Market Details
ForeGate Core Prediction Feature Guide & Operation Manual ✨
Welcome to ForeGate! Prediction trading is simple: First, find an event you're interested in on the Market Page and navigate to its Trading Page. Then, select the outcome you believe will happen (e.g., "Yes" or "No"), enter the amount you wish to bet, and confirm your order. Your order will then enter the market for execution. Afterward, you can monitor your positions and profit/loss in the Overview Tab at any time. When the event expires, the platform will settle based on the actual outcome. Each correct prediction share will yield a return of $1.
1. Before Trading: Browse & Select
On the Ongoing Prediction Market , you can browse all ongoing prediction events, such as U.S. elections or sports events. Click on an event you're interested in to access its dedicated Prediction Tab.
On this page, you’ll first need to select the market title/event to clarify the specific question you’re predicting. Then, choose the outcome—whether you believe the answer is Yes or No.
2. During Trading: Place & Confirm Orders
After selecting your direction, the next step is to enter your bet amount. Note that you are purchasing shares, with prices fluctuating between $0 and $1. The closer the price is to $1, the higher the market perceives the probability of that outcome occurring.
Once you’ve entered the amount, carefully review the order details, including your predicted direction, transaction amount, and estimated cost. If everything is correct, confirm the order, and it will be matched for execution.
3. Managing Positions: Monitor & Adjust
After your order is successfully placed, you can find all your open positions in the Overview — Active Tab. Here, you can:
View Positions: Understand the scale of your holdings in the current event.
Check Current Average Price: See your average holding cost.
Monitor Market Spread: Assess the current bid-ask liquidity and market depth.
Track Current Prediction Returns: Keep up with the latest developments in the event and shifts in market sentiment.
4. At Settlement: Await Results & Returns
When the event reaches its deadline, it enters the settlement phase:
First, the platform will propose a result based on predefined rules.
This is followed by a Challenge Period (2 hours), during which any user with an open position can dispute the proposed result to ensure fairness.
After the challenge period, the official team will verify the data source and confirm the final result.
Once the result is confirmed, the market will officially resolve/settle.
Finally, the system will calculate user profits/losses:
If your prediction is correct, each share you hold will be valued at $1.
If your prediction is incorrect, the value of your shares will become zero.
Market title
The central query or event being predicted.
Example: "Will US 10Y Treasury yield above 5% by June 30?"
Outcomes
Possible results or answers to the market question, represented as tradable options.
Example for the above question:
Outcome 1: YES
Outcome 2: NO
Example for the above question
Outcome 1: YES & Outcome 2: NO
Order Book
An Order Book is a ledger that lists all buy and sell orders for a specific market, organized by price. The order book is centralized for efficiency and transparency, with trades being matched offchain and settled onchain.
Buy Orders
Represent bids - prices that traders are willing to pay for an asset.
Sell Orders
Represent asks prices that traders are willing to accept for an asset.
Spread
The gap between the highest bid and the lowest ask is called the Spread, indicating the liquidity and competitiveness of the market.
Market Orders
Execute trades immediately by matching with the best available prices in the order book.
Limit Orders
Specify a maximum price for buying or a minimum price for selling, which may not be executed immediately if no match is found.
To Win
Number of shares x $1 (maximum value per share).
Avg Price
Current average price per share.
Market Process
The process of settling the predicted market.
Bet on the Market
Users place bets on the predicted market.
Market Close
Predict that the market has reached the set deadline, and users will no longer be able to place bets on this market.
Outcome Propose
If the result of a market is clear, the market can be “resolved,” or permanently finalized.
Challenge Period
After the market closes, it automatically enters a 2-hour challenge period. Users holding shares in the market can raise objections to the resolution during this period, but they must pay a certain fee and provide data sources.
Verifying
The operation team verifies the resources and resolves the market with the final resolution.
Dispute
Refer to the result of the dispute, it will be Yes or No.。
Final Outcome
The result of a market becomes clear when there is a final outcome, the market will be “resolved”.
Rules
A detailed explanation of the market question, including any specific rules or context.Example:If the yield of the US 10-Year T-Bond is greater than 5.000% at any time between between December 28, 2024 and market close on June 30 2025, this market will resolve to “Yes”. Otherwise, this market will resolve to "No". The resolution source for this market will be investing.com's reporting found at https://www.investing.com/rates-bonds/u.s.-10-year-bond-yield-historical-data. The resolution will be based on the values listed in the column labelled “High” in rows titled by dates within this market's timeframe.
FAQ – You Might Want to Know
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