Payout Logic
Using a binary parimutuel market structure as an example, the payout logic on FORE Predict is best described by the following diagram.
Players take positions against each other in a market with two binary outcomes
Playersβ funds are held in a decentralized smart contract until market resolution
Market odds are determined upon market closure based on market participation on either side
Payout is determined by the playerβs respective share of the winning side relative to the losing side
95% of the total market is distributed to winning players
Payout is trustless and immediate upon resolution
Last updated