FAQs

General

Q: Is MidasPredict live?

Launching at LitVM mainnet (target Q2–Q3 2026).

Q: What blockchain is this on?

LitVM — the first fully trustless, EVM-compatible Layer-2 rollup for Litecoin.

Q: Is this gambling?

Prediction markets are information markets that aggregate collective intelligence. Real money is at stake — never trade more than you can afford to lose.

Trading

Q: Can I lose more than I put in?

No. Maximum loss is always what you paid for shares.

Q: What's the minimum trade?

$1 per buy or sell transaction.

Q: How fast are trades?

Sub-100ms pre-confirmations on LitVM, sub-cent gas.

Q: Can I sell before resolution?

Yes — at any time at the current market price.

Points & Rewards

Q: How do I earn Midas Points?

1 MP per $1 of trading volume. Boosted markets earn 2×. You also earn MP from market creation (= seed amount), correct resolution (+100 MP), login streaks, referral bonuses, and quests.

Q: Do points carry over?

No. Monthly reset. Lifetime stats tracked separately.

Q: When do I get paid?

Points Reward Pool distributed shortly after month end.

Market Creation

Q: What's the minimum liquidity to create a market?

$500. You earn MP equal to your seed amount.

Q: Do I get my seed liquidity back?

Yes. After resolution, seed liquidity is unlocked and redeemable along with accumulated creator fees.

Q: What's the maximum creator fee?

0–2% of trading volume.

Resolution

Q: How are markets resolved?

Most markets resolve automatically via aggregated oracle feeds. A dispute period follows (typically 24–48 hours). If no one successfully challenges during that window, the outcome is final.

Q: What are the stages a market goes through?

Created → Pending → Active → Resolved → Dispute Period → Closed. See Market Lifecycle & Disputes.

Q: How do I dispute a resolution?

Open the resolved market, click Dispute during the dispute window, provide evidence, and post the dispute bond. The Judge Team reviews and may update the outcome.

Q: Can an outcome be changed after the market closes?

No. Once a market is Closed, the outcome is permanent.

Q: When does a market resolve as Void?

When resolution rules can't produce a definitive outcome (event cancelled, data source offline, result doesn't fit any listed option). All stakes return to traders. Void is a resolution state, not a post-resolution fix.

Q: Do I earn points for resolving markets?

Yes. Correct resolution: +100 MP. Incorrect: -500 MP.

Referrals

Q: Do referrals benefit from being referred?

Yes. Being referred never costs them anything.

Q: Is there a limit on referrals?

No limit on Tier 1 direct referrals.