> ## Documentation Index
> Fetch the complete documentation index at: https://pnpprotocol.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Creating Markets

> How to launch a Bubblegum prediction market — choose a question, pick a ticker, and go live in seconds. No capital required.

# Creating Markets

Launching a Bubblegum market takes about 30 seconds. You don't need seed capital, LP tokens, or a market maker. Just a question and a ticker.

## What You Need

| Field | Description | Example |
| - | - | - |
| **Question** | The binary prediction question. Should have a clear YES/NO answer. | "Will SOL hit \$500 by end of 2025?" |
| **Ticker** | A short symbol for the market's token (like a stock ticker). | \$SOL500 |
| **Deadline** | When the market closes and becomes eligible for settlement. | December 31, 2025 |

That's it. No liquidity deposit. No collateral.

## What Happens When You Create

When you submit your market, a single atomic transaction on Solana:

1. **Creates your token** — a brand new SPL token with your chosen ticker and metadata
2. **Launches the bonding curve** — \$TICKER is immediately tradeable against SOL
3. **Opens the prediction market** — YES and NO outcome tokens are ready, starting at 50/50 odds
4. **Seeds initial reserve** — a portion of the token supply is deposited into the prediction market to provide starting depth

Your market is **live instantly**. Anyone can start trading YES or NO the moment the transaction confirms.

## Writing Good Questions

The best Bubblegum markets have questions that are:

> [accordion] Binary and unambiguous
>
> The answer must clearly be YES or NO. Avoid subjective questions.
>
> **Good:** "Will Bitcoin hit \$200,000 before January 1, 2026?"
> **Bad:** "Will crypto have a good year?"

> [accordion] Time-bounded
>
> Every question needs a clear deadline. This is when the market closes and gets settled.
>
> **Good:** "Will Apple release AR glasses by Q4 2025?"
> **Bad:** "Will Apple ever release AR glasses?"

> [accordion] Verifiable
>
> The outcome should be checkable against a public source of truth.
>
> **Good:** "Will the US Federal Reserve cut rates at the June 2025 FOMC meeting?"
> **Bad:** "Will the economy improve?"

> [accordion] Interesting
>
> Markets that attract attention attract traders. Traders create liquidity. Liquidity creates better prices. Better prices attract more traders.
>
> Think about what crypto twitter, your community, or the broader public cares about right now.

## Choosing a Ticker

Your ticker becomes the identity of your market's token. Pick something:

* **Short** — 3 to 8 characters works best
* **Memorable** — people will share it and talk about it
* **Relevant** — it should hint at what the market is about

| Question | Good Ticker | Why |
| - | - | - |
| "Will SOL hit \$500?" | \$SOL500 | Clear, descriptive |
| "Will Trump win 2028?" | \$TRUMP28 | Recognizable, time-specific |
| "Will ETH flip BTC?" | \$ETHFLIP | Catchy, describes the event |

## After Creation

Once your market is live:

* **You start earning fees** — every trade on your market sends a cut to your wallet
* **The bonding curve fills** — as traders buy in, the curve progress bar advances toward graduation
* **Odds shift** — YES/NO prices move based on trader sentiment
* **You can trade too** — creators can trade on their own markets

You don't need to do anything to maintain the market. Liquidity is automatic, pricing is automatic, and settlement happens after the deadline.

## Market Lifecycle

Your market goes through these phases:

**1. Live on Curve**

Traders buy and sell YES/NO through the bonding curve. Token price and odds move independently. The curve progress bar shows how close the market is to graduation.

**2. Graduation**

When the bonding curve fills up, the token graduates to its own permanent AMM pool. Liquidity is locked forever. The prediction market keeps running.

**3. Trading Continues**

After graduation, traders can buy \$TICKER on the open AMM pool and trade YES/NO through the prediction market. Both markets run independently.

**4. Settlement**

After the deadline passes, the market is settled with the correct outcome. Winners redeem their tokens. You receive your share of remaining reserve.

## Tips for Creators

* **Timely questions perform best.** Markets tied to upcoming events (elections, product launches, macro data) attract more attention than distant hypotheticals.
* **Share your market.** The more people see it, the more they trade. The more they trade, the more you earn.
* **Controversial questions get volume.** If people disagree, they'll trade against each other. Balanced markets are the healthiest.
* **Watch the curve progress.** Markets approaching graduation often get a surge of attention — that's when the flywheel kicks in hardest.


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