πŸ“š Help & Getting Started

Everything you need to know about prediction markets

πŸš€ Getting Started

Step 1: Create an Account

Click "Sign In" in the top right corner, then select "Sign Up" to create your account. You'll receive 0.01 ETH as a welcome bonus to start trading!

Step 2: Browse Markets

Explore the available prediction markets on the homepage. Each market asks a yes/no question about a future event.

Step 3: Place Your First Bet

Click on any market to view details. Choose YES or NO, enter the number of shares you want to buy, and confirm your trade.

Step 4: Track Your Portfolio

Visit your Portfolio page to see all your active positions and track your performance.

🎯 What are Prediction Markets?

Prediction markets are platforms where you can bet on the outcome of future events. Think of them as a way to "vote with your money" on what you think will happen.

How They Work

  • Markets ask yes/no questions about future events (e.g., "Will Bitcoin reach $150,000 by end of 2025?")
  • Prices reflect the collective belief about the probability of each outcome
  • Traders buy shares in YES or NO based on their predictions
  • Winners receive payouts when the market resolves

Why Use Prediction Markets?

  • πŸ’° Profit from accurate predictions - If you're right, you make money
  • πŸ“Š See what the crowd thinks - Prices aggregate information from all traders
  • 🎯 Test your knowledge - Put your expertise to the test
  • πŸ“ˆ Diversify your portfolio - Bet on various topics and events

πŸ’‘ How Betting Works

Understanding Shares

When you bet on a market, you're buying shares. Each share represents a portion of the market's outcome:

  • If you buy YES shares and the market resolves YES, each share pays out 1 ETH
  • If you buy NO shares and the market resolves NO, each share pays out 1 ETH
  • If you're wrong, your shares become worthless (you lose your investment)

Understanding Prices

Prices are shown as percentages (e.g., "YES 58%" means YES shares cost 0.58 ETH each):

  • Lower prices = Lower probability, but higher potential profit if you're right
  • Higher prices = Higher probability, but lower potential profit
  • Prices change as people trade, reflecting the market's collective opinion

Example Trade

You think Bitcoin will reach $150,000 by end of 2025. The YES price is currently 58% (0.58 ETH per share).

  • You buy 10 YES shares at 0.58 ETH each = 5.8 ETH total cost
  • If Bitcoin reaches $150,000: You receive 10 ETH (1 ETH per share) = 4.2 ETH profit
  • If Bitcoin doesn't reach $150,000: You lose your 5.8 ETH investment

Payouts

When a market resolves:

  • Winning shares pay out 1 ETH per share
  • Losing shares become worthless
  • Payouts are automatically credited to your account balance
  • A small profit fee (1%) is deducted from your winnings

πŸ† What Happens When You Win or Lose?

When You Win

  1. Market Resolves - The market creator or admin resolves the market with the actual outcome
  2. Automatic Payout - If you hold winning shares, you automatically receive 1 ETH per share
  3. Profit Fee - A 1% fee is deducted from your profit (not from your original investment)
  4. Balance Updated - Your account balance is updated immediately
  5. Portfolio Updated - Your portfolio shows the closed position and profit

Winning Example

You bought 10 YES shares at 0.50 ETH each (5 ETH total). Market resolves YES.

  • Gross payout: 10 ETH (1 ETH Γ— 10 shares)
  • Your cost: 5 ETH
  • Your profit: 5 ETH
  • Profit fee (1%): 0.05 ETH
  • Net payout: 9.95 ETH
  • Net profit: 4.95 ETH

When You Lose

  1. Market Resolves - The market resolves with the opposite outcome
  2. Shares Become Worthless - Your shares have no value
  3. Loss Recorded - Your portfolio shows the closed position with a loss
  4. No Payout - You don't receive any ETH back

Losing Example

You bought 10 YES shares at 0.50 ETH each (5 ETH total). Market resolves NO.

  • Your investment: 5 ETH
  • Payout: 0 ETH
  • Total loss: 5 ETH

Risk Management

  • ⚠️ Only bet what you can afford to lose
  • πŸ“Š Diversify - Don't put all your funds in one market
  • 🎯 Do your research - Understand what you're betting on
  • ⏰ Check market end dates - Make sure you understand when markets resolve

❓ Frequently Asked Questions

How do I get started?

Create an account by clicking "Sign In" β†’ "Sign Up". You'll receive 0.01 ETH free to start trading!

How do I deposit ETH?

Click the "Deposit" button in the navbar once you're signed in. You can connect a MetaMask wallet to send ETH directly, or use a debit/credit card via Ramp Network. Your deposit address is unique to your account β€” send ETH there and it will be credited within a few minutes after on-chain confirmation.

What is practice balance?

New accounts start with 0.01 ETH free so you can place your first trades right away β€” no deposit required. Practice ETH cannot be withdrawn. Make a real ETH deposit to withdraw your winnings to your own wallet.

Is my ETH safe? How does custody work?

Orny holds your ETH in a secure custody wallet. All trades are settled off-chain in our database for speed and zero gas costs. Your funds are safe and you can request a withdrawal at any time. Withdrawals are processed manually within 24–48 hours. We are actively working toward on-chain settlement in a future update.

How are markets resolved?

Orny's team verifies real-world outcomes and resolves markets using public, verifiable sources (official announcements, trusted data providers, etc.). Resolution criteria are listed on each market's detail page. If the outcome is unclear, a market may be cancelled and all funds refunded.

What are the trading fees?

Orny charges a 2.5% fee on each trade and a 1% fee on profits at resolution. The profit fee is only deducted from your net gain β€” never from your original investment.

How long do withdrawals take?

Withdrawals are processed manually within 24–48 hours. You'll receive an email notification when your ETH has been sent. If you haven't received it after 48 hours, please contact support.

How much does it cost to place a bet?

The cost depends on the current price and how many shares you buy. For example, if YES is at 60%, each share costs 0.60 ETH. Buying 10 shares would cost 6 ETH.

Can I sell my shares before the market resolves?

Currently, shares can only be redeemed when the market resolves. We're working on adding the ability to sell shares early!

How are market prices determined?

Prices are determined by supply and demand - as more people buy YES, the YES price goes up. Prices reflect the collective probability assessment of all traders.

Who resolves the markets?

Markets are resolved by the market creator or platform administrators based on objective, verifiable criteria specified in the market description.

Can I create my own markets?

Yes! Visit the Ideas page to propose new markets. Popular ideas may be turned into official markets.

What if a market is cancelled?

If a market is cancelled, all traders receive a refund of their original investment (cost basis) for both YES and NO shares.

How do I see my trading history?

Visit your Portfolio page to see all your active positions, past trades, and performance statistics.