Frequently Asked Questions

We understand that this can be confusing, so we're here to help.

Bettors often face a wide range of challenges: transparency, government regulation, limited options, unfair odds, market monopolies, cross-border currency transactions, and high fees. Ledger is here to remove these obstacles by creating a decentralized peer-to-peer predictive marketplace that empowers anyone to create a market or bet on an existing one with confidence. By doing this Ledger is helping all sides of the market find the perfect odds equilibrium. Built on the blockchain and backed by the community, Ledger enables you to predict anything with a provable outcome. Simply put, we want people to have fun predicting future events they’re passionate about. Create a market yourself or find one that exists. What's important is that you can interact with other passionate people to find the market equilibrium of what someone is willing to offer and someone else is willing to accept (supply = demand).
Ledger is one of the first peer to peer predictive markets platforms that requires the market creator, also called a Bookmaker, to partake in the market. This means they have skin in the game. The other side of the market, the Bettor, can choose to take the odds that are offered or offer their own. Instantly creating a connection between people. Ledger leverages the social aspects of community to not only govern the platform and ensure its security, it also believes that social interactions are at the heart of everyone’s success. For this reason you’re able to interact or even plan watch parties using Ledger.
A crypto wallet and a passion for a particular event or topic. You can earn $LDGR through promoting Ledger in social channels or becoming a Reporter (once available). When Ledger launches you’ll be able to purchase or exchange $LDGR with other crypto currencies cross-chain. Reminder, you should follow local regulations regarding betting such as age and location restrictions. It is up to participants on Ledger to ensure they are following local rules and regulations, and their responsibility alone.
Ledger is a decentralized organization that will rely on its community to ensure fair and best practices. Anyone with $LDGR has the opportunity to partake in governing the network. There is a core foundation that is building Ledger to ensure its longevity. Smart contracts are set up to be locked and lasting upon creation to ensure fair and equitable practices.
Ledger relies on the concept of relative truth. That means if both the Bookmaker and Bettor agree on an outcome, that is their relative truth and the market settles. In a case where there are disputes, there are Reporters designated for each market who play the role of arbitrator. Reporters stake and earn their own $LDGR to ensure honest reporting. Reporters investigate and report the truth using a source determined at market creation. More on this as Ledger launches and brings Reporters on board.
Market Makers Club is designed to give anyone and everyone an incentive to bring their friends, family, existing book of business onto Ledger. You can earn up to 1% of the lifetime winnings of your entire network. Ambassadors manage a region or territory and will help to bring on new Market Makers Club members as well as interact with potential local backers, promotors, or other partners. The Ambassadors' goal is to grow their territory. In return, they get rewarded with $LDGR.
Any holder of $LDGR who meets local requirements in their jurisdiction is able to create a market on Ledger.
Typically, both Alternative Spreads or Alternative Markets will require buying points to improve the bet line for a game or match. This comes with a price since the sportsbook is going to make the bet more expensive or less profitable. Ledger doesn’t believe in that. It believes that markets are free and any Player can offer any odds they believe in and are willing to back. Similarly, any Player not happy with existing odds can offer their own to a truly dynamic and equitable marketplace.
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