Market creators are expected to act in good faith on their own markets and avoid taking advantage of loopholes or technicalities.

Creators are also responsible for keeping resolution criteria clear and up to date. If criteria turn out to be vague, or if real-world events make the original criteria no longer workable, creators should step in to clarify things so traders aren't left guessing.

Market states

Each market has three independent states that can be toggled by admins or moderators: Rejected, Pre-seed Failed, or Pre-seed Live.

Pre-seed Live markets

By default, all markets are Pre-seed Live.

A market may be changed to Rejected by admins or moderators if it falls into one of the cases below. If you're unsure why your market was rejected, feel free to ask via email [email protected].

Rejected markets are always considered failed, even if the toggle suggests otherwise.

Markets are typically rejected if they:

1. Are self-referential.
2. Resolve to something purely random or gambling-like, e.g. "Will I flip heads on a coin?".
3. Depend on private information only the creator or close friends can know, e.g. "Will I eat pizza tonight?".
4. Aren't meaningfully predictive.
5. Can never resolve, or could only ever resolve one way.

Exception

1. Does not trade on the market.
2. Does not give insider advantages to friends.
3. Provides clear, concrete evidence at creation time explaining how the market will resolve.

Markets that may be Rejected, Pre-seed Failed

We aim to be lenient and usually default to Pre-seed Live, which keeps a market accessible via direct link while removing it from discovery. In more serious cases, markets may be Pre-seed Failed or Rejected.