With prediction market fees, what you see often isn’t what you get.

With the rise of online gambling, 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: with 90% of tokens expected to be burned by 2026).

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.

In a people-powered ecosystem, everyone wins. Sign up below to be notified about FORE token's listing on June 30th.

FORE Protocol, and FORE Predict, is powered by FORE token. FORE token will be available for trading on MEXC. FORE Predict's main net will be live following the completion of our security audit.