Market Curation

One important topic about the users creating markets it’s that bettoooors can have guarantees that the market it’s legit according to a defined set of rules. As you may already know, our Smart Contracts can generate any market, with any question, so in order to protect the users of not well defined or illegal markets, we have added a curation layer for the markets. An example of a valid market will be some that has all the parameters well defined (for example, that doesn’t allow bets after the first event has started), or for example that the markets and events aren’t involved in illegal games or incite violence, just to mention some points. In order to have a decentralized curation of markets (yes, anyone can challenge the legality of a market in a period window) we decide to build on top of Kleros Curate. In this blog post of Kleros you can find a full explanation on how it works but a continuation you can find the most important points. It's important that you know that the market to be verified has to follow the policy of the registry that can be read from this link.

Curate it’s a mechanism to incorporate in a secure way items to a list. This list has some requirements (policy) and all the items submitted to the list have to meet them. In our case, this policy it’s about sports markets. The user that wants to incorporate their item (market) into the list has to submit the item and put a guarantee deposit. This market will be in a period of 3 days so anyone looking into the list can challenge the submission by putting a deposit too. If that happens, a dispute is raised in the Kleros Courts, and a randomly selected jury will deliver a ruling about whether the market should be incorporated in the list or not. The loser of the dispute pays the jurors fees, and the other part will receive their deposit. According to the jurors ruling, the market will be accepted or not into the list. If nobody challenges the submission or the jury decide that the market should be accepted, the market will earn the verified badge within the prode.eth markets and the deposit will be returned.

It’s important to highlight that in Curate there are a few parameters that are taken into account such as the market name, the timestamp until bets are allowed and the questions identifiers.

In general, you should not have any trouble making the validation, even more, from the front end we are going to facilitate you all the process, but be careful that the market follows the registry policies, because if not, you will lose the deposit.