How Palacast works
Palacast is a prediction market. Each market is a question about a real event. You stake CAST on the answer you expect, and if you're right you get a share of everything staked on that market.
Chances, not prices
Each outcome shows a percentage. It's the chance the market gives that outcome right now, based on everything staked so far. Over 50% means people lean Yes, under 50% means No.
The percentage is also the price you stake at. Enter an amount and the panel shows your payout if you win, before you confirm.
One shared pool
All stakes on a market, Yes and No, go into one pool. Your stake buys points. When the market settles, the pool is split among the winning side by points.
- Market
- Will it snow in Seoul on New Year's Eve?
- Already in the pool
- 4,820 CAST62% Yes
- You stake
- 100.00 CASTYes
- You get
- 161 points
- If Yes wins, you receive
- 158.06 CAST1.58×
- If No wins
- 0.00 CAST
Palacast takes a small fee from the winning pool at settlement. That is the only fee. Staking, listing and buying listings cost nothing.
Selling early
You can't sell back to the pool, but you can list your points at a price you set. Another trader buys them and pays you. The pool stays the same, so the odds don't move.
Buying a listing works the other way. You take over someone's points at their price. The panel shows whether that's cheaper or more expensive than staking directly.
How markets settle
When the event is decided, the market settles Yes or No according to the rules on its page. Winnings go to your balance automatically.
If a question can't be settled fairly, the market is cancelled and everyone gets their share of the pool back. If you bought points from another trader, you get the pool share behind those points, not the price you paid.
- You paid for a listing
- 60.00 CAST
- Pool share behind those points
- 23.25 CAST
- Market cancelled, you get back
- 23.25 CAST
Getting started
Common questions
No. The most you can lose is the amount you put in.
Someone staked while you were typing and the pool moved. You get the amount you confirm, within 2%.
They settle on their own. Winnings go to your balance. Losing points expire.