Step-by-step guide on how to create a market in Polkamarkets.
POLK holders are able to create markets and are essential users of the Polkamarkets Protocol.
The minimum balance you'll need to hold in your wallet is 1,000 POLK. This amount will not be deducted from your balance when creating a market**.**
Before you proceed, get acquainted with the Market Curation Guidelines to make sure you create a prediction market that is likely to be upvoted by other Polkamarkets users.
Step 0: Decide the network on which you'll create your Market
You can create your market on either Moonbeam, Moonriver or Polygon. Make sure you connect your MetaMask to the right network before continuing.
Step 1: Get POLK on Moonriver, Moonbeam or Polygon
To create a Prediction Market, you'll need at least 1,000 POLK in your wallet.
Step 2: Navigate to the “Create Market” page.
Head to the “Create Market” page. You can navigate there by clicking “Create Market” on the top right corner (see image below), or by browsing the following URL: https://app.polkamarkets.com/market/create
You’ll be prompted with the following message if you do not have enough POLK in your balance. To solve it, head back to step 1 to get POLK in your wallet.
Step 3: Fill in Market details as your first step to market creation
Fill out the form with market details — Question, Description (must be at least 100 characters long), Category, Subcategory, Resolution Source (URL), Closing Date, and Image Thumbnail. All the fields are required.
Note: The number of outcomes is 2 by default and its probabilities are set to start at 50%-50%. However, you can set different initial probabilities, as well as having more than two outcomes.
