We wanted to share some tips for market creators today that should help you make better markets and increase your chances of recouping the burn fee. For prediction markets, it's best to make them several days or even a week or more in advance so that you can give people enough time to join in the market. It's also best to set a market close date well before the event expiration date. For example if you want to make a market for predicting the price of Bitcoin on March 1st, you could set the market close date to February 21st and an event expiration date of March 1st, which will still give people over a week to join the market and make it go immediately into resolution on March 1st.
This should help prevent having to worry about people piling into the likely winning side if the market is open till the last day. Perhaps once the community grows and volume increases, short term markets will be more viable, but for now adding a little more time should help. We appreciate all the feedback we're receiving and are grateful to the users giving us a try. If you have suggestions to improve the functionality of the site or need guidance on how to make or use a market, feel free to join the Discord server and speak to some of the community members for advice.
It's quite fascinating the types of markets we're seeing created. There's a lot of the obvious price speculations markets, but @r0nd0n created a really interesting market about predicting whether or not Donald Trump will be convicted or not. Now we're curious what else you all will figure out how to make.
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STOPCheck out the last post from @hivebuzz:
Good idea posting about markets my guess is a lot of people make mistake , or don’t know what they are doing .
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Gotta learn somehow! Happy to have you along for the ride.