Fore Protocol

Payout Logic

Using a binary parimutuel market structure as an example, the payout logic on FORE Protocol is best described by the following diagram:
  • Players take positions against each other in a market with two binary outcomes
  • Players’ 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 player’s 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