Prediction Market
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CoinUp Prediction Market FAQ
To help users better understand and use CoinUp Prediction Market, we have compiled the following Frequently Asked Questions (FAQ).
I. Product Overview
1. What is CoinUp Prediction Market?
CoinUp Prediction Market is an innovative trading platform that allows users to trade based on the outcomes of real-world events.
Users can participate using USDT by purchasing:
- Yes
- No
to express their prediction regarding the outcome of a specific event.
Prediction markets cover a wide range of categories, including:
- Cryptocurrency
- Sports
- Politics
- Technology
- Culture
- Economy
When a market is settled:
- Winning positions will be settled according to the final market outcome;
- Losing positions will become worthless.
Market prices fluctuate in real time and reflect the collective expectations of participants regarding the probability of an event occurring.
2. How is Prediction Market different from traditional trading?
Traditional spot and futures trading primarily focus on the price movement of assets.
Prediction Markets, on the other hand, focus on the outcomes of specific events, such as:
- Will BTC exceed a certain price before a specified date?
- Will a particular team win a championship?
- Will a project successfully launch its mainnet?
- Will a specific policy be approved?
Users do not need to predict the magnitude of price movements; they only need to determine whether an event will occur.
II. Account & Funds
3. How do I participate in Prediction Market?
To participate:
- Register a CoinUp account;
- Complete KYC verification;
- Transfer USDT to your Prediction Wallet;
- Select a market and purchase Yes or No shares;
- Wait for settlement or close your position before settlement.
4. Why is KYC verification required?
Due to regulatory requirements in certain jurisdictions, Prediction Market services may not be available in some countries or regions.
To ensure compliance, users must complete KYC verification before participating in Prediction Market trading.
5. Why am I unable to transfer funds?
Possible reasons include:
- Open orders or active positions;
- Frozen assets in your account;
- Ongoing risk control review;
- Incomplete KYC verification;
- Transfer services temporarily suspended during system maintenance.
If the issue persists, please contact Online Support for assistance.
6. Why haven't my transferred funds arrived immediately?
The Prediction Wallet and Spot Account operate under separate asset management systems.
Transfer requests are typically processed within 10 minutes.
If your funds have not arrived after an extended period, please contact Online Support for assistance.
III. Trading Rules
7. What do Yes and No represent?
Yes
Indicates that you believe the event will occur.
No
Indicates that you believe the event will not occur.
For example:
Question:
Will BTC exceed 150,000 USDT before December 31, 2026?
- Buy Yes = You believe it will exceed 150,000 USDT;
- Buy No = You believe it will not exceed 150,000 USDT.
8. What does the market price represent?
The market price reflects the market's current expectation of the probability that an event will occur.
Prices fluctuate in real time based on trading activity between buyers and sellers.
9. Can I exit my position before settlement?
Yes.
You may sell your Yes or No shares at any time before market settlement.
The execution price will depend on the current market price and available market liquidity.
10. Why is my available balance insufficient?
The following assets may be temporarily unavailable:
- Funds currently used in open positions;
- Funds undergoing transfer or withdrawal processing;
- Funds under risk control review;
- Other frozen assets.
Frozen assets cannot be used for new trades.
11. Why am I unable to place trades?
Please ensure that:
- Your Prediction Wallet has sufficient balance;
- The market is open for trading;
- The event has not entered the settlement stage;
- KYC verification has been completed;
- Your account is not subject to risk control restrictions.
IV. Market Settlement
12. How are markets settled?
CoinUp determines market outcomes based on a combination of:
- Official data sources;
- Authoritative third-party data providers;
- Trusted oracle data;
- Professional review and verification procedures.
Each market will clearly specify its settlement rules and data sources in advance.
13. When will a market be settled?
Markets are generally settled as soon as the event outcome is confirmed.
In some cases, settlement may require additional time while waiting for:
- Official announcements;
- Final data confirmation;
- Manual review and verification.
The actual settlement time displayed on the market page shall prevail.
14. Why hasn't the market been settled even though the result is already known?
Possible reasons include:
- Awaiting final official confirmation;
- Disputed outcomes requiring further review;
- Data sources have not yet been updated;
- Ongoing risk control or verification procedures.
To ensure fairness, CoinUp will only settle markets after the outcome has been fully confirmed.
15. What happens if a market outcome cannot be determined?
Under special circumstances, such as:
- Event cancellation;
- Absence of official results;
- Conflicting data sources;
- Invalid or unverifiable events;
CoinUp reserves the right to:
- Declare the market invalid;
- Refund affected participants;
- Resolve the market according to the pre-defined market rules.
Any final resolution will be announced through official channels.
V. Market Creation & Review
16. Who can create a market?
Individual users, partners, and institutions may submit market creation requests.
Submissions should include:
- A clear event description;
- Well-defined settlement criteria;
- Reliable data sources;
- An estimated end date.
17. What are the review criteria for market approval?
CoinUp evaluates markets based on:
- Clarity of the event description;
- Verifiability of the outcome;
- Compliance with applicable laws and regulations;
- Market demand and relevance;
- Potential risks of manipulation.
Only approved markets will be listed for trading.
18. Can market rules be modified?
As a general principle, core market rules will not be modified after a market goes live.
However, under exceptional circumstances, such as:
- Changes in official data;
- Ambiguities in rule interpretation;
- Obvious factual errors;
CoinUp may issue clarification announcements.
Any updates or clarifications will be publicly disclosed.
VI. Fees & Promotions
19. What fees does Prediction Market charge?
Fee structures may vary across different markets.
A trading fee will be charged for each executed order based on the applicable fee rate of the corresponding market.
20. Are there any holding fees?
No.
There are no additional holding fees charged while positions remain open before settlement.
21. Will there be promotional campaigns or rewards?
CoinUp may periodically launch promotional events, including but not limited to:
- Trading competitions;
- Market creation rewards;
- Community engagement campaigns.
Please refer to official announcements for specific event details and rules.
VII. Risk Disclosure
22. Does Prediction Market involve risk?
Yes.
Prediction Market trading is subject to uncertainties related to real-world events, and market prices may fluctuate significantly.
Users should fully understand the applicable rules and risks before participating and make decisions based on their own risk tolerance.
CoinUp does not guarantee profits or investment returns. Users are solely responsible for any gains or losses resulting from their trading activities.
If you have any further questions, please contact CoinUp Online Support for assistance.
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CoinUp Prediction User Guide
This guide provides step-by-step instructions to help you transfer funds, participate in prediction market trading, and manage your positions on CoinUp Prediction.
📱 App Version
Step 1: Access Prediction Market and Transfer Funds
Before participating in Prediction Market trading, you must first transfer USDT from your Spot Account to your Prediction Wallet.
Instructions：
1. Enter Prediction Market
Open the CoinUp App and tap [Prediction] on the homepage.
2. Open Wallet
Tap the [Wallet] button located in the lower-right corner.
3. Initiate a Fund Transfer
On the Wallet page, tap [Transfer In / Out] next to Total Assets.
4. Transfer Funds
Select [Transfer In], enter the amount of USDT you wish to transfer, and confirm the transaction.
Notes
- The minimum transfer amount is 1 USDT.
- Only USDT is supported for Prediction Market trading.
- Transfer requests are subject to system review and approval.
- Under normal circumstances, funds will be credited within 10 minutes.
- Actual processing times may vary depending on system reviews and network conditions.
Once completed, your updated balance will be displayed in your Prediction Wallet.
Step 2: Participate in Prediction Market Trading
After your Prediction Wallet has sufficient available balance, you can begin participating in prediction markets.
Instructions：
1. Select a Market Category
Browse and select a category that interests you, such as:
- Popular
- World Cup
- Latest
- Politics
- Economy
2. Enter a Market
Select a market to view its details.
For example: "World Cup: France Stage of Elimination"
3. Choose Trading Mode and Prediction Direction
CoinUp Prediction supports two trading modes:
Market Order
- Execute immediately at the current market price.
- Faster order execution.
Limit Order
- Set your preferred purchase price.
- The order will execute once the market reaches your specified price.
After selecting a trading mode, choose your prediction:
- Buy Yes – You believe the event will occur.
- Buy No – You believe the event will not occur.
4. Enter Trading Amount
Enter the amount you wish to participate with.
The minimum trading amount is subject to the amount displayed on the trading page.
The system will display:
- Current Market Price
- Estimated Win amount
5. Submit Your Order
Review the order details and click [Trade] to proceed.
Once the transaction is completed, your position will be displayed under:
Wallet → Positions
Tips
- Trading is available until the market enters the settlement phase.
- Prices fluctuate in real time based on market activity.
- Please review the market rules and settlement criteria carefully before trading.
Step 3: Exit a Position Early (Sell)
Instructions：
1. Select the Position You Wish to Sell
Under [Wallet] → [Active Positions], select the prediction market position you would like to exit.
2. Sell the Position
Tap [Shares to sell] in the lower-right corner and enter the number of shares you wish to sell.
3. Confirm the Transaction
Review the estimated proceeds and tap [Trade] to complete the sale.
After execution, your position will be reduced or fully closed.
Notes
- Sell orders execute based on the current market price.
- Early exits may result in either profits or losses.
- Settled markets cannot be sold.
- Trading will be suspended once a market enters the settlement phase.
💻 Web Version
Step 1: Access Prediction Market and Transfer Funds
Instructions：
1. Log in to CoinUp
Sign in to your CoinUp web account.
2. Enter Prediction Market
Click [More] → [Prediction Market] from the navigation menu.
3. Transfer Funds
On the Wallet page, tap [Transfer In / Out] next to Total Assets.
4. Enter Transfer Amount
Enter the amount of USDT you wish to transfer and confirm the transaction.
Notes
- Minimum transfer amount: 1 USDT
- Transfer requests are subject to system review
- Funds are typically credited within 10 minutes
- Actual processing times may vary depending on system review results
Step 2: Participate in Prediction Market Trading
Instructions：
1. Select a Market Category
Choose a category from the Prediction Market homepage.
Examples include:
- Trending Events
- FIFA World Cup
- Sports
- Politics
- Economy
2. Enter a Market
Select the market you wish to participate in.
For example: "World Cup: France Stage of Elimination"
3. Choose Trading Mode and Prediction Direction
CoinUp Prediction supports two trading modes:
Market Order
- Execute immediately at the current market price
- Faster order execution
Limit Order
- Set your desired purchase price
- The order will execute once the market reaches your target price
After selecting the trading mode, choose your prediction:
- Buy Yes – You believe the event will occur.
- Buy No – You believe the event will not occur.
4. Enter Trading Amount
Enter the amount you wish to trade.
Minimum participation requirements are subject to the amount displayed on the trading page.
The system will display:
- Current Price
- Estimated Win amount
5. Submit Your Order
After confirming all details, click [Trade] to place your order.
Upon successful execution, the following will be deducted from your Prediction Wallet:
- Trading Principal
- Applicable Trading Fees
Your active positions can be viewed under:
Wallet → Positions
Step 3: Exit a Position Early (Sell)
Instructions：
1. Select the Position to Sell
Locate the position you wish to exit.
Under Positions, click [Sell] on the far right side of the corresponding position.
2. Enter the Quantity
Enter the number of shares you wish to sell.
You may choose to:
- Sell all shares
- Sell part of your position
3. Confirm the Transaction
Review the order details carefully and click [Withdraw] to complete the sale.
Once the transaction is successful, the corresponding position will be reduced or fully closed.
Notes
- Positions may be sold at any time before market settlement.
- The execution price is based on current market conditions.
- Early exits may result in either profits or losses.
- Markets that have entered the settlement phase can no longer be traded.
- Settled markets cannot be sold.
Important Notice
- Please review all market rules and settlement criteria before participating.
- Market prices fluctuate in real time based on trading activity.
- You may sell your position before settlement to lock in profits or reduce risk.
- Markets entering the settlement phase will no longer accept trades.
- Prediction Market trading involves risk. Please participate responsibly according to your risk tolerance.
- Final settlement results are determined in accordance with the published market rules and official settlement announcements.
Need More Help?
If you encounter any issues while using CoinUp Prediction, please contact our online customer support team.
For more information, please refer to:
Thank you for supporting CoinUp Prediction.
CoinUp Team