Break up with your Bookmaker

Despite facing a global recession, the online betting industry has shown remarkable resilience and growth. Last year, it reached $80 billion in revenue, and this upward trend is expected to continue, with projections estimating a market size of $134 billion by 2028. Amidst this growth, casinos are experiencing record profits, but users, on the other hand, are facing losses.

As the gambling industry continues to expand, casinos and bookmakers have had to become more creative than ever in order to hide their fees from customers. There are several prominent techniques these centralized entities use to extract maximum value from their users:

• Burying fees in the fine print of the terms and conditions: users may not realize that they are being charged a fee because it is not prominently disclosed
• Describing fees as something other than a "fee": a casino may call a fee an "administrative charge" or a "processing charge" rather than a fee
• Hiding fees on a separate page: users may not realize that they are being charged a fee if it is not included on the same page as the product or service they are purchasing
• Charging fees at an obscure time: a casino may charge a fee when a player cashes out their winnings rather than when they place a bet or may collect a fee every half-hour during a game.

From hidden fees to predetermined odds, to counterparty risk, many disadvantages of traditional prediction markets arrive from their inherent centralization and lack of transparency. 

But FORE Predict is here to change that. We exist to democratize, decentralize, and disrupt the predictions landscape: inverting the traditional prediction model to create sustainable value for all participants. Fees for participation are considerably lower on FORE Predict because there is no centralized middleman (or house): FORE Predict is simply open-source software built to facilitate community creation, participation, and validation of peer-to-peer markets on the blockchain. And as all transactions are recorded on the blockchain, the odds, payouts, and fee structure are completely decentralized and transparent. 

Not only are fees on FORE Predict much lower than centralized counterparts, the fees are redistributed to participants for productive activity. A 5% maintenance fee is imposed on all market participation, of which half is redistributed to users for productive activity on the platform. Users can be rewarded for cultivating new activity on the protocol by creating interesting and unique prediction markets on just about anything, or be rewarded for simply confirming the outcome of a market. Meanwhile, just 1.5% of each market is taken as platform revenue, and the remaining 1% is burned and permanently removed from the supply (alongside other burn mechanisms, this reduces the circulating and total supply to ensure that FORE is strictly deflationary).

As prediction markets are powered by people to determine market outcomes, we believe that the entire prediction ecosystem should be people-powered. Decentralized prediction markets are open, peer-to-peer, public, and borderless networks with no transnational boundaries. Anyone, anywhere, can create a market, participate, or validate a market on anything on FORE Predict - and be rewarded for doing so. In this decentralized environment, there’s no single point of control, making prediction markets more transparent, democratic, and ultimately fair for people who participate.

It’s time to break up with your bookmakers and take control of your predictions. Embrace FORE – the predictions platform that’s powered by you, and build a long-term, sustainable relationship that puts you first.

FORE Token Launch and Whitelist Details

FORE Token is launching on exchanges (CEX and DEX) on June 30th. FORE Predict’s mainnet will go live on Arbitrum shortly after the TGE, following the completion of our security audit.

There's still time to sign up for the FORE's public sale whitelist. Register below before the whitelist closes on June 19th. After signing up, you'll have 48 hours to complete the KYC process.

Once the KYC process is completed, the public round will be open for whitelisted and KYC'ed wallets on a first-come, first-served basis until the $100,000 community cap is reached.