CoinBelievePrediction markets operating on CoinBelieve (/predictions/ and trade.coinbelieve.com) are decentralized knowledge-aggregation protocols utilizing internal platform reward units (CBX). They are strictly NOT real-money gaming, sports wagering, or regulated financial derivatives.
1. Market Mechanics & Parimutuel Pools
Community members commit CBX from their authenticated internal wallet into deterministic prediction pools (e.g. "Yes" or "No"). Payout multipliers are calculated continuously based on the relative volume of each option pool.
2. Protocol Settlement Fee (2.0%)
To fund automated dispute review, maintain infrastructure, and sustain deflationary burn tokenomics, CoinBelieve applies a transparent protocol fee of 2.0% on total settled market pools upon final resolution.
3. Irrevocability of Committed Wagers
All bets and forecasting stakes committed to an active prediction market are final, immediate, and irrevocable. Once a block confirmation is recorded by the ledger, wagers cannot be cancelled, refunded, or reallocated prior to market conclusion.
4. Resolution Framework & Disputed Outcomes
- Resolution Authority: Markets are resolved by designated system administrators or verified oracles using verifiable real-world evidence sources cited in the market specification.
- Postponed / Ambiguous Events: If an underlying event is canceled, indefinitely delayed, or fails to satisfy unambiguous resolution criteria, the market may be voided, returning 100% of staked CBX to participants with zero fee deduction.
- Dispute Period: Users may submit evidence of misresolution through the Trust & Safety portal within 24 hours of market settlement. Admin determinations following secondary audit are final.
5. Jurisdictional Eligibility & Age Restrictions
Participation in community prediction pools is strictly limited to individuals aged 18 or older. Users located in jurisdictions where prediction markets, utility wagering, or token forecasting are prohibited by law are barred from accessing prediction interfaces.