❓FAQ
Last updated
Last updated
What is an exotic market? An exotic market is a positional market created around an open ended market question. Anyone can create a market (see Market Creation Guidelines for details) and anyone can participate in a market. Thanks to the security and decentralization of the Ethereum blockchain, your participation in Exotic Market's can not be restricted.
What is a Parimutuel Market? A Parimutuel Market is a market where participants place collateral in a shared pool, with payout to winners determined once the market is resolved. Odds and potential payouts change as more participants and collateral enter the pool, with the final payout equaling the total pool (minus the house fee) shared across all winning positions. See more in Thales' .
What are some examples of an exotic market? An exotic market can be created around any market question and categorized by a number of tags, including the following: Sports, Political-Elections, Crypto, E-Sports, Pop-culture, Macro-Economics, Finance and Web3, with more on the way.
An example market question could be "Who will become the Governor of Illinois on November 2nd 2022?", with positions such as "JB Pritzker", "Richard Irvin" and "Another Candidate".
What can and can't be created as a market? See Market Creation Guidelines
How are markets reviewed? Anyone can review a market and if they feel the market is not legitimate they can dispute it. The Oracle Council is responsible for accepting or denying a dispute. See Disputing a Market for the process to dispute a market.
How is Exotic Markets governed? While Exotic Markets is a separate entity from the Thales protocol, it does utilize Thales' smart contracts and is governed by the Thales DAO, the Thales Council and the Oracle Council. See the Governance Page for more info.
What collateral can I use to buy positions? Exotic Markets use sUSD as the main form of collateral (You can learn more in Thales' ) but also supports purchasing positions using USDT, USDC, and DAI.
sUSD USDT USDC DAI
