How it works

Six things, and you know the whole product. Predikon runs on Midas Chain testnet. Trading today uses a free test balance credited when you sign up, and markets are moving on-chain. Nothing here has cash value: there are no deposits or withdrawals of real funds. The mechanisms below are live.

1. 1

   Markets ask a real question

   Every market is a question with a verifiable answer — "Will X happen by Y?". Before trading opens, the resolution rules are locked in a binding clause (the DRS) you can read on every market page. Nobody, including us, can quietly change what counts as YES.

2. 2

   Prices are probabilities

   A YES share pays $1 if the answer is YES, $0 otherwise. If YES trades at 64¢, the market is saying "64% likely". Buy YES if you think the crowd is too low; buy NO if you think it's too high. Your maximum loss is what you paid — never more.

3. 3

   You trade against people, at live prices

   Orders match on a real order book; on quieter markets the house market-maker quotes both sides so there's always a price. The ticket shows your odds three ways (%, multiplier, American) and can size an order from a dollar budget.

4. 4

   Getting out is one tap

   Sell your position anytime at the best available price with one-tap close, or hold to resolution. Complete YES+NO pairs redeem for exactly $1 whenever you like.

5. 5

   Resolution is published, not proclaimed

   When the outcome is known, the ruling — with its evidence and who confirmed it — enters a tamper-evident public log, signed so you can verify it offline. Automated feeds can PROPOSE outcomes; only a human can confirm one.

6. 6

   Verify us — always

   The ledger's conservation is checked live on the Integrity Board; our own calibration record (how often our prices were honest) is public on the Accuracy page; and the sharp-money line shows where top-calibrated forecasters actually stand.

The flow, end to end

What actually happens between opening the site and being paid, in the order it happens.

1. 1

   Connect a wallet

   Predikon is non-custodial: your wallet is the account. Sign in with Midas, Google, a passkey or the wallet itself — either way, funds stay under your own address.

2. 2

   Get test tokens

   Midas Chain testnet uses test USDC with no cash value, and MIDS for gas. Both come from faucets, and neither has cash value.

3. 3

   Deposit to your vault

   An approve and a deposit move test tokens into the exchange's vault under your address. The vault is what an order spends from, and it is yours to withdraw at any time.

4. 4

   Sign an order

   An order is an EIP-712 signature: your price, your size, your fee ceiling. Nothing is transferred when you sign — the signature only authorises a trade at terms you set.

5. 5

   Settlement happens on-chain

   Two matching orders settle in one transaction on Midas Chain. The exchange recovers both signers from their signatures, moves the shares and the collateral together, and takes at most the fee your order allowed. There is no moment where a balance exists only in our database.

6. 6

   Resolution: bond, challenge, jury

   When the outcome is known, it is PROPOSED with a bond against the market's locked rules. A challenge window follows; a disputed proposal escalates to a jury. The ruling and its evidence enter a tamper-evident public log you can verify offline.

7. 7

   Redeem

   Winning shares redeem for $1 each; a complete YES+NO pair redeems for $1 at any time; a voided market returns matched sets pro-rata. Redemption is a chain transaction from your own wallet.