MARKET RULES & GUIDELINES
Understanding how PMX markets work and payout mechanisms
Bonding vs Bonded: The Simple Explanation
Understanding the core difference between market states
Bonding Markets
Markets that haven't reached 2× the initial liquidity in trading volume yet. These use variable payouts - winners get 60% of profits, with guaranteed capital return.
Bonded Markets
Markets that have reached 2× the initial liquidity in trading volume. These use guaranteed payouts at 100% odds - everyone gets their full payout regardless of outcome.
Example
Market starts with $10,000 liquidity
When volume reaches $20,000 (2× liquidity), market becomes Bonded
Before bonding: Variable payouts (60-20-20 split)
After bonding: Guaranteed payouts at 100% odds
Bonding vs Bonded Payouts
How payouts work before and after markets reach 2× liquidity volume
Bonding Markets
Markets that haven't reached 2× liquidity volume yet
Winning Traders
Get back all capital + 60% of profits (zero downside risk)
Liquidity Providers
Get back LP + 20% of profits
Platform
Receives 20% of profits
Split: 60% - 20% - 20%
Bonded Markets
Markets that have reached 2× liquidity volume
All Traders
Receive 100% guaranteed payouts at 100% odds
Liquidity Providers
Receive 50% of trading fees
Platform
Receives 50% of trading fees
Fees: 50% - 50%
Payout Timeline
When and how you'll receive your rewards
Timeline & Delivery
After market resolution
Payouts will occur within 24 hours of the market closing
Delivery method
All payouts are distributed via airdrop to your connected wallet
⏰ Fast and automated payouts ensure you receive your rewards promptly
Duplicate Market Handling
How similar markets are consolidated
Consolidation Rules
If duplicate markets are created, their LP will be combined into 1 joint pool, but only if the combined liquidity is ≤ $100,000
Consolidated deployment
The combined LP pool will be used in 1 deployed market
🔄 This prevents market fragmentation and ensures optimal liquidity concentration
Market Creation Timeline
Required advance notice and payout guarantees
Timeline Requirements
Creation deadline
Markets must be created at least 36 hours in advance of them starting
Payout guarantee
Payouts will occur at the latest 24 hours after the market ends
📅 Clear timelines ensure proper market preparation and reliable payout schedules
Ready to Participate?
Now that you understand the rules, explore markets or create your own