For Market Creators

In prediction markets, Market Creators play a crucial role in establishing and maintaining markets. A Market Creator is an entity or individual responsible for initiating a prediction market by defining its terms, including fees, dates, the denominated market currency (token), and promoting the market to ensure maximum liquidity flow.

Here’s a breakdown of the key responsibilities and characteristics of Market Creators:

1. Initiating Markets: Market Creators propose and create markets by specifying the event or outcome they want to be predicted.

2. Setting Market Terms: Market Creators define the terms of the market, including specifying possible outcomes and the allowed tokens that can be used to participate.

3. Providing Liquidity: While Market Creators are not required to contribute initial liquidity to the market, placing initial bets can help kickstart trading.

4. Earning Fees: Market Creators earn fees for their role in establishing and maintaining the market. These fees are collected as a commission on participants' profits.

5. Market Monitoring: Market Creators monitor the market to ensure it reflects the most up-to-date information.

6. Adjusting Market Parameters: Depending on the rules of the prediction market platform, Market Creators have the authority to adjust certain non-critical parameters, such as the market description or the source of verification. However, most parameters cannot be changed once the contract is deployed to the blockchain, as it will be stored on decentralized storage.