Article
27 August 2026
What Does It Take to Create a New Prediction Market?
What an event contract is, how the Commodity Futures Trading Commission (CFTC) describes it, and which terms and conditions define the underlying event, outcome set, source hierarchy, settlement methodology, payout, and edge cases.
Definition
Derivative linked to an observable event or contingency
Terms
Underlying, parameters, outcomes, and timing
Resolution
Sources, criteria, methodology, and payout
Edge cases
Data failures, delays, cancellations, and review