cultural Appropriateness: Ensure cultural sensitivity and appropriateness

Multi-language Content Management:

Primary Language: English as the base language
Translation Process: Professional translation for all supported languages
Cultural Adaptation: Adapt content for regional markets
Consistency Maintenance: Ensure consistent terminology across languages

🚀 Phase 2: Technical Deployment

Asset Administrator Responsibilities:

Smart Contract Deployment:

Contract Preparation: Set up market-specific smart contracts
Factory Contract Interaction: Use Factory contract for event/condition management
Temporary Condition Contract: Deploy individual condition contracts
Parameter Configuration: Set initial market parameters
Security Verification: Ensure contract security and functionality
Liquidity Initialization:
Initial Odds Setting: Configure starting probability odds
Liquidity Provision: Provide initial YES/NO token liquidity
Price Discovery: Enable price discovery mechanisms
Market Making: Establish initial market maker functions
Trading Enablement:
Order Book Setup: Initialize order book functionality
Trading Contract Integration: Connect with trading contract set
Fee Configuration: Set platform trading fees (0.15%)
Gas Optimization: Optimize gas fees for BSC transactions
Market Launch Process:
Final Testing: Complete pre-launch testing
Public Announcement: Announce market availability
Monitoring Setup: Establish real-time monitoring
Liquidity Monitoring: Track liquidity levels and trading activity

🌍 Phase 3: Global Market Management

Super Administrator Oversight:

Platform Configuration:

Fee Structure: Manage platform-wide fee settings
Revenue Distribution: Configure fee collection addresses
System Parameters: Set global platform parameters
Multi-language Settings: Oversee language and localization features

Quality Assurance:

Market Standards: Maintain consistent quality standards
Performance Monitoring: Track platform performance metrics
User Experience: Ensure optimal user experience across languages
Compliance Management: Ensure regulatory compliance across regions

Market Types and Categories

🏆 Global Markets

International Events:

World Sports: FIFA World Cup, Olympics, Formula 1
Global Politics: US Elections, Brexit outcomes, International treaties
Economic Indicators: Global GDP, Cryptocurrency milestones, Major IPOs
Technology: Product launches, Scientific breakthroughs, Space missions

Characteristics:

High Liquidity: Substantial platform-provided liquidity
Multi-language Support: Available in all 6 supported languages
Extended Duration: Typically weeks to months
Professional Management: Direct platform oversight

🌏 Regional Markets

Asia-Pacific Focus:

Local Elections: Regional political events
Cultural Events: Traditional festivals, Local entertainment awards
Economic Data: Regional GDP, Local market performance
Sports Events: Regional leagues, Local championships

Language-Specific Markets:

Chinese Markets: Focused on Greater China region
Thai Markets: Thailand-specific events
Indonesian Markets: Indonesia-focused predictions
Vietnamese Markets: Vietnam-regional events

Characteristics:

Cultural Adaptation: Tailored to local interests and customs
Regional Languages: Primary language support for target region
Local Expertise: Regional experts involved in creation
Community Driven: High community participation

💼 Specialized Markets

Technical Markets:

Blockchain Events: Protocol updates, Network upgrades, DeFi milestones
Financial Markets: Stock performance, Economic indicators, Crypto prices
Technology Releases: Software launches, Hardware releases, Feature rollouts

Community Markets:

User-Proposed: Community-submitted market ideas
Niche Topics: Specialized interest areas
Experimental: Test new market formats and types

Market Creation Standards

📋 Quality Requirements

Technical Standards:

Smart Contract Security: All contracts must pass security audits
BSC Compatibility: Full compatibility with Binance Smart Chain
Gas Optimization: Efficient gas usage for all transactions
Scalability: Support for high trading volumes

Content Standards:

Clear Language: Unambiguous market questions and criteria
Objective Criteria: Verifiable resolution standards
Cultural Sensitivity: Appropriate for all supported regions
Legal Compliance: Compliant with relevant regulations

User Experience Standards:

Multi-language Accessibility: Available in all supported languages
Mobile Optimization: Full mobile device compatibility
Intuitive Interface: Easy-to-use trading interface
Real-time Updates: Live price and volume data

🔒 Security and Compliance

Technical Security:

Contract Audits: Professional security audits for all smart contracts
Code Review: Multiple-party code review process
Testing Protocols: Comprehensive testing before deployment
Monitoring Systems: Real-time security monitoring

Regulatory Compliance:

Multi-jurisdiction: Compliance across supported regions
Legal Review: Legal assessment for each market type
User Protection: Strong user protection measures
Transparency: Full transparency in market operations

Market Lifecycle Management

🔄 Creation to Resolution Process

Pre-Launch Phase (Data Administrators):

Market Research: Identify suitable events for prediction markets
Event Creation: Create detailed event specifications
Multi-language Preparation: Prepare content in all supported languages
Quality Review: Comprehensive quality and compliance review

Deployment Phase (Asset Administrators):

Contract Deployment: Deploy smart contracts on BSC
Liquidity Setup: Establish initial liquidity pools
Testing Verification: Final testing and verification
Market Launch: Public market availability

Active Trading Phase:

Liquidity Management: Monitor and adjust liquidity as needed
Performance Monitoring: Track trading activity and user engagement
Support Operations: Provide user support in multiple languages
Quality Maintenance: Ensure continued market quality

Resolution Phase (Asset Administrators):

Outcome Verification: Verify event outcomes using reliable sources
Result Publishing: Publish results to oracle systems
Settlement Execution: Execute automatic settlement process
User Communication: Notify users in their preferred language

📊 Performance Metrics

Market Success Indicators:

Trading Volume: Total trading activity
User Participation: Number of active traders
Liquidity Depth: Market liquidity levels
Resolution Accuracy: Successful resolution rate
User Satisfaction: User feedback and ratings
Multi-language Engagement: Activity across different language communities

Quality Metrics:

Dispute Rate: Frequency of market disputes
Resolution Time: Speed of market resolution
Technical Performance: System performance and uptime
User Retention: User return and engagement rates

Global Accessibility Features

🌐 Multi-Language Support

Language Features:

Dynamic Switching: Real-time language switching
Cultural Adaptation: Region-specific content and features
Local Payment Integration: Regional payment method support
Time Zone Optimization: Local time zone displays

Regional Customization:

Cultural Events: Region-specific prediction markets
Local Sports: Regional sports leagues and events
Economic Indicators: Local economic data and metrics
Regulatory Compliance: Region-specific compliance features

📱 Platform Accessibility

Device Compatibility:

Mobile Optimization: Full mobile device support
Cross-browser: Compatible with all major browsers
Responsive Design: Adaptive interface for all screen sizes
Accessibility Standards: WCAG compliance for accessibility

User Experience:

Intuitive Navigation: Easy-to-use interface design
Visual Feedback: Clear visual indicators and feedback
Performance Optimization: Fast loading and response times
Help Resources: Comprehensive help documentation in all languages

Innovation and Future Development

🚀 Planned Enhancements

Advanced Market Types:

Multi-Outcome Markets: Beyond binary YES/NO outcomes
Conditional Markets: Markets dependent on other outcomes
Continuous Markets: Real-time value prediction markets
Synthetic Markets: Complex financial instrument predictions

Technology Improvements:

AI-Powered Creation: AI-assisted market creation and validation
Advanced Analytics: Enhanced market analytics and insights
Cross-chain Integration: Multi-blockchain market support
Layer 2 Solutions: Scaling solutions for increased throughput

Global Expansion:

Additional Languages: Japanese, Korean, Hindi, Arabic support
Regional Partnerships: Local partnerships for market creation
Cultural Expansion: Broader cultural event coverage
Regulatory Adaptation: Enhanced regulatory compliance tools

🤝 Community Involvement

User Participation:

Market Suggestions: User-proposed market ideas
Community Voting: Democratic market approval process
Feedback Integration: User feedback in market improvement
Quality Assessment: Community quality rating systems

Expert Collaboration:

Domain Experts: Subject matter expert involvement
Regional Specialists: Local market experts
Cultural Consultants: Cultural appropriateness advisors
Technical Advisors: Blockchain and platform experts

YC365's market creation process combines cutting-edge blockchain technology with human expertise to deliver high-quality, globally accessible prediction markets. Our systematic approach ensures that every market meets our standards for security, fairness, and user experience while serving our diverse, multilingual community.

Through our role-based creation process and multi-language support, we create prediction markets that are not only technically robust but also culturally relevant and accessible to users worldwide.