Creating a Market on Foremarket

How users and teams define, parameterize, and deploy markets without permission.

Market creation on Foremarket is designed to be explicit, mechanical, and accountable. Creating a market is not a social action or a suggestion. It is a protocol-level operation that results in a live financial instrument.

A Foremarket market begins with question definition. Questions must be precise, time-bounded, and objectively resolvable. Ambiguity is the primary enemy of prediction markets, so Foremarket enforces structure at creation time rather than relying on moderation later.

A canonical market definition includes:

MarketDefinition {
  question: string
  outcomes: array<string>
  expiry_timestamp: uint64
  resolution_rule: bytes
  oracle_type: enum { ExternalOracle, CreatorResolver, Hybrid }
  creator_bond: uint256
  trading_fee_bps: uint16
}

Each field is mandatory. There are no “default questions” or informal markets. If a market can be defined, it can be traded. If it cannot be defined clearly, it should not exist.

The creator bond is central to the system. When a market is created, the creator posts collateral that remains locked until resolution. This bond serves two functions. First, it discourages malicious or low-quality market creation. Second, it provides an economic backstop in the event of disputes or failed resolution. Poorly specified markets are not filtered by human review. They are filtered by cost.

Once the market definition is submitted, the market is deployed as an on-chain object. At this point, it enters the Draft state. Draft markets are visible, indexable, and reviewable, but not yet tradable. This allows the community to inspect parameters and flag issues before capital is at risk.

Activation occurs either automatically after a minimum delay or manually by the creator, depending on configuration. Once active, the market becomes immutable. Questions, outcomes, and resolution rules cannot be changed. From this point on, the market behaves like any other financial primitive: open to all participants, governed by code.

Foremarket deliberately avoids platform-level curation. There is no whitelist of topics, domains, or users. The protocol assumes that bad markets will exist, and designs incentives so that they fail economically rather than socially. Good markets attract liquidity. Bad markets do not.

By turning market creation into a deterministic, permissionless operation, Foremarket allows prediction markets to scale horizontally. The platform does not need to anticipate what people want to predict. It only needs to guarantee that, once defined, markets behave predictably, fairly, and transparently.

This is what enables Foremarket to support thousands or millions of markets without central coordination.