Question 1

What is SI Predict?

Accepted Answer

SI Predict is a next-generation prediction market platform licensed by Sports Illustrated that lets you trade on the outcome of real-world events. It's an intuitive, blockchain-powered exchange where users buy and sell shares in answer to yes-or-no questions about sports, politics, pop culture and more. Unlike traditional betting, SI Predict is **peer-to-peer** - you're trading against other users in an open market, not against a 'house.' This means prices are driven by supply and demand from all participants, reflecting the crowd's collective opinion on the likelihood of each outcome. The platform is built on the **Truth Network** blockchain for transparency and runs 24/7, so you can make predictions any time, day or night.

Question 2

How does a prediction market work?

Accepted Answer

A prediction market operates very much like a stock market - but instead of stocks, you're trading outcome shares of an event. Each event is posed as a yes/no question (for example, 'Will Team A make the playoffs?'). If you think the answer is yes, you buy **'Yes' shares**; if you think the answer is no, you buy **'No' shares**. The price of a share (in USDC, a stablecoin pegged to the US dollar) ranges from $0 to $1 and reflects the market's perceived probability of that outcome. These shares can be bought and sold at any time. For instance, if a 'Yes' share is trading at $0.65, the market believes there's a 65% chance of the event happening. If the event indeed happens and resolves 'Yes,' each 'Yes' share pays out $1; if not, those shares expire worthless. Essentially, you profit by buying low and selling high or by holding winning shares until resolution. This crowd-driven pricing gives a live forecast of the event's odds, and you can trade in and out at any time before the market resolves.

Question 3

How is SI Predict different from traditional sports betting?

Accepted Answer

While SI Predict taps into the excitement of speculating on sports and events, it isn't a traditional sportsbook. There's no bookmaker setting odds or taking a cut of losses. Instead, SI Predict provides a **marketplace** where users trade directly with each other on event outcomes. This has a few key advantages:

- **Peer-to-Peer Trading**
  All trades occur between users, not against the platform. SI Predict itself does **not act as the 'house'**, meaning it doesn't take the opposite side of your position. You're leveraging the wisdom of the crowd, not betting against a casino.

- **Dynamic Odds**
  Prices (odds) move organically based on user activity. If new information breaks or public sentiment shifts, the price adjusts in real time. You're free to **buy or sell at any point** before resolution to lock in profits or cut losses, offering more flexibility than a fixed bet.

- **Curated Markets**
  SI Predict focuses on legally compliant and creative propositions adjacent to sports and current events, rather than straightforward game outcomes. For example, you might predict *if a star player will be traded this season or what song a halftime performer will sing*, rather than betting on who wins a game. This keeps the experience fun and engaging without the regulatory complexity of traditional sports wagers.

- **No House Edge**
  There are no hidden 'house odds' skewing the payouts. Aside from a small trading fee (if applicable) or minor network fees, the payout structure is transparent - winning shares always redeem at $1.00. This transparency and fairness set prediction markets apart from conventional betting.

Question 4

Is SI Predict legal and who can use it?

Accepted Answer

SI Predict is built within a **secure, regulatory-compliant framework** to ensure legality and fairness. Markets are carefully chosen and worded by a compliance board to avoid regulated gambling products, meaning SI Predict steers clear of wagers that would require a gambling license. Because users trade stablecoin tokens rather than place traditional bets, and outcomes are verified via a decentralized network, SI Predict occupies a compliant niche that allows broad participation. All users must be at least 18 years old (or legal age in their jurisdiction) and, if using fiat payments, complete identity verification (KYC) through our partner **MoonPay**. SI Predict is available globally in jurisdictions where prediction markets and crypto trading are permitted. (*If you are in a location with restrictions on online gambling or crypto transactions, you may be unable to use the platform - the KYC process will inform you of any such restrictions.*) By ensuring every user is verified and every market is vetted for compliance, SI Predict provides a safe and legal environment for participants around the world.

Question 5

Do I need cryptocurrency experience or a crypto wallet to use SI Predict?

Accepted Answer

No **crypto experience** is required to onboard and start predicting - SI Predict is designed to be friendly to everyone, even if you've never used a blockchain before. When you sign up, the platform will guide you through creating or connecting a digital wallet (this holds your funds and outcome shares). All trading on SI Predict uses **USDC**, a stable digital currency equal in value to 1 US dollar, so you won't deal with volatile crypto coins. Thanks to our MoonPay integration, you can **deposit funds with a credit card or bank transfer in your local currency**, and MoonPay will seamlessly convert it to USDC for you. The actual blockchain mechanics happen under the hood. You'll see your balance in USD terms, place trades with a few clicks, and generally interact as if you were using a standard app. SI Predict handles all the complex blockchain transactions behind the scenes - think of it like using an online brokerage where you might not see the clearinghouse processes. In short, you don't need any special software or prior crypto knowledge. A quick verification and funding process is all it takes to start predicting on SI Predict.

Question 6

When can I trade on SI Predict?

Accepted Answer

Anytime! There are **no fixed trading hours** on SI Predict - the platform operates 24/7. Because it's built on the Truth Network blockchain rather than a traditional financial exchange, SI Predict is always online and global. Whether it's the middle of the night or a weekend, the markets are open. This means you can respond to news or events immediately. For example, if a breaking news story might affect a market's outcome, you don't have to wait for an 'opening bell' - you can log in and trade straight away. Continuous operation also allows for live trading during events (up until the market's cutoff time). Keep in mind that while markets are generally open around the clock, each market will have a scheduled **closing time** (for accepting new trades) based on when the outcome will be determined. After that point, trading stops until the result is resolved. But beyond those individual market deadlines, the platform itself never sleeps - you can manage your portfolio or enter new positions on other open markets at any time.

Question 7

What do I need to get started on SI Predict?

Accepted Answer

Getting started is simple. Here's a quick checklist:

1.  **Sign Up:** Visit the SI Predict website (or app) and create an account. You'll be guided through setting up a secure digital wallet (if you don't have one already) to hold your USDC funds and prediction shares.
2.  **Verify Your Identity:** If using fiat payments, you'll complete the one-time KYC (Know Your Customer) process via MoonPay by providing a valid ID and any other required information. This step is mandatory to comply with regulations and prevent fraud.
3.  **Fund Your Wallet:** Add funds using MoonPay's fiat on-ramp. You can use a debit/credit card or bank transfer to purchase USDC, which will be deposited directly into your SI Predict wallet. (If you already have USDC in an external crypto wallet, you may also transfer it into SI Predict's network see **KYC & Custody** for details.)
4.  **Pick a Market:** Browse the available markets and select one that interests you. Markets are categorized (Sports, Politics, Entertainment, etc.) and each will have a description and the current price for 'Yes' and 'No' shares.
5.  **Place Your Trade:** Choose your outcome (Yes or No) and enter the amount you want to stake (in USDC). The interface will show how many shares you'll get and the potential payout. Confirm the trade to execute it. Your shares will appear in your portfolio instantly.
6.  **Watch and Manage:** Once your trade is placed, you can watch the market as it updates in real time. You have the flexibility to sell your shares before the event concludes if you change your mind or want to secure profit. Otherwise, hold your position and wait for the market to resolve.
7.  **Collect Results:** After the event, the market will resolve (usually shortly after the outcome is known). If you held shares in the correct outcome, you can redeem each share for $1 in USDC (profits will reflect in your wallet balance automatically in most cases). If you held the incorrect side, those shares expire worth $0. You're then free to withdraw your winnings or reinvest in other markets as you like.

That's it! **Sign up, verify, fund, and start trading.** The platform is built to make this process as smooth as possible, guiding new users step by step.

Question 8

Can I lose money on SI Predict?

Accepted Answer

Yes. Like any trading or wagering platform, SI Predict involves financial risk. If your predictions are incorrect, you can lose some or all of the money you put in those trades. For example, if you buy shares of an outcome that doesn't happen (and you don't sell out before the market resolves), the value of those shares will drop to zero. Even if you change your mind or the odds move against you, selling shares for less than you paid will realize a loss. Additionally, if you provide liquidity (pool funds for others to trade against), you can incur losses due to market price shifts (see **Liquidity** section for details). It's important to only risk funds you can afford to lose and to understand that no outcome is guaranteed. While prediction markets can be profitable and informative, they are not a sure thing - essentially, you're trading on uncertain events. SI Predict encourages responsible use: monitor your positions, consider setting limits for yourself, and view the activity as a form of engagement and insight rather than a guaranteed money-maker. If you ever feel the need to step back, the platform supports responsible trading breaks. Remember, the goal is to have fun and possibly profit from your knowledge, but never assume a zero-risk environment.

Question 9

What kinds of markets are offered on SI Predict?

Accepted Answer

SI Predict offers a wide array of markets focusing on sports and other trending real-world events. The twist is that markets are often about **'lifestyle moments' and trends adjacent to live sports** rather than direct game scores. You can expect questions on topics like player trades and signings, season awards, off-field news, sports pop culture, and other interesting propositions that sports fans debate. For example: '*Will a certain star player be traded before the deadline?', 'Will the championship parade for Team X have over 1 million attendees?', or 'Will a popular athlete announce retirement this year?*'. Beyond sports, you might find markets on major **political events** (e.g. election outcomes or policy decisions) and **pop culture** happenings (celebrity news, award shows, etc.), since SI Predict isn't limited strictly to sports. Each market will clearly state the question, the possible outcomes (Yes/No), and any specific conditions or time frames. This variety means there's something for everyone - whether you're a die-hard sports fan, follow politics, or keep up with entertainment buzz, you can put your insights to use on SI Predict.

Question 10

Who creates the markets on SI Predict? Can I create my own market?

Accepted Answer

All markets on SI Predict are **created and curated by the SI Predict team** - individual users cannot create their own markets. A dedicated Compliance Board reviews and selects market questions to ensure they meet legal, ethical, and quality standards. This curation process means every listed market has been vetted for clarity (the outcome can be unambiguously determined), relevance, and compliance with regulations. User-generated markets are not allowed, primarily to maintain this high standard and to avoid the pitfalls seen in unregulated prediction platforms (for instance, markets that are overly speculative, inflammatory, or legally problematic). While you can't directly create a market, SI Predict welcomes user suggestions and feedback. If there's a topic you're passionate about, you can often suggest it through community channels, and the team may consider it if it fits the platform's criteria. Overall, curated markets ensure a **trusted experience** - you don't have to worry about scammy or inappropriate questions, and you can be confident that each market's rules are clearly defined from the start.

Question 11

Why does SI Predict curate markets instead of letting users create them?

Accepted Answer

The decision to curate markets through a compliance board is about **safety, legality, and quality**. By controlling market creation, SI Predict can:

* **Ensure Legality:** The compliance team makes sure that every market stays on the right side of the law (e.g., avoiding markets that could be considered illicit gambling, insider trading, or otherwise forbidden). This protects users and the platform from legal risk.
* **Maintain Clarity:** Each market is carefully worded so that the outcome is clear-cut and based on publicly verifiable information. This avoids confusion or disputes later. (For example, a market will specify the source of truth for an outcome, like an official league announcement or government report, so everyone knows what constitutes a 'Yes' or 'No' result.)
* **Promote Fair Play:** Curated markets prevent unethical scenarios such as users creating malicious markets or ones that could be influenced by the market creator. All traders have equal information about the market's terms.
* **Provide Quality Content:** The SI Predict team can focus on markets that are interesting, timely, and valuable to the community. This might include major sporting storylines, significant political events, or fun cultural phenomena - rather than a long tail of obscure questions. Essentially, it keeps the platform's offerings relevant and engaging.
* **Avoid Conflicts of Interest:** In some open platforms, a user could create a market and also have the ability to affect its outcome (intentionally or unintentionally). SI Predict eliminates that risk by keeping market creation in-house, separate from trading activity.

In short, curated markets create a **trusted environment** where users can trade with confidence, knowing that each market has been put through a rigorous approval process.

Question 12

What information is provided for each market?

Accepted Answer

For every market on SI Predict, you'll find a **market description** page that includes all the key details you need to participate knowledgeably. This typically includes:

* **The Question:** The exact phrasing of the yes/no proposition (e.g., 'Will [Event] happen by [Date]?').
* **Outcomes:** The two possible outcomes (Yes and No). In some cases, markets could have multiple choices, but the vast majority are binary.
* **Current Price/Probability:** The live price for a Yes share and a No share. You might see these as percentages or as USDC values (e.g., Yes at $0.40, No at $0.60). These indicate the market's consensus probability (40% chance of Yes in this example).
* **Market Volume and Liquidity:** How much trading volume the market has and how much liquidity is available (this tells you how active the market is and how easily you can buy/sell shares).
* **Time Frame/Expiry:** The deadline or date when the event outcome will be decided. It will specify when the market **closes to new trades** (often just before the event or decision) and when resolution is expected.
* **Resolution Criteria:** Crucially, the page will explain **how the outcome will be determined**. It might cite an official source or rule. For instance, 'Resolution source: The official announcement by [League/Event Organizer]' or 'Yes if X happens by 11:59 pm UTC on Dec 31, 2025; No otherwise.' These criteria remove ambiguity.
* **Additional Rules:** Any edge cases or special conditions are noted. For example, if the question is 'Will X happen by date Y?' there might be a note on what happens if Y passes without a clear outcome (usually that would result in a No). If a sports-related event is postponed or a player doesn't participate, the rules will clarify how the market is handled.
* **Background Info (if applicable):** Some markets include a bit of context or reference links to help users understand the event (especially for news or political markets).

All this information is there to help you make an informed trade. Before trading, it's wise to read the market description so you fully understand what you're predicting on and how it will be settled.

Question 13

Can markets be canceled or voided? What happens if an event doesn't take place as planned?

Accepted Answer

SI Predict's compliance team strives to avoid situations where a market can't be resolved, but unforeseeable scenarios can occur (for example, an event is canceled or no clear outcome occurs by the stated deadline). If such a case arises, the market may be **voided (declared invalid)** to protect users. Voiding a market means all traders get their staked funds back for that market - essentially it's as if the market never happened, so no one wins or loses money. This typically happens only if the resolution criteria can't be met or would be unfair. For instance, if a question was 'Will Player X hit a home run in the championship game?' and that game is never played (say, due to a season cancellation), there's no outcome; the market would likely be voided and all shares refunded. SI Predict will always communicate if a market is voided, and the resolution description usually outlines what conditions trigger an invalid result. It's worth noting that voiding is **rare** - thanks to careful market design, most markets reach a definitive Yes or No outcome. But rest assured, if a market can't be fairly resolved, your funds aren't at risk on a coin flip; they'll be returned to you.

Question 14

How often are new markets added?

Accepted Answer

New markets are added regularly, often driven by the sports calendar and news cycle. You'll typically see a surge of new markets around major events (for example, before a big championship, an awards ceremony, a major political election, etc.). The SI Predict team monitors upcoming events and trending topics to keep the market selection fresh. In the realm of sports, as seasons progress and storylines develop, new proposition markets will appear (and some older ones will resolve and retire). Generally, you can expect new markets **weekly** - possibly even daily during very active periods - so there's always something new to predict. If you've signed up for updates, SI Predict may send notifications or emails about **featured markets** or big new questions going live, so you don't miss out. Additionally, a **calendar or 'Coming Soon' section** might be available, giving a preview of markets that will open in the near future. The goal is to continually offer engaging questions as current events unfold, so check back frequently to see what's new!

Question 15

How do I make a trade on SI Predict?

Accepted Answer

Trading on SI Predict is straightforward and user-friendly. Here's how it typically works, step by step:

* **Select a Market:** First, choose an event market you want to participate in. For example, let's say the market is 'Will Player A be the league MVP this season?'.
* **Choose Your Outcome (Yes or No):** Inside the market, you'll see two options corresponding to the possible outcomes (Yes and No). Each option shows a current price. Let's say 'Yes' is priced at $0.30 (30¢) and 'No' at $0.70 (70¢). If you believe Player A will indeed win MVP, you would look to buy **Yes shares**.
* **Enter Your Trade Amount:** Decide how much money (USDC) you want to put behind your prediction. Suppose you want to spend 100 USDC on your trade. If 'Yes' costs $0.30 per share, 100 USDC would buy you roughly 333 shares of 'Yes' (minus any small fees). The interface will calculate and show the number of shares you'll get and the potential payout if you're correct.
* **Review the Trade:** The platform will usually display an order summary. For instance: 'Buying 333 shares of 'Yes' at $0.30 for a total of 100 USDC. Max payout if 'Yes' wins: 333 USDC.' You'll also see any fee (if applicable) and the price impact if your trade is large (large orders can move the price).
* **Execute the Trade:** Confirm the transaction. If you have sufficient USDC in your wallet, the trade will be executed immediately (market order). In an AMM-style system, your trade is instant; in an order book system, it might wait for a matching order, but SI Predict abstracts most complexity so typically it feels instantaneous.
* **See Your Position:** After trading, your position will appear in your portfolio or the market page, showing how many shares of each outcome you hold. You'll also see an updated **average buy price** for your shares and unrealized profit/loss based on the current market price. Note that exact positions may vary slightly from what is expected based on slippage. Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed due to market factors.
* **Managing the Trade:** You can hold the shares until the market resolves (if you're confident in the outcome), or you can **sell them at any time** before resolution to either take profit or cut losses. Using the above example, if Player A starts performing well and the price of 'Yes' rises to $0.60 later in the season, you might choose to sell some or all of your 333 shares at the higher price. You'd get $0.60 * 333 \approx 199.8$ USDC turning a profit (since you originally paid 100 USDC). Conversely, if he performs poorly and 'Yes' drops to $0.15, you could sell to salvage some funds ($0.15 * 333 \approx 50$ USDC), or hold and hope for a turnaround.
* **Await Outcome:** If you hold until resolution, the outcome will be decided (Yes or No). If you held shares in the correct outcome, you'll receive 1 USDC per share. If you held the wrong side, those shares end up worthless and you lose the amount you spent on them. The platform will handle the payout automatically, crediting your wallet with any winnings.

That's the trading process in a nutshell: pick a side, name your stake, and confirm. The key is that you can always trade **in and out** of positions - you're never locked in until the end unless you choose to be.

Question 16

What currency is used for trading?

Accepted Answer

SI Predict uses **USDC** for all trading activity. USDC is a popular **stablecoin**, which is a type of cryptocurrency designed to maintain a 1:1 value with the US Dollar. By using USDC, SI Predict ensures that the value of your funds is stable and easy to understand - 1 USDC is always intended to be roughly equal to 1 US dollar. This has several benefits:

* **No Volatility in the Currency:** Unlike Bitcoin or other volatile cryptocurrencies, USDC's value doesn't swing with market speculation; it stays pegged to USD. So if you have 100 USDC, it's like having $100 in terms of spending power. This means when you trade on events, the only thing changing in value is your prediction itself, not the currency holding your funds.
* **Easy Accounting:** Profits and losses are clear in dollar terms. If you make a profit of 10 USDC, that's roughly $10 profit. This makes understanding your portfolio and performance straightforward.
* **Fast Transactions:** USDC is a digital asset on the blockchain (in this case, on the Truth Network chain that underpins SI Predict). It allows 24/7 fast transfers without relying on banks. When you trade, USDC moves in the smart contracts to buy your outcome shares or to pay you out - all automatically.
* **Widely Accessible:** USDC can be acquired easily via MoonPay on the platform, and it's also available on many other crypto exchanges. So if you already use crypto, you can obtain USDC and bring it to SI Predict; if you're new, MoonPay will convert your fiat currency to USDC seamlessly during deposit.

In summary, all bets, trades, and payouts on SI Predict are done in USDC. You won't need any other cryptocurrency for participation, and you don't deal in traditional cash on the platform itself - once you're in, everything is denominated in USDC for consistency.

Question 17

Why USDC and not regular USD or other currencies?

Accepted Answer

Using USDC stablecoin combines the familiarity of the US dollar with the technical advantages of crypto. Regular USD (like the money in your bank) can't directly move on a blockchain - it requires banks and payment processors (which only work during business hours, weekdays, etc.). By converting USD to USDC, SI Predict enables **instant, round-the-clock transactions** in a digital form. Other currencies or coins (like EUR, BTC, etc.) aren't used on SI Predict because the platform wants a single liquid currency for all markets to avoid fragmentation. USDC, being dollar-pegged, is accessible and stable for a global user base, whereas using a volatile coin would add extra risk (your betting currency value could change independently of your bets). Moreover, USDC is one of the most trusted stablecoins, with reserves backing it, which adds confidence that 1 USDC really equals $1. So, practicality and user protection are the reasons USDC is the exclusive currency on SI Predict.

Question 18

Are there any fees for trading on SI Predict?

Accepted Answer

SI Predict's goal is to offer a low-friction trading experience. **There are no fees to simply open an account or browse markets**. When it comes to trading, the platform may charge a small fee on each transaction - this could be a tiny percentage of your trade or a spread that's built into the buy/sell price. (For example, you might notice you pay slightly above the current market price when you buy, and sell slightly below it; that difference can include a platform or liquidity provider fee.) Any such fee will be transparently shown in the trade confirmation before you finalize a transaction. Additionally, because trading happens on a blockchain, there are sometimes **network 'gas' fees**, but on the Truth Network these are designed to be minimal (and often the platform covers them or batches transactions to make them negligible for the end-user).

To illustrate, if you buy 100 USDC worth of shares, and there's a 1% trading fee, you'd pay 1 USDC in fee (embedded in the trade) and 99 USDC would go into the shares you're purchasing. If SI Predict uses an Automated Market Maker model, a portion of that fee might go to liquidity providers (the users or entities who supplied funds to the market) as their reward, and a portion to the platform for maintenance. In some cases, SI Predict might run promotions with **zero trading fees** to encourage activity (some platforms do this), but generally expect a small fee per trade.

There are also fees associated with the **fiat on-ramp/off-ramp** via MoonPay. MoonPay will charge a processing fee when you buy USDC with a credit card or cash out USDC to your bank. Those fees are set by MoonPay and will be disclosed at the time of transaction (often a percentage of the amount, plus maybe a flat card fee). These are external to SI Predict's trading itself.

Always check the fee information given during deposit or trade confirmation so you know the cost. SI Predict is committed to keeping fees competitive and transparent. There are *no hidden monthly fees or subscription costs* - you only pay small fees as you trade or move money in/out.

Question 19

Can I sell my position before a market resolves?

Accepted Answer

Yes, absolutely. One of the key advantages of SI Predict (and prediction markets in general) is that you are **not locked in** until the outcome. You can exit your position at any time by selling your shares to other traders. This means if you've made a profit on paper or you have second thoughts about your bet, you can realize those gains or cut your losses early. For example, suppose you bought shares saying 'Team B will win the championship' at $0.40 each. Later, Team B's chances improve and those shares rise to $0.70. You might choose to sell at $0.70 to secure profit rather than waiting to see if they actually win the championship. Conversely, if things aren't looking good and the price falls to $0.20, you might sell to reclaim some funds and avoid a total loss if you believe the outcome is now unlikely.

Selling early can be done through the same market interface: you'd select the opposite side of your current position (effectively selling your shares to someone else who wants to buy in). On some platforms this is as simple as hitting a 'Sell' button and entering how many shares (or how much USDC worth) you want to sell. As long as there are buyers in the market (or liquidity in the pool), your sale will execute at the prevailing price. Keep in mind the price might have moved since you bought, so you'll receive the current market price, not necessarily the exact price you initially paid.

By allowing early selling, SI Predict lets you **manage your risk** and strategy actively. You're free to take profits if an event is going your way, or to get out if new information changes your outlook. This flexibility is a big difference from a traditional bet or lottery, where you have to wait until the end no matter what. Many successful traders will continually reassess and sometimes flip sides or exit based on news, effectively **trading the market like a stock**. It's entirely up to you - you can be hands-off and hold to expiration, or trade **in and out** as you please.

Question 20

Who am I trading with? Does SI Predict take the other side of my trades?

Accepted Answer

When you trade on SI Predict, you are trading with other participants in the market, not with SI Predict itself. SI Predict simply provides the platform (the marketplace) and the rules; it does not gamble against you. So if you buy 100 'Yes' shares, essentially other users (or the market's liquidity pool funded by users) are selling you those shares. In a very real sense, every dollar you might win is coming from someone who took the opposite view and put their money on 'No', and vice versa.

To break it down: if outcome Yes wins, all the Yes share holders get paid out from the pooled funds that came from the No share holders (who lose their stake), making it a balanced system. SI Predict itself doesn't contribute money to payouts (beyond perhaps seed liquidity to kickstart markets); it just matches buyers and sellers and holds the funds in escrow via smart contract until resolution. This **peer-to-peer trading** model means the platform has no vested interest in the outcome of any market - it doesn't matter to SI Predict who wins or loses a particular bet, since the platform earns fees from facilitating trades regardless of outcome, not from betting against users.

In practical terms, you might not directly see or negotiate with the person on the other side of your trade. The platform's matching engine or automated market maker will ensure that if you want to buy, it finds someone (or a portion of the liquidity pool) to sell to you instantly. But it's useful to remember that it's a community of users collectively setting the prices. You're effectively trading **against the consensus of other traders**. If you're right and they're wrong, you profit (from them), and if they're right and you're wrong, they profit (from you). This dynamic creates a fair, self-correcting market.

Question 21

What determines the price of a share?

Accepted Answer

The price of a prediction share on SI Predict is determined by **market forces - supply and demand** - just like a stock price. If more people are buying an outcome, the price of that outcome's shares will go up. If more are selling or buying the opposite side, the price will go down. At any given moment, the price reflects the collective probability the market assigns to that outcome. For example, a $0.25 price on 'Yes' roughly means traders see a 25% chance of that outcome happening. If new information comes out that favors 'Yes', more traders will want to buy **Yes shares**, pushing the price toward $0.50, $0.60, etc., closer to 100% as confidence grows. Conversely, if events make 'Yes' look less likely, people may start selling, and the price could drop.

In the background, SI Predict uses an **Automated Market Maker (AMM)** model, so there is a formula that adjusts prices based on the ratio of funds in the Yes vs No pools. Buying Yes puts more weight on the Yes side, making subsequent Yes shares a bit more expensive (and No a bit cheaper) and vice versa.

It's also important to note that prices will converge to either $1 or $0 at the end of the market. As the closing time nears and if an outcome becomes nearly certain, its price will trend toward $1 (and the opposite outcome toward $0). For instance, if a team has clinched a championship, 'Yes' on 'Will they win the championship?' might trade at $0.99 because it's almost guaranteed. Similarly, a nearly impossible outcome trades at pennies on the dollar. Until the event is decided, however, prices fluctuate with sentiment and news.

In summary, **the crowd sets the price**. Every trade is effectively someone saying 'I think this outcome is more likely than the current price implies' or 'less likely'. Through many such opinions and trades, the price finds an equilibrium that represents the group's best guess at the odds.

Question 22

Is there a limit to how much I can trade or win?

Accepted Answer

SI Predict generally allows a wide range of trade sizes. However, practically, each market has a certain amount of **liquidity** - that is, funds available for trading. If you try to bet an extremely large amount on a smaller market, you might move the price a lot or not find enough shares to buy at the current price. The platform interface will usually show if your intended trade is larger than the market can absorb at once. In such cases, you might still be able to place the trade, but the price you pay will slide up (if buying) or down (if selling) to meet the available liquidity.

As for withdrawals, your chosen exchange where you deposit your USDC (e.g. Coinbase) might have daily or monthly limits for how much fiat you can convert, based on your verification level. For instance, initially you might be limited to withdrawing say $5,000 a day (converted from USDC to your bank) unless you provide additional KYC info for higher limits. This is typical for anti-money laundering compliance.

Question 23

What is liquidity and why is it important in prediction markets?

Accepted Answer

In simple terms, **liquidity** refers to how easily you can buy or sell in a market without causing a big change in price. A market with high liquidity has lots of participants and funds available, so large trades can happen smoothly at prices close to the current market price. A low-liquidity market, on the other hand, has fewer counterparties or funds available, so even modest trades might move the price a lot or take time to fill.

Here's an analogy: think of a market's liquidity like the size of a pool of water. If you toss a stone (make a trade) into a small bucket of water, it will create a big splash (a big price impact). But if you toss the same stone into an Olympic-sized swimming pool, the ripple is barely noticeable. Likewise, a highly liquid market can absorb large trades with minimal price change, whereas a thin market will see the price swing sharply from relatively small trades.

Liquidity is crucial for a good trading experience because it ensures **fair pricing and easy entry/exit**. When liquidity is high, **the bid-ask spread** (difference between buy price and sell price) is narrow, meaning you get a price very close to the true market consensus. You can also trade whenever you want without worrying that your action will distort the odds too much. For example, if a market on SI Predict has a lot of liquidity, you might buy $500 of shares and see the price move only a cent or two. In a low-liquidity market, the same $500 might move the price by $0.10 or more, meaning you end up with a worse price for part of your order.

Question 24

Who provides liquidity on SI Predict?

Accepted Answer

Liquidity on SI Predict is provided by a combination of **the platform's pools and its users (or market makers)**. When a new market is created, SI Predict may seed it with some initial liquidity (funds on both Yes and No sides) to get things started so the first traders can buy/sell without huge slippage. Beyond that, **any user can add liquidity** to a market by committing USDC into the market's liquidity pool (if they choose to - providing liquidity is typically optional and for more advanced users).

SI Predict's system uses an **Automated Market Maker (AMM)** model (similar to how decentralized exchanges work) where liquidity sits in a pool smart contract. When you add liquidity to such a pool, you are essentially supplying equal value of both outcomes. For instance, adding liquidity to a Yes/No market might mean your $100 goes to create $50 worth of Yes outcome tokens and $50 worth of No outcome tokens in the pool. In return, you get **liquidity provider (LP) tokens or shares** that represent your stake in that pool.

Question 25

Can I add liquidity to a market? How does it work?

Accepted Answer

Yes - you can act as a market-maker by supplying liquidity to any open SI Predict market, following the same AMM design used by Zeitgeist. Here's the high-level process:

1.  **Open the Liquidity Tab:** On a market page, click **'Add Liquidity'**.
2.  **Choose Your Deposit Amount:** Enter how much USDC (the base asset) you'd like to contribute. The protocol then **automatically calculates** exactly how many of each outcome token (e.g. 'Yes' and 'No') you must deposit so as to **preserve the current price ratios** in the pool (i.e. keep the AMM invariant constant).
3.  **Prepare Your Token Balances:** You must hold the computed quantities of all outcome tokens in your wallet. If you lack some, you can use SI Predict's **'Buy Complete Set'** feature to acquire them before adding liquidity.
4.  **Submit the Deposit:** Confirm the single 'joinPool' transaction. On Truth Network, gas fees are minimal, and your USDC + outcome tokens move into the pool in one step.
5.  **Receive LP Tokens:** In return, you receive liquidity-provider (LP) tokens representing your **pro-rata share** of that pool.
6.  **Earn Trading Fees:** Every swap in the market incurs a small fee (0.3%) that is **allocated back into the pool**, growing its total value. As an LP, you earn fees **proportionally** to your stake, so your LP tokens earn fees over time.
7.  **Withdraw ('Exit Pool'):** At any time before resolution, you can burn your LP tokens via an **exitPool** transaction. You'll reclaim a proportional amount of USDC and outcome tokens, which you can then swap back to USDC if desired.

**Risk Note: Because the pool rebalances as traders swap, large shifts in odds can leave you holding more of one outcome token than the other. This may lead to impermanent loss, where withdrawing yields less USDC than simply holding it outside the pool. Always consider trading volume and market movement before adding liquidity.**

Question 26

Why would I provide liquidity?

Accepted Answer

Providing liquidity can be attractive for a few reasons:

* **Earn Trading Fees:** As mentioned, each trade pays a fee into the pool. Liquidity providers earn these fees. If a market is very active, those fees can add up to a decent return on your capital. It's a bit like earning interest or being a sportsbook - you collect a small cut from everyone's trades. For example, if you put in 100 USDC and the market is very busy, over time you might withdraw, say, 110 USDC because you earned 10 USDC in fees. The fee rate is 0.3% per trade and volume will determine the yield.
* **Support the Market:** Some users add liquidity not just for profit, but to **support the prediction market ecosystem**. More liquidity means better markets (tighter spreads, more accurate odds, higher confidence). Especially if you care about a market's question, adding liquidity can improve it for all traders, which in turn can attract more participation (a public good aspect). SI Predict might even incentivize liquidity on certain markets through rewards or promotions.
* **Market Making Strategy:** Advanced users may have a view that both outcomes are mispriced and want to take positions on both sides simultaneously - adding liquidity accomplishes this by essentially betting on both outcomes in proportion. You might do this if you think the current odds are off but aren't sure which way, or you just want to accumulate fees regardless of outcome.
* **No Need to Pick Sides:** By being an LP, you don't have to predict the outcome; instead, you profit from traders going back and forth. This can be appealing if you prefer a more passive role or think the crowd will trade heavily (generating fees) but you don't have an opinion on the outcome yourself.

Question 27

What are the risks of adding liquidity?

Accepted Answer

While providing liquidity can earn you fees, it comes with **risks**, often called **'impermanent loss'** in AMM systems. The biggest risk is that the market's odds move significantly in one direction - meaning one outcome becomes much more likely than when you added liquidity. In that scenario, you will end up holding a lot of the losing outcome's tokens and fewer of the winning ones. When the market resolves, the tokens for the losing side become worthless, and you could lose money relative to if you had just held onto your USDC outside the pool.

For example, say you add 100 USDC liquidity to a market where initially Yes = 50% and No = 50%. So effectively you put $50 into Yes and $50 into No in the pool. Now imagine a big shift: Yes becomes heavily favored at 90% by the end. Traders rushing to buy Yes from the pool will have taken most of your Yes tokens, leaving you with mostly No tokens (since the pool balances out odds). At resolution, if Yes indeed wins, all those No tokens you're holding as part of the pool go to $0. You'd get only the small fraction of Yes tokens left plus fees collected. It's possible that you end up with, say, only 70 USDC total after everything (just as an example), meaning you lost 30 USDC by providing liquidity, whereas if you had simply held your 100 USDC, you'd still have 100. This is impermanent loss - you lost because the odds moved strongly in one direction. However, if the odds had stayed around 50/50 or swung back and forth, fees earned might make up for any loss, or if you withdrew before resolution, impermanent loss only becomes permanent if you hold through the outcome.

**Impermanent loss** is not always realized; if the underdog outcome wins, you might actually gain more, since you were holding more of those underdog tokens which suddenly become valuable (an inversely lucky scenario). But one should be aware that providing liquidity is **not risk-free**. You're essentially betting that the fees + final outcome will compensate you enough.

Other risks include:

* **Low Activity:** If a market hardly sees any trades, you earn little in fees, and you might have been better off using your funds elsewhere.
* **Smart Contract Risk:** While SI Predict's contracts are audited, any time you lock funds in a contract, there's a small risk of bugs (though SI Predict and Truth Network emphasize security).
* **Opportunity Cost:** Your USDC used as liquidity can't be used to bet on outcomes or elsewhere while it's in the pool.

To manage risks, some LPs only provide liquidity to markets they believe will be very liquid (lots of trading volume) and not one-sided, or they withdraw liquidity if they see an outcome becoming highly likely early (to avoid riding it to the end). SI Predict might also set certain safeguards, such as disabling new liquidity addition near market end or providing analytics on your impermanent loss.

In summary, *do add liquidity with caution*. It can be rewarding, but understand the scenario of large price shifts. If you prefer a lower risk approach, sticking to just predicting outcomes might be better than being an LP.

Question 28

Do I have to provide liquidity to trade?

Accepted Answer

No, not at all. Providing liquidity is entirely optional. The majority of SI Predict users will simply trade on existing markets without ever adding liquidity themselves. The platform ensures there is baseline liquidity so that trading is smooth for everyone. You should think of liquidity provision as an extra feature for those interested in essentially being market makers. If that doesn't appeal to you, you can ignore it and just focus on buying and selling outcome shares normally. There's no requirement to 'stake' funds beyond what you use to trade on your predictions.

Question 29

How secure is SI Predict?

Accepted Answer

SI Predict is built with security as a top priority, leveraging both advanced blockchain technology and industry best practices to protect users. Here are the layers of security involved:

* **Blockchain Security (Truth Network):** All trades and outcome resolutions occur via smart contracts on the **Truth Network** blockchain. This provides a high level of security and transparency because blockchains are inherently tamper-resistant. Once a trade or result is recorded on-chain, it cannot be altered by any single party. The Truth Network itself is an **enterprise-grade Polkadot parachain (Aventus)** known for its security and scalability. It benefits from the robust security of Polkadot's ecosystem, meaning it's secured by a large network of validators. This decentralization helps prevent attacks and ensures uptime and integrity of the ledger.
* **Smart Contract Audits:** The smart contracts powering SI Predict (for trading, liquidity, resolution, etc.) are audited by third-party security firms. Audits involve expert reviewers examining the code for vulnerabilities or bugs. Any issues found are fixed before public launch. By the time you use SI Predict, its core contracts have been through rigorous testing (including internal testing, audits, and possibly bug bounty programs) to minimize the risk of exploits.
* **Non-Custodial Design:** SI Predict is **non-custodial**, meaning the platform **never directly holds your funds** - you do, via an embedded wallet provided by the supplier Privy. Your USDC and any outcome shares are stored in your own embedded wallet. Even when you make a trade, your funds move into the market contract which then issues you tokens, but all of that is governed by code - SI Predict's team cannot just take your funds or misappropriate them. This is very different from a traditional exchange where you deposit money into the exchange's account, and if the exchange goes bankrupt, you are at risk of losing your assets. Here, you always maintain control via your cryptographic keys.
* **Secure Integration with MoonPay:** For KYC and fiat handling, SI Predict uses MoonPay, a reputable payment processor. MoonPay is regulated as a Money Service Business and employs bank-grade security for handling personal data and transactions. When you submit documents for verification, that data is transmitted securely (encrypted) to MoonPay. SI Predict itself does not store your sensitive personal info; it relies on MoonPay's secure systems for that.
* **Account Protection:** When you access SI Predict, if you use an email/password or social login for convenience (depending on what methods SI Predict offers), those are secured with industry-standard encryption. If you connect via an external wallet (like a browser wallet extension), security depends on that wallet (so make sure to keep your wallet secure and free of malware).
* **Continuous Monitoring:** The platform likely has systems to monitor for suspicious activity, large unusual trades, or other anomalies that could indicate security issues or breaches. Backend safeguards can freeze or alarm if something clearly outside normal parameters occurs (much like a bank watching for fraud).
* **Privacy and Data Security:** Your personal data provided for KYC is protected by privacy laws and MoonPay's protocols. SI Predict's own databases (for user account info, preferences, etc.) are secured to prevent unauthorized access. They will not share your data with third parties except for compliance purposes.

Overall, SI Predict is as secure as using any reputable financial application, and in many ways *more* secure thanks to its blockchain foundation. Of course, users should also practice good security: use strong, unique passwords for your account, keep your device free from viruses, safeguard your wallet's recovery phrase if you have one, and only use official SI Predict apps or websites to avoid phishing.

Question 30

What does "non-custodial" mean for my funds?

Accepted Answer

"Non-custodial" means **you are in control of your funds at all times.** In a custodial system (like a traditional exchange or bank), you deposit money into an account that the service provider holds for you - effectively they have custody of your funds and you trust their promise to give it back when asked. SI Predict is different: when you use SI Predict, your money (USDC) is stored in a crypto wallet that **you** control, and trades happen via smart contracts that you interact with directly. SI Predict never has the ability to unilaterally move or freeze your funds - only you do, through your wallet keys or authorized actions.

Practically speaking, when you sign up, SI Predict either helps create a blockchain wallet for you (secured with something like a password or a keyphrase that you should keep safe) or lets you connect an existing wallet. That wallet is where your USDC lives after you deposit. Even though you see a balance on the SI Predict interface, under the hood it's your wallet's balance being displayed. When you trade, you send USDC from your wallet to the smart contract which then returns outcome tokens to you (also held in your wallet or the contract until resolution). If you win, the payout is delivered by the contract to your wallet. If you withdraw, USDC goes from your wallet to MoonPay and then to your bank.

Non-custodial design has a big advantage: **reduced counterparty risk**. You're not at risk of SI Predict as a company failing or doing something fishy with your funds, because they technically don't hold them. History has seen some crypto exchanges get hacked or mismanage funds - that risk is greatly mitigated here. However, non-custodial also means **responsibility on you**: if you lose access to your wallet (and hadn't backed it up), SI Predict cannot magically restore your funds (since they don't have a master key). That's why it's important to follow the wallet setup instructions carefully - usually, you'll be given a recovery phrase or asked to link an email for key recovery. Keep that information very secure and private.

In summary, non-custodial = **you hold the keys, you hold the coins**. SI Predict provides the platform and smart contracts, but you provide custody.

Question 31

Has SI Predict been audited or tested for security?

Accepted Answer

Yes. Before launching to the public, SI Predict's underlying smart contracts and infrastructure underwent thorough audits by independent security experts. These audits scrutinize the code line-by-line to catch vulnerabilities such as logic errors, potential exploits, and any scenario where funds could be at risk. Additionally, the Truth Network itself (the blockchain SI Predict runs on) has been battle-tested and likely audited, as it's part of the Polkadot ecosystem which holds security to high standards.

SI Predict takes a proactive approach: they don't wait for an incident to occur; they invest in preventing issues from day one. While no system can be guaranteed 100% bug-free, the combination of audits and blockchain's transparency significantly reduces risk.

Question 32

Is my personal information safe with SI Predict?

Accepted Answer

Protecting your personal data is extremely important to SI Predict. When you go through KYC verification, the information and documents you provide are handled by **MoonPay and Privy's secure systems**. Both are compliant with data protection regulations (like GDPR in Europe and others) and use encryption to protect data both in transit and at rest. That means your email, passport or driver's license info, selfies, etc., are transmitted securely and stored in encrypted form. They are only used for the purpose of verifying your identity and facilitating transactions.

SI Predict itself keeps minimal personal data on its servers, mostly just a unique user identifier. Any sensitive documents are not stored by SI Predict directly. And SI Predict will never misuse your data - they use it only as required (for example, to meet legal requirements or to contact you with account-related communications).

Additionally, all communication between you and the SI Predict website/app is encrypted via HTTPS, so your activity and info (like login credentials) aren't exposed to eavesdroppers on the network.

If you ever decide to close your account, you can request data deletion as per privacy laws - the platform will remove your personal details that it's not legally obliged to keep. Of course any blockchain transactions cannot be deleted, however these are only associated with a wallet public key, no PII.

Question 33

What happens if SI Predict's website goes down or the company closes? Do I lose my money?

Accepted Answer

Thanks to the non-custodial, blockchain-based nature of SI Predict, you would **not lose your funds** even if the website went down or the company behind SI Predict ceased operations. Your funds and any active positions are recorded on the Truth Network blockchain, not held by the company. If the website is down temporarily, you simply wouldn't be able to access the user interface until it's back up, but your funds remain secure in your wallet or in the smart contracts. Once service resumes, you'd see everything as it was.

In a hypothetical scenario where SI Predict as a business shuts down entirely, since it's on a decentralized network, the community or the open-source community could create alternative interfaces or use blockchain explorer tools to allow users to withdraw their funds from the contracts. Being non-custodial, you could interact directly with the smart contract via a blockchain interface to redeem any owed USDC from resolved markets, or to transfer your funds out. It might be less user-friendly without the official interface, but the point is the **keys to your funds are in your possession via Privy and they can support**.

In summary, your money isn't sitting in a server that could be shut off - it's on a globally distributed ledger. So even catastrophic events with the company shouldn't wipe out user funds, which is a major safety net that traditional platforms can't offer.

Question 34

Are there any security tips I should follow as a user?

Accepted Answer

While SI Predict provides a secure platform, your personal security practices are equally important. Here are some tips to ensure you stay safe:

* **Use Strong Credentials:** If your account uses a password or PIN, make sure it's strong and unique. Avoid using the same password that you use on other sites. Consider using a password manager to generate and store complex passwords.
* **Secure Your Email:** Your email is often a recovery method. Use a strong password and 2FA on your email. You don't want someone hijacking your email and then using that to reset your SI Predict access.
* **Watch for Scams:** Be careful of any unsolicited messages or websites pretending to be SI Predict. Always double-check that you're on the official SI Predict site (look for the correct URL and a security certificate in the browser). If you get emails or Discord messages about 'special offers' that require you to send funds, be skeptical. When in doubt, reach out to SI Predict's official support channels.
* **Keep Your Device Secure:** Ensure the device (computer or smartphone) you use for SI Predict is free from malware. Keep your operating system and antivirus up to date. Avoid installing sketchy apps or clicking unknown links, especially those that promise freebies related to SI Predict or crypto - they could be trying to steal your info.
* **Logout on Shared Devices:** If you use SI Predict on a public or shared computer, always log out after. Also, be mindful of not checking the 'remember me' boxes in such environments.
* **Monitor Your Account:** Regularly review your account activity. SI Predict might send email notifications for logins or large transactions; pay attention to those. If you see any activity you don't recognize, contact support immediately and consider moving funds to a new wallet if needed.
* **Use Official Channels:** If you need help, only use contact information or links provided on the official SI Predict website or documentation. That helps avoid imposters.

Question 35

What consumer-protection measures does SI Predict have in place to monitor and manage risky trading behavior?

Accepted Answer

SI Predict employs a robust, CRM-driven compliance framework to safeguard users:

1.  **Automated Risk Detection:**
    * The CRM continuously tracks each user's on-chain activity - metrics such as rapid successive deposits, unusually large P/L swings, high-frequency trades, and other indicators of potential overexposure.
    * As soon as any predefined threshold is breached, the system **automatically flags** the account for review.
2.  **Compliance Officer Review:**
    * A dedicated Compliance Officer examines every flagged case, assessing factors like trade size relative to account balance, pace of trading, and cumulative risk indicators.
    * Based on that assessment, the officer determines the appropriate action.
3.  **Graduated Account Restrictions:**
    * **Withdraw-Only Mode:** Trading is disabled but users can still withdraw funds - ideal for cooling off moderate risk cases.
    * **Full Freeze:** Both trading and withdrawals are suspended for more severe or repeat violations, preventing further activity until the risk subsides.
    * Each restriction includes a clear duration and rationale communicated to the user.
4.  **Transparent Resolution:**
    * Users receive immediate notification detailing the restriction type, expected duration, and steps for reinstatement.
    * Once the Compliance Officer confirms that the user's behavior has normalized, full account functionality is automatically restored.

By combining real-time automated alerts with human oversight, SI Predict ensures responsible participation, protects users from potentially harmful trading patterns, and maintains the integrity of every market.

Question 36

Do I need to verify my identity (KYC) to use SI Predict?

Accepted Answer

Yes. SI Predict requires all users to complete **Know Your Customer (KYC)** identity verification before engaging in real-money trading. This is a standard practice for financial platforms to comply with anti-money laundering (AML) laws and other regulations. When you sign up, you'll be prompted to verify your identity through our partner, **MoonPay**. The verification process will ask you to provide some personal information and documentation which will vary based on your local jurisdiction and amount of money being deposited. Typically, you'll need to:

* Provide your **full name**, date of birth, and contact details (address, email, phone).
* Submit a copy of a **government-issued ID** (like a passport or driver's license) to prove your identity.
* Possibly take a **selfie or a short video** for a liveness check (to ensure the ID belongs to you and hasn't been stolen).
* In some cases, provide **proof of address** (like a utility bill or bank statement) if required by the compliance standards of your country.

MoonPay's interface will guide you through these steps. Many checks are automated and can often be completed in a few minutes, though sometimes it might take a few hours if a manual review is needed. You'll be notified upon successful verification, after which you can fully use SI Predict (deposit funds, make trades, withdraw, etc.).

KYC might feel cumbersome, especially if you're used to purely decentralized crypto platforms, but it has important benefits: it helps ensure all users are real and accountable (which in turn keeps the platform safe and legal), and it opens up the ability to use convenient fiat payment methods. Rest assured that all your information is handled securely and used only for compliance purposes.

Question 37

Why is KYC necessary on SI Predict?

Accepted Answer

KYC is necessary for a few key reasons:

* **Legal Compliance:** SI Predict operates within legal frameworks and must adhere to financial regulations. KYC is typically required by regulators to prevent illicit activities. By verifying identity, SI Predict can prevent fraud, money laundering, and ensure no sanctioned or underage individuals are using the platform. This compliance helps protect the platform and its users from being implicated in wrongdoing.
* **User Security:** KYC adds a layer of protection. If someone were to try and take over your account, the identity verification makes it harder - for instance, withdrawals might only be permitted to accounts under the same name, etc. It also means if you ever encounter an issue with your account, there's a verified identity attached which can help in support scenarios (like account recovery, though remember non-custodial means they can't restore lost keys).
* **Integrity of the Market:** Since SI Predict deals with potentially sensitive event outcomes (like political markets), having identified users helps ensure responsible participation and deters malicious actors or manipulation. It basically keeps people honest, knowing their actions aren't completely anonymous.
* **Fiat On/Off Ramps:** The integration with MoonPay to deposit/withdraw fiat requires KYC by law. Any time you convert real money to crypto or vice versa through regulated channels, you must verify identity. So without KYC, you wouldn't be able to conveniently get money in and out of the platform in dollars or other fiat currencies.

Question 38

Who handles the KYC process? What is MoonPay?

Accepted Answer

SI Predict has partnered with **MoonPay** to handle all KYC and fiat payment processing. MoonPay is a well-known crypto payments company that specializes in letting users buy and sell cryptocurrencies with traditional payment methods (credit cards, bank transfers, etc.) while handling the regulatory requirements in the background.

When you go through SI Predict's onboarding, you're essentially using MoonPay's infrastructure to submit your documents and verify your identity. MoonPay, as a licensed financial service, will review your info against government databases and AML watchlists to confirm you are who you say you are and that you're cleared to use the service. This arrangement is beneficial because MoonPay is experienced in this domain and keeps your sensitive data secure.

From a user perspective, MoonPay's involvement means:

* You might see MoonPay's branding or emails when uploading your ID or receiving payment confirmations. Don't be alarmed - this is expected.
* Your bank or card statements might mention MoonPay for transactions related to buying crypto (USDC) for SI Predict.
* If there's an issue with a credit card purchase or a bank withdrawal, MoonPay's support might step in to help since they facilitate that part of the transaction.

Question 39

How do I deposit funds into SI Predict?

Accepted Answer

Depositing funds is user-friendly, thanks to MoonPay integration and crypto support. You have two main ways to get USDC into your SI Predict wallet:

1.  **Deposit via MoonPay (Fiat on-ramp):**
    * In your SI Predict account, go to the Wallet or Deposit section and choose the option to add funds.
    * Select the amount of USD (or your local currency) you want to convert to USDC.
    * Pick your payment method: typically credit/debit card or a bank transfer (options might vary by region; cards are the fastest, bank transfers may allow larger amounts).
    * You'll be redirected to a MoonPay interface to handle the payment. If it's your first time, you might go through some KYC steps (if not already completed) or verify the payment method (e.g., card 3-D Secure verification code).
    * Confirm the transaction. MoonPay will charge your card or bank the specified amount, and you'll see a processing screen.
    * After a short time (often minutes, sometimes a bit longer for bank transfers), the USDC will appear in your SI Predict wallet balance. You'll also get an email receipt from MoonPay confirming the purchase.

Keep in mind MoonPay will include their fees in the transaction (they'll show you before you finalize). For example, if you try to buy $100 of USDC with a card, you might pay a few dollars in fees and receive slightly less than 100 USDC.

1.  **Deposit via Cryptocurrency (external wallet):**

If you already have USDC or other supported crypto in an external wallet or exchange, you might deposit directly to your SI Predict wallet address. Since SI Predict runs on the **Truth Network** (Polkadot's Aventus chain), direct deposit from outside will involve bridging if your USDC is on Ethereum or another chain. SI Predict will provide instructions if this is available. It could be something like: 
    * Obtain your SI Predict wallet address (you might find an address or QR code in the deposit section).
    * If you have USDC on Ethereum, use a provided bridge or send to a specific address that converts it into Truth Network USDC. (This part can be technical; if you're not crypto-savvy, using MoonPay might be easier to avoid confusion.)
    * Wait for confirmation. Once done, you should see the USDC in your SI Predict account.

After depositing, you're ready to trade. **Remember**: because it's non-custodial, 'depositing' really means funding your own wallet. It's as if you put money into a wallet that you control, which is connected to SI Predict. The platform then reads your wallet balance to let you trade. You aren't handing money over to SI Predict to hold; you're just using their provided channels to fill up your wallet.

Question 40

How do I withdraw my funds or cash out?

Accepted Answer

You can send USDC from your SI Predict wallet to any address on Ethereum. Input the destination address, confirm the amount, and approve the transaction. After network confirmation, the USDC will arrive at the destination address, after 12 hours. This delay is to protect your funds and ensure that if you did not initiate the transaction, there is time to stop it from being processed. From there, you can do as you please (hold it, trade it on other platforms, convert to other cryptos, etc.).

Remember that if you realize any profits and convert to fiat, those might be subject to taxes in your jurisdiction. Remember to keep personal records of your withdrawals for compliance with local laws.

Question 41

Where are my funds stored when I'm not trading?

Accepted Answer

Your funds (USDC) are stored in your **personal crypto wallet** linked to SI Predict. If you're using SI Predict's default setup, upon registration the platform either created a wallet for you (with your consent) or you connected an existing one. That wallet lives on the Truth Network blockchain. When you're 'not trading' - meaning your funds are idle - they are simply sitting at your wallet address on the blockchain, like money sitting in your checking account.

The difference from a bank is that **SI Predict does not control your funds**. The funds are secured by cryptography with Privy. Only someone with the correct private key (or recovery phrase, or authenticated account in the case of an abstracted wallet) can move those funds.

Even when you are trading, the funds momentarily move into smart contracts. For example, if you buy a share, your USDC goes from your wallet to the market's contract and you get outcome tokens in return (which are in your wallet or associated with it via the contract). But at settlement, those either turn back into USDC or remain as is. At all times, the blockchain is tracking that those assets belong to your wallet.

To visualize: Imagine you have a digital safe deposit box (your wallet). Inside it, you have some cash (USDC) and some tickets representing bets you made (outcome tokens). The SI Predict system is like the bank vault that automates moving items in/out of your box when you trade, but the bank (SI Predict) never holds them in their own box - it's always in yours or in a joint box with your name on it (when in a contract awaiting outcome).

So, when you check your balance on SI Predict, it's reading the state of your wallet on the blockchain. If it says you have 250 USDC and some shares of 'Yes' on a question, that's exactly what exists under your control on the network. It's not an IOU or a database entry that SI Predict could alter; it's literally on the decentralized ledger.

Question 42

What if I lose access to my account or wallet? Can I recover my funds?

Accepted Answer

Losing access can be scary, but there are ways to recover depending on how your account is set up:

* **If you signed up via email or social login:** If you signed in with email or social login (like Google), use 'Forgot Password'. You'll get a link sent to your email to re-authenticate and that would restore access to your wallet.
* **Contact Support:** If you lose access in a way that you can't solve directly, contact SI Predict's support on the Learn page. While they cannot retrieve a private key for you, they can guide you on recovery options.
* **Losing device with logged in session:** If your phone or computer was stolen but you were still logged in to SI Predict on it, immediately reach out to support to see if they can lock transactions from that account (maybe not possible if it's non-custodial, but if your wallet had a guardian or 2FA, they could help). In such cases, using your backup phrase on a new device to move funds out quickly is the best step.

In essence, because of the non-custodial nature, **you are your own bank** - which is empowering but comes with responsibility. Always keep backup of your credentials (recovery phrase, etc.) in a secure manner. If you do that, even a lost password or device won't prevent recovery. SI Predict is built to facilitate ease of use, so follow their recommended backup steps when setting up.

Question 43

How are market outcomes decided on SI Predict?

Accepted Answer

Every market's outcome is reviewed and finalized by a dedicated **Compliance Panel at Galactic Markets**, following these steps:

1.  **Predefined Resolution Criteria:**
    * When a market is created, the Compliance Panel specifies:
        * **Exact wording** of the question
        * **Official source(s)** to consult (e.g. league websites, press releases)
        * **Cut-off date/time** for determining 'Yes' or 'No'
2.  **Post-Event Review:**
    * Once the real-world event concludes (or the resolution deadline passes), the Panel gathers the relevant data from the agreed sources.
    * They compare it against the market's predefined criteria to ensure a clear, unambiguous result.
3.  **Consensus Decision:**
    * The Panel - composed of compliance and operations experts - discusses any edge cases or conflicting reports.
    * They reach a unanimous (or supermajority) decision on whether the outcome is 'Yes,' 'No,' or, in rare cases, 'Invalid' (voided).
4.  **On-Chain Settlement:**
    * The Panel's resolution is then submitted to the Truth Network's smart contracts.
    * Upon on-chain confirmation, the contracts automatically settle the market:
        * Winning shares redeem at $1.00 USDC minus fees
        * Losing shares expire worthless
        * If a market is voided, all participants receive a full refund of their stake
5.  **Transparency & Appeals:**
    * The final resolution is announced and if needed any reasoning provided.
    * If you believe an approved outcome contradicts the published criteria or source, you can contact support for review, though disputes are extremely rare thanks to the Panel's rigorous process.

This human-driven approach ensures that every SI Predict market is settled fairly, accurately, and in full compliance with our legal and ethical standards.

Question 44

What is the Truth Network?

Accepted Answer

The Truth Network is a specialized blockchain network focused on **decentralized verification of real-world events** (hence the name 'Truth'). It's the backbone for SI Predict's outcome resolution. Technically, Truth Network is an appchain on Polkadot's Aventus Network, meaning it leverages Polkadot's robust infrastructure for security and interoperability.

What it does is coordinate a network of validators or oracles who observe real-world data and come to agreement on it. For a given prediction market, these participants on Truth Network will confirm the outcome according to the rules. For instance, if the market was about an election result, validators might check official election commission data; if it was about a sports event, they'd check the official league website or a trusted sports data feed. They then submit their findings (usually digitally or via API data) to the blockchain. Through a consensus algorithm, the network comes to a single source of truth (like 'Yes, it happened' or 'No, it didn't').

The benefit of using Truth Network is that it's **trust-minimized** - no single individual or even the SI Predict company alone can falsify the outcome without being challenged by other nodes. Everyone can see the evidence on-chain. It's akin to having a neutral referee that is collectively operated. This adds credibility to the results: users can trust that outcomes are correct and not manipulated for profit.

Additionally, because Truth Network is a blockchain, it can automate payouts via smart contracts. As soon as consensus is reached, the outcome is final and triggers the settlement in SI Predict's market contracts.

Question 45

Why doesn't SI Predict need a dispute or appeals process for outcomes?

Accepted Answer

Traditional prediction markets or betting platforms often have a dispute mechanism because outcomes can sometimes be unclear or the initial decider might be biased or mistaken. SI Predict avoids this for a few reasons:

* **Clear Resolution Criteria:** Right from the market creation, the compliance team ensures that the question has a clear answer and source. So ambiguity is minimized. For example, 'Will X occur by date Y?' has a yes or no answer by that date. If date Y passes and X hasn't occurred, it's a No. If X occurs, it's a Yes and the source to check is specified. There's little room for subjective interpretation.
* **Truth Network Consensus:** As explained, the outcome is confirmed by multiple independent parties on a blockchain. This consensus is effectively the dispute resolution baked in. If one source were wrong, others wouldn't agree and consensus wouldn't be reached until the correct outcome is submitted. It's like crowdsourced verification. Because this network incentivizes honesty (participants might stake tokens or have reputation at risk), it's reliable. If somehow a false outcome was submitted, honest nodes would dispute it at that level, but as a user you likely won't see any of that - it's handled behind the scenes, quickly.
* **Company Oversight for Edge Cases:** In extremely rare scenarios where an event is weirdly open to interpretation, the SI Predict team might step in to clarify or even void the market rather than let a controversial call proceed. But these cases are rare due to careful design, as mentioned.

Question 46

How quickly are markets settled after an event concludes?

Accepted Answer

SI Predict aims to settle markets **as quickly as possible** once the outcome is known. In many cases, you'll see resolution happen within minutes to a few hours after the event's official result is in. The exact timing can depend on the type of event and when the confirmation source becomes available.

For example:

* For a sports-related market (say, 'Will player X score in the game?'), the outcome is known at the end of the game. The resolution might occur very shortly after the game finishes, once the final stats are confirmed via the official source.
* For something like an election or an award show, it might wait until the official announcement or certified result is out (which could be later that night or next day if it's something that needs formal confirmation).
* If a market has a deadline (like 'by 11:59 pm on Dec 31'), they might wait until that exact time passes and then resolve according to whether the event happened by then or not.

The process is largely automated: as soon as the Truth Network receives and agrees on the outcome, the smart contract triggers settlement. In blockchain terms, it might just be the next block or two after consensus. SI Predict's interface will then update the market status to 'Resolved' and reflect the winning outcome.

In practical terms for you:

* If you held winning shares, you'll either see those shares convert into USDC in your balance automatically, or you'll see a 'Redeem' button to claim your winnings (depending on how the UI is set up). Often it's automatic, adding the funds to your wallet.
* If you had losing shares, they will disappear or be shown as worthless; your balance won't increase. You don't have to take any action; the smart contract has already reallocated the funds to winners.

Most users find that by the time they check the app after an event, the market is already settled. SI Predict's advantage of no disputes means there's no prolonged uncertainty. However, bear in mind that occasionally, if an outcome is under verification, there might be a short delay (e.g., if multiple data sources need to be cross-checked, or if the result depends on something like an official report the next morning).

The platform might display a status like 'Pending Resolution' in that interim. Rest assured that this typically doesn't last long, and the system is working to finalize it. If a resolution is taking unusually long, SI Predict will likely communicate the reason (for instance, 'Outcome will be confirmed after official source X releases data').

Question 47

How do payouts work? What do I need to do to get my winnings?

Accepted Answer

Payouts on SI Predict are straightforward and largely automated:

When a market resolves, all **'Yes' shares** and **'No' shares** effectively turn into either 1 USDC each (if they are the winning side, minus fees) or 0 USDC (if they are the losing side).

If you held the winning outcome shares, the value of those shares is now in your my positions tab and can be claimed.

By clicking claim, you execute a transaction that converts your outcome tokens into USDC. (Under the hood, it sends your winning tokens back to the contract and returns USDC to you.)

For the losers, there's nothing to claim - their tokens are just done. In fact, you won't be able to sell or do anything with losing tokens; the system will likely hide them after resolution since they have no value.

**Example**: You bought 50 USDC of 'No' shares at $0.50 (so you have 100 shares, minus fees) on 'Will candidate X win the election?'. If the answer is No (candidate X loses), your 100 'No' shares become worth 100 USDC (minus fees). Payout: +100 USDC to you (minus fees). If the answer is Yes (candidate X wins, meaning your prediction was wrong), your 100 'No' shares are worth 0 and you get nothing back (you lost the 50 USDC you paid). There's no further action - that outcome is final.

After settlement, you can use your updated USDC balance to trade in new markets or withdraw it as you please.

Question 48

What if an outcome seems wrong or I disagree with a market resolution?

Accepted Answer

It's very unlikely, given the systems in place, but let's consider it. If you believe a market was resolved incorrectly (say you think the answer should have been Yes but it resolved No), here are steps and considerations:

* **Double-Check the Market Rules:** First, re-read the market's description and resolution criteria. Sometimes the phrasing or conditions can lead to outcomes that differ from initial intuition. For example, maybe a question had a specific cutoff time or condition that wasn't met even though generally the event happened later. Or an outcome might be based on an official source that hasn't formally recognized something. Ensure that your understanding matches the official criteria. Often, perceived 'wrong' resolutions stem from misinterpretation of the question.
* **Official Announcements:** Check if SI Predict or the Truth Network provided any explanation. If a resolution is contentious, the team might publish a note (e.g., 'Market resolved as No because the official source declared the event did not occur by the deadline'). This can provide clarity.
* **Contact Support:** If after checking, you truly believe there was an error, reach out to SI Predict's support team on the Learn page. Provide them with details: the market in question, why you think the resolution is wrong, and any evidence you have. The team can investigate if there was a data glitch or mis-reporting. If a mistake is confirmed, the platform would likely rectify it. However, such intervention would be extraordinary given the decentralized design.

In practice, outright wrong resolutions are extremely rare. The more common disputes in prediction markets are about ambiguous wording or unforeseen edge cases, which SI Predict tries to eliminate through careful market creation. If you're coming from a betting context, you might be used to arguing over a bad beat or a stat correction - here, the automated nature means it's usually cut-and-dry.

Question 49

Can there be more than one winning outcome?

Accepted Answer

In the standard Yes/No markets on SI Predict, **no** - only one of the two outcomes will win (or the market is voided if neither). You either win on Yes or on No. There's never a scenario where both Yes and No pay out, since they are mutually exclusive by design.

In a predictive binary question, there's always one winner. The probabilities of all outcomes sum to 100%. If by chance an event had multiple correct answers (like two players tying a record), SI Predict would have structured it either as separate markets or a combined outcome ('Yes if at least one does X').

However, if SI Predict ever introduces multi-outcome markets (for example, a market with several options like 'Who will win the MVP: Player A, B, C, or D?'), then exactly one of those multiple choices would be the winner, and all others would be losers. There isn't a scenario with ties because the questions are framed to avoid that (if an event could tie, it would usually be phrased as, e.g., 'Will it be a tie - Yes or No').

There is one edge case: **markets that resolve ambiguously could be voided** which is not really a 'win' for either side but a refund situation. But that's not a win, just a neutral outcome.

Question 50

What is an "invalid" market resolution?

Accepted Answer

An 'invalid' resolution (also called 'void' or 'null' outcome) is when a market is essentially canceled and neither outcome wins. In this case, all traders are refunded their stakes. This usually happens when the event or question cannot be resolved under the agreed criteria. For example:

* The event didn't happen and wasn't ever going to happen (like a season got canceled due to unforeseen circumstances, so the question 'Will X happen this season?' can't be answered Yes or No meaningfully).
* The outcome ended up being ambiguous or in dispute beyond what the market rules covered. (Perhaps the data was never released or two sources conflicted and there was no clear way to settle.)
* A mistake was found in the market question (extremely rare if curated, but hypothetically if something was mis-stated such that it's unfair to choose a winner).

When a market is marked invalid, typically the smart contract will allow both Yes and No shares to be redeemed for their purchase price. In effect, everyone gets their money back as if the market never took place. If you bought shares, you don't profit, but you also don't lose - your USDC is returned.

SI Predict's UI would label such markets as 'Invalid' or 'Voided'. It's usually accompanied by an explanation. It's not something that happens often, especially with curated markets, but it's a safeguard for fairness. The Truth Network has a specific outcome state for invalid.

For users, the main thing to know is: if a market is invalid, just reclaim your funds (the platform will either auto-refund or let you click claim).

Question 51

Where can I see the results or proof of a resolved market?

Accepted Answer

Since SI Predict leverages blockchain for resolution, the proof of any market's result is publicly accessible on the Truth Network. There are a couple of ways to verify outcomes:

* **On the SI Predict platform:** Each market, after resolution, will typically show the winning outcome and possibly a brief note or link to the source. For instance, it might say 'Outcome: Yes - Player A was traded on 10/10/2025 (source: ESPN.com)'. This gives you direct info on what happened. There might also be a transaction ID or link that says 'View on Blockchain' which, if you click, takes you to a blockchain explorer page showing the settlement transaction on Truth Network. That transaction would show, for example, that the outcome variable was set to Yes and funds distributed. This is a transparent way to audit that the contract executed correctly.
* **Truth Network Explorer:** Truth Network has a block explorer (similar to Etherscan for Ethereum) where you can search by market or by transaction. SI Predict provides a market ID for each market, so you can find the corresponding record on Truth Network that contains the outcome. This record will often include who reported the outcome and what the value was, along with a timestamp. Because it's a public ledger, anyone (even outside of SI Predict) can verify that, say, Market #123 resolved to outcome 'Yes' at a certain block.

FREQUENTLY ASKED QUESTIONS

FREQUENTLY ASKED QUESTIONS