Creating a Market (User Guide)

📌 Market Creation for Users

Who Can Create a Market?

Market creation can be gated by community vote. If gating is enabled, only approved addresses can create markets. The BigMarket DAO (BIG) manages this via a Merkle whitelist, ensuring that only approved users have access.

✅ Is Market Creation Open Right Now?

• If YES, anyone can create a market.

• If NO, only addresses approved by the DAO community can create markets.

💰 Market Creation Fee

Creating a market costs 100 STX, but this fee is set by the DAO and may change. Fees contribute to the platform’s treasury and ecosystem development.

🔹 Required Market Details

When creating a market, you’ll need to provide the following details:

Field	Description	Limits
Market Name	Short title of your market	Max 64 chars
Market Type	Choose one: Binary, Categorical, Scalar	-
Description	Explain the market topic & context	Max 1024 chars
Criteria	Define how the market is resolved	Max 1024 chars
Treasury Address	Address where market fees are collected (defaults to your Stacks address)	-
Market Image URL	Visual representation for the market	-
Market Fee %	% of the market winnings collected as a fee (max set by DAO)	0 – DAO max fee
Token Used	Select from allowed tokens (STX, sBTC, etc.)	DAO-controlled
Market Category	Choose from: Sports, Music, Memes, Crypto, Politics, etc.	-
Social Integrations	Add links (Twitter, Discord, Website) for discussion & engagement	-

⚡ How to Create a Market

1. Connect your Wallet (Leather, Asigna, or Xverse).

2. Click "Create Market" on the BigMarket dashboard.

3. Fill in market details (name, type, description, treasury, etc.).

4. Choose token & set market fee (if applicable).

5. Sign the transaction – this verifies the market’s off-chain data.

6. Confirm & Submit! 🎉 Your market is now live.