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What you are trading, how it is priced, and where your money is.

Markets

What is a market?

A yes-or-no question about one asset with a deadline. "Will DELL close above $528?" Yes and No are shares that pay $1 if right and $0 if wrong. The price of Yes is the market's chance that it happens.

How is the price set?

An automated market maker quotes both sides at all times. Buying Yes moves the Yes price up; selling moves it down. You can sell back before the deadline at whatever the price is then.

How does it resolve?

From on-chain data only. Stock markets use the price feed's last print of the session. Memecoin markets use the pool price, taken as a median of swaps so a single trade cannot decide it. Winners are paid within minutes of the deadline.

Where do the assets come from?

Tokenized stocks and graduated memecoins on Robinhood Chain. A memecoin is listed once it has traded after graduating, so every price on the board is one somebody actually paid.

Parlays

What is a parlay?

Two to six picks on one ticket. Each pick is an asset and a direction. Every pick has to reach its target before the window closes for the ticket to pay. One pick misses, the ticket loses.

What is the target?

A price move, sized so that each pick is equally likely to land whatever the asset. Near, Mid and Far are how big a move you are asking for — Far pays more because it is less likely. A stock and a memecoin at Mid are the same odds, so the memecoin's target is a much bigger move.

What does "locks" mean?

A pick that reaches its target is done, even if the price falls back afterwards. Only picks still short of their target can lose the ticket.

Why is the multiplier not the product of the picks?

Because picks move together. Six memecoins that rise as a group are barely harder to hit than one, and the price says so. Mixing a stock in lowers the correlation and raises the multiplier. The number you see is the real odds, not a naive product.

Practice and cash

What is the practice balance?

$100,000 that is not worth anything and never becomes worth anything. It is sized so you can bet at real size and learn what a six-pick parlay pays before it costs you. Markets run on practice balance only.

I ran my practice balance down. Now what?

Top it back up to $100,000 from Portfolio → Funds. Once a day, any time you are below the starting line. Ranks count settled profit only, so a top-up never buys a place on them.

How do I bet cash?

Switch the header to Cash, build a parlay, and press place. Your wallet is asked for the stake in USDG on Robinhood Chain; when it confirms, the ticket is on. No separate deposit step, though you can carry a balance from Portfolio → Funds.

How do I withdraw?

Portfolio → Funds. It goes back to the address you signed in with. Small amounts are sent automatically; larger ones are approved by hand. Anything riding on an open ticket waits for that ticket.

Where funds are held

Who holds my USDG?

We do. Cash balances sit in one treasury wallet the operator controls, and your balance is a record of what you own. That is the same trade an exchange asks for, and it is a real thing to weigh — keep no more here than you are betting with.

Why is depositing a wallet transaction but withdrawing is not?

Your wallet can only move money it holds. Paying out is a transfer from the treasury, which your key cannot sign, so you ask and we send. A vault contract would remove that asymmetry; it is not what is running here yet.

What happens to the pot?

Every payout comes from the vault, and every open bet reserves against it, so a payout is never a promise the house cannot keep.

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