Help Center
Everything you need to know about prediction markets and RFQ trading
Quick Start Guide
Learn how to trade in 5 easy steps
Discover Markets
Browse prediction markets on events that matter to you
Explore our marketplace featuring binary, categorical, and scalar markets across crypto, sports, politics, and more. Use filters to find markets by category, resolution date, or volume.
Market Types
Different prediction market formats available
Binary
Simple YES or NO outcomes. Successful outcome pays $1.00 per contract.
"Will BTC reach $100k in 2025?"
Categorical
Multiple mutually exclusive outcomes. One winner takes all.
"Who wins the 2024 World Cup?"
Scalar
Outcome is a value in a range. Payout based on distance.
"What will CPI be in December?"
Parlay
Multiple conditions with AND/OR logic. Complex combinations.
"BTC >$100k AND ETH >$5k"
How RFQ Works
From quote request to settlement
You (Taker)
- Request quotes for any size
- Get firm prices - no slippage
- Choose the best quote
- Pay taker fee (0.1-1%)
The Platform
- Routes RFQs to qualified makers
- Aggregates competing quotes
- Executes atomic settlement
- Stores evidence on IPFS
Market Makers
- Compete to fill your order
- Submit binding signed quotes
- Earn rebates for liquidity
- Build reputation (MQS score)
AI-Powered Creation
Create markets with natural language
What Our AI Can Do
- Natural Language Input
Describe your market in plain English - "Create a binary market about Bitcoin reaching $100k by end of 2025"
- Smart Field Extraction
AI automatically fills in market type, resolution date, sources, and other parameters from your description
- RFQ Assistance
Tell the AI "Request to buy 500 YES contracts at 60¢" and it fills your RFQ form instantly
- Guidance & Answers
Ask questions about platform features, market creation best practices, or trading strategies
Title:
I've extracted the following for your market:
Type: Binary (YES/NO)
Title:: Will the Fed cut rates in March 2025?
Source: Federal Reserve FOMC statements
Resolution: March 31, 2025
Our Technology
Built on Ault, powered by AI
Ault Blockchain
Next-generation blockchain for programmable finance with hybrid PoW/PoS consensus and full EVM compatibility.
- Hybrid PoW + PoS consensus
- Full EVM compatibility
- AI-enabled oracles
Guides by Role
Start learning based on your trading style
Getting Started as a Trader
Beginner
- 1Connect your wallet (Metamask, WalletConnect)
- 2Browse markets and find interesting events
- 3Submit an RFQ with a modest number of contracts
- 4Accept the best quote and receive contracts
Execution Best Practices
- Check maker MQS scores before accepting quotes
- Use private RFQs for large positions (>$50k)
- Monitor resolution challenge periods
- Set realistic limit prices based on recent trades
Glossary
Key terms and definitions
- RFQ
- Request-for-Quote - a process where you request firm prices from multiple market makers
- Taker
- A user who initiates RFQs to request to buy or sell position contracts
- Maker
- A professional liquidity provider who responds to RFQs with quotes
- Quote Ladder
- Ordered list of competing quotes from best to worst price
- Firm Quote
- A binding quote that the maker must honor for the quote validity duration
- Slippage
- Difference between expected and executed price - zero with RFQ firm quotes
- Quote Validity
- How long a quote remains valid and binding (typically 90-240 seconds)
- MQS
- Maker Quality Score - reputation metric based on fill rate, speed, and pricing
- Limit Price
- Maximum price you'll pay (BUY) or minimum you'll accept (SELL) in an RFQ
- Fill Rate
- Percentage of submitted quotes that get accepted by takers
- Partial Fill
- Accepting multiple quotes to complete your desired RFQ quantity
- Notional Value
- Total value of a position: quantity × price per contract
- Spread
- Difference between best bid (buy) and best ask (sell) price
- Open Interest
- Total number of outstanding contracts in a market
- Volume
- Total number of contracts traded over a time period
- Liquidity
- Ability to trade without significantly affecting the price
Frequently Asked Questions
Common questions answered
Troubleshooting
Common issues and solutions
Wallet Won't Connect
- • Verify you're on Base network (Chain ID: 8453)
- • Clear browser cache and cookies
- • Try different browser or incognito mode
- • Update wallet extension to latest version
- • Disable other wallet extensions
Transaction Failed
- • Check you have enough ETH for gas fees
- • Ensure you have enough USDC for trade
- • Quote may have expired (90-240s validity)
- • Maker may have insufficient inventory
- • Try refreshing and creating new RFQ
USDC Not Showing
- • Add USDC token to wallet manually
- • Confirm you're on Base network
- • Check block explorer for balance
- • Allow a few minutes for bridge completion
No Quotes Received
- • Market may be new with few makers active
- • Your limit price may be unattractive
- • Try increasing quantity (some makers have minimums)
- • Wait 30-60 seconds for makers to respond
- • Check if market is still active
Positions Not Showing
- • Refresh the page (positions load from blockchain)
- • Transaction may still be confirming (check wallet)
- • Verify connected wallet is correct one
- • Check Portfolio tab, not Markets tab
- • Clear cache if issue persists
Can't Redeem Position
- • Market must be finalized (wait for challenge period)
- • Ensure you hold the winning outcome
- • Check you have ETH for gas fees
- • Verify market wasn't voided
- • Try again in a few minutes if network congested
Platform Limits
Important restrictions and requirements
Trading Limits
Time Restrictions
Financial Requirements
Security Restrictions
Geographic Restrictions
The platform uses geofencing and is not available in certain jurisdictions. Users from restricted regions will be blocked at the wallet connection level. VPN usage to circumvent restrictions violates Terms of Service and may result in account suspension and fund seizure.
Quick Reference
In-depth guides on key topics
Advanced Topics
Deep dives and technical resources
Understanding Contract Prices
Learn how to interpret contract prices and identify trading opportunities via RFQ.
- • Prices shown are last trade prices (in cents)
- • 60¢ = contract price of 60 cents per share
- • Each RFQ may result in different prices
- • Factor in fees when calculating value
Complete Set Mechanics
Master minting and burning complete sets for arbitrage and instant position exits.
- • Mint: Deposit $1 → receive all outcomes
- • Burn: Return all outcomes → receive $1
- • Arbitrage: If sum of prices > $1, sell both
- • Exit: Buy missing side, burn set instantly
Hedging Strategies
Protect positions and reduce risk through strategic hedging techniques.
- • Buy opposing outcome to lock in profits
- • Hedge correlated markets (BTC/ETH)
- • Dynamic hedging as probabilities shift
- • Use parlays for portfolio hedging
API Integration
Automate trading and market making with our comprehensive API.
- • REST API for market data and trading
- • WebSocket feeds for real-time RFQs
- • Rate limit: 100 requests/second
- • Full documentation at docs.bitnile.com
Smart Contract Details
Technical details about the on-chain contracts powering the platform.
- • ERC-1155 for position tokens
- • EIP-712 for signed quote commitments
- • Atomic settlement via smart contracts
- • Verified on BaseScan explorer
Market Psychology
Understand how news, events, and crowd behavior affect prediction markets.
- • Markets overreact to breaking news
- • Mean reversion after panic/euphoria
- • Watch for base rate neglect
- • Contrarian opportunities in extreme sentiment
Oracle Data Sources
How markets are resolved using objective, verifiable data sources.
- • Primary + fallback sources required
- • Data stored immutably on IPFS
- • Blockchain data for crypto events
- • API snapshots for market data
Kelly Criterion
Optimize position sizing based on your edge and bankroll management.
- • f* = (bp - q) / b for optimal bet size
- • b = odds, p = win probability, q = 1-p
- • Use fractional Kelly (25-50%) for safety
- • Prevents over-betting and bankruptcy
Event Research
Resources and techniques for researching market outcomes before trading.
- • Read primary sources, not summaries
- • Check historical base rates
- • Follow credible experts, not influencers
- • Build decision framework before trading
Security Best Practices
Protect your funds and account
Wallet Security
Phishing Prevention
Trading Security
Compliance & Legal
Risk Disclosure
Trading prediction markets involves substantial risk of loss. Only trade with capital you can afford to lose entirely. Past performance does not guarantee future results. Market outcomes can be uncertain and volatile. Platform smart contracts, while audited, carry inherent technical risks. No investment advice is provided. This platform is for informational and entertainment purposes. Consult financial, legal, and tax professionals before trading.
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