Understanding Markets

What Are Crypto Betting Markets?

Crypto betting markets are platforms where people can bet on the outcomes of crypto-related events. Unlike traditional betting, these markets provide transparent and fair betting opportunities on crypto events.

BeeNBet Market Structure

Binary Markets

All BeeNBet markets are binary, meaning they have exactly two possible outcomes:

• Win: The event will occur
• Lose: The event will not occur

Market Lifecycle

1. Market Creation

• Team-Curated: Only BeeNBet team can create markets
• Clear Criteria: Each market has unambiguous resolution conditions
• Verifiable Sources: All events can be settled through trusted data

2. Betting Period

• Open Betting: Users can place bets
• Odds Discovery: Odds reflect market sentiment
• Locked Positions: Once placed, bets cannot be cancelled until resolution

3. Market Resolution

• Event Occurs: The real-world event takes place
• Oracle Verification: Trusted data source confirms the outcome
• Automatic Settlement: Smart contracts distribute payouts

Market Categories

Crypto Markets

• Price Predictions: "Will BTC reach $100,000 by 2024?"
• Market Cap Flips: "Will ETH overtake BTC in market cap?"
• Protocol Launches: "Will a major DeFi protocol launch this quarter?"

Sports Markets

• Game Outcomes: "Will Team A beat Team B?"
• Tournament Winners: "Who will win the championship?"
• Player Performance: "Will Player X score 30+ points?"

Global Events

• Elections: "Who will win the presidential election?"
• Policy Changes: "Will the new law pass?"
• Economic Indicators: "Will inflation exceed 5% this year?"

Technology Markets

• Product Launches: "Will Company X release their product this year?"
• Adoption Metrics: "Will the platform reach 1M users?"
• Technical Milestones: "Will the upgrade be completed on time?"

Market Mechanics

Share Pricing

• Initial Price: All shares start at 0.5 BNB
• Dynamic Pricing: Prices fluctuate based on supply and demand
• Market Efficiency: Prices reflect collective wisdom about outcomes

Liquidity

• Sufficient Liquidity: Markets have enough trading volume
• Price Stability: Large trades don't cause extreme price swings
• Fair Trading: All participants have equal access to markets

Resolution Sources

• Chainlink Oracles: For price data and market information
• Official APIs: For sports scores and election results
• Public Data: For verifiable information
• Team Verification: For events requiring manual confirmation

Market Examples

Example 1: Crypto Price Prediction

Market: "Will BTC reach $100,000 by 2024-12-31?"

Resolution: Chainlink BTC/USD price feed

Settlement: If BTC price ≥ $100,000, Yes shares win

Example 2: Sports Event

Market: "Will Team A win the championship?"

Resolution: Official league results

Settlement: If Team A wins, Yes shares win

Example 3: Global Event

Market: "Will the new policy be implemented?"

Resolution: Official government announcement

Settlement: If policy is implemented, Yes shares win

Market Analysis

Reading Market Sentiment

• Yes Share Price: Higher prices indicate more confidence in the event
• No Share Price: Higher prices indicate more confidence against the event
• Price Movements: Changes reflect new information or sentiment

Market Efficiency

• Information Aggregation: Markets combine all available information
• Collective Wisdom: Prices reflect the crowd's best estimate
• Efficient Pricing: Markets quickly incorporate new information

Trading Strategies

• Value Betting: Look for mispriced markets
• Information Trading: Use your knowledge advantage
• Arbitrage: Exploit price differences between markets

Market Safety

Transparent Rules

• Clear Criteria: All resolution conditions are public
• Verifiable Sources: All data sources are transparent
• No Manipulation: Smart contracts prevent market manipulation

Fair Settlement

• Automatic Resolution: No human intervention in settlement
• Equal Treatment: All participants face the same rules
• Immediate Payout: Winners receive funds automatically

Risk Management

• Position Limits: No single participant can dominate a market
• Liquidity Requirements: Markets must have sufficient trading volume
• Oracle Security: Multiple data sources prevent manipulation

Getting Started with Markets

1. Browse Available Markets

• Market List: View all open prediction markets
• Categories: Filter by event type (crypto, sports, etc.)
• Timeframes: See when markets will resolve

2. Analyze Market Details

• Event Description: Understand what you're betting on
• Resolution Criteria: Know how the market will be settled
• Current Prices: See what the market thinks

3. Make Your Decision

• Research: Gather information about the event
• Analyze: Consider all available data
• Decide: Choose Yes or No based on your analysis

4. Place Your Bet

• Connect Wallet: Use MetaMask or compatible wallet
• Buy Shares: Purchase Yes or No shares
• Confirm: Your position is now locked until resolution

Remember: All positions are locked until market resolution. Make sure you're comfortable with your decision before placing your bet.