Permissionless Market Creation

Why letting anyone create markets turns prediction markets from products into infrastructure.

Foremarket is built around a single, non-negotiable principle: anyone should be able to create a market.

This is not a feature. It is the foundation of the system.

In Foremarket, markets are not centrally curated objects. They are permissionless, on-chain constructs that users, teams, and applications can define, deploy, and own. The platform does not decide which questions are worth asking. It provides the machinery to turn well-formed questions into tradable markets, and then steps out of the way.

At a technical level, a market on Foremarket is defined by a small, explicit schema:

Market {
  question: string
  outcomes: [O1, O2, ... On]
  expiry_timestamp: uint64
  resolution_source: Oracle | Resolver | Hybrid
  creator_bond: uint256
  fee_parameters: struct
}

Any user or team that supplies these parameters can instantiate a market. There is no approval queue, no editorial gatekeeping, and no platform-level veto. Market creation is a transaction, not a request.

This design has several profound consequences.

First, it unlocks the long tail of information. Domain experts can create markets around questions they uniquely understand. Communities can create markets around events that matter to them. Teams can create internal or external forecasting markets tied to product launches, milestones, or KPIs. The information surface expands horizontally instead of vertically.

Second, it aligns incentives at the point of creation. Market creators are not passive suggestion-makers. They are economically accountable participants. Each market requires a creator bond, which is slashed in the event of malicious, ambiguous, or unresolvable questions. This enforces question quality without centralized moderation.

Third, it allows markets to be contextual and ephemeral. Not every market needs to live forever or appeal to the global audience. Some markets are only relevant for hours. Others are relevant to a small group. Permissionless creation makes this viable. Closed platforms cannot support this without operational collapse.

Foremarket also treats market creation as composable. Teams can create markets programmatically via SDKs. Applications can embed Foremarket markets directly into their products. Communities can spin up forecasting layers without building infrastructure from scratch.

Most importantly, permissionless creation changes who prediction markets are for. They stop being platforms where users react to questions chosen by others. They become systems where questions emerge organically from where information lives.

This is the difference between a marketplace and a market factory.

Foremarket does not aim to host the “most important” markets. It aims to make any question that can be resolved economically legible. Once creation is permissionless, relevance becomes emergent. Liquidity follows signal. Prices follow truth.

Everything else in the protocol exists to support this premise.