# Prediction Markets

Groovy Market allows users to create and participate in Yes/No prediction markets, meaning users predict on whether an event will or won’t happen.

## Available Market Categories

• Sports Events – Users can create markets based on real-world sports outcomes.

• Crypto & Traditional Markets  – Additional financial and trading-related predictions will be introduced.

• General Events – With the integration of truth oracles, Groovy Market will support a broader range of topics, allowing users to create prediction markets about nearly anything.<br>

## How to Participate

• Choose a Market – Browse available markets and find an event you want to participate.

• Buy Yes or No Shares – Each market follows a binary structure (Yes/No), letting users bet on the outcome.

• Monitor & Trade – Users can buy or sell their positions before resolution.<br>

## Market Resolution

• API-Based Resolution (Initial Phase) – Market outcomes are determined by reliable third-party APIs.

• Truth Oracles (Future Update) – As Groovy Market evolves, decentralized oracles will be introduced for broader market verification.<br>

## Earnings for Market Creators

Market creators earn 1% of all trading volume generated by their markets, paid out when the market is resolved.