BetWise is a decentralized prediction market platform built on Solana where users and creators can earn SOL by betting on real-world events and creating popular markets.
For Bettors:
• Make accurate predictions and win SOL from the pool
• Trade positions before market closes to lock in profits
• Winners split the entire pool based on their shares
• Only pay 2% fee on your PROFIT when you win or sell with gains
For Market Creators:
• Earn 1% from ALL profits made in your market
• Commission taken only when traders make profit
• Passive income as long as your market attracts successful traders
• Popular markets with high win volume generate more revenue
• Claim your creator earnings after market resolves
Total Fee: 2% on PROFIT ONLY
• 1% Platform Fee - funds insurance, development, and operations
• 1% Creator Fee - goes to the market creator as commission
• No fees if you lose or break even!
Example: You invest 10 SOL, win 15 SOL (5 SOL profit) → 0.1 SOL fee (2% of 5 SOL profit)
• You receive: 14.9 SOL (original 10 + 4.9 profit after fees)
1. Connect Wallet: Connect your Phantom or Solflare wallet
2. Choose a Market: Browse active markets or search for events
3. Place Your Bet: Select YES or NO and enter amount in SOL (no upfront fees)
4. Trade or Hold: Sell anytime before close date or wait for resolution
5. Claim Winnings: If you win, claim your share (2% fee deducted from profit only)
BetWise uses an AMM system with dynamic pricing:
• Prices adjust automatically based on supply and demand
• When you buy YES, YES price increases and NO decreases
• Sell pressure moves prices in opposite direction
• Small markets (< 0.1 SOL volume) have reduced slippage protection
• Larger pools = better prices and lower slippage
• Invested: Your full bet amount (no fees deducted)
• Current Value: What you'd receive if selling now
• P&L: Profit/Loss after 2% fee on profit (if profitable)
• Shares: Your portion of YES or NO tokens
• Sell anytime before market closes - only pay fees if you profit
How to Create:
• Click "Create" button in navigation
• Set question, description, category, image, and close date
• No upfront payment - markets start with virtual liquidity
• You control resolution after close date
Creator Benefits:
• Earn 1% from all profits made by traders in your market
• Example: Traders make 100 SOL total profit = 1 SOL to you (1% creator fee)
• High-volume profitable markets generate passive income
• Claim creator fees after market resolves
• Creator fees are separate from your own betting outcomes
Resolution Process:
• Trading stops at close date
• Creator resolves market as YES, NO, or CANCEL
• Winners split the entire pool proportionally by shares
• Losers lose their investment
• Cancelled markets refund everyone's positions
Claiming Winnings:
• Visit resolved market page
• Click "Claim Winnings" to receive your payout
• SOL sent directly to connected wallet
• Creators claim both winnings (if they bet) AND creator fees
• Each payout claimed separately, once per market
When Markets Get Frozen:
• Suspicious trading patterns detected
• Ambiguous or unclear market outcomes
• Manipulation attempts or coordinated betting
• Disputed resolution by creator
Effects of Freezing:
• All trading immediately paused
• Positions locked until investigation completes
• Moderators review evidence and resolve dispute
• Market unfrozen or resolved based on findings
• All transactions recorded on Solana blockchain
• Funds held in secure liquidity pools, not by platform
• Creators cannot withdraw pool funds before resolution
• Anti-manipulation: AI monitors suspicious patterns
• Insurance fund protects against edge cases (funded by 2% platform fee)
• Regular smart contract security audits
• Transparent fee distribution (2% platform, 1% creator)