Discord Prediction Market Bot- LowPolyMarket

A Discord bot that enables server members to create and participate in prediction markets using a points-based system. Users can create predictions, place bets on different outcomes, and win points based on correct predictions.

Features

• Create prediction markets with multiple options
• Place bets on active predictions
• Automatic market closure and resolution system
• Category-based organization
• Odds calculation and display
• Automatic refund system for unresolved predictions
• User notifications for bet outcomes

Target Group

• The everyday Mezo Community that wants exposure to Prediction Markets without having to use their crypto or fiat
• The degens who want to bet on anything and everything
• People who want to simply place fun bets with friends over random things

Unique Value Proposition

• A highly engaging bot that allows users to speculate/ play without fear of losing a big bag
• Gives the community power to essentially create fun mini-games in a sense
• Brings about commraderie by allowing users to make bets on some of their favorite community members

Next Steps/ Milestones

• We would like for the UI/UX to be cleaner and better looking
• Hit a 100k different transactions on our bot
• Hit 100 different and unique Prediction Market categories

Requirements from Drip and Mezo

• Help with streamlining the bot and creating a better UI/UX
• Integrating emojis and gifs for certain results from Markets to provide more fun

Team

• Patrick Anderson, Peteya2, Buildooor
• Vazzy, Supreme Testooor
• Ryan Fox, Dev Rel, GitHub Guru
• Sonny Monroe, Code Specialist

Commands

/create_prediction

Creates a new prediction market.

• Parameters:
  • question: The main question or topic of the prediction
  • duration: How long the prediction will remain open (in minutes)
  • options: Comma-separated list of possible outcomes
  • category (optional): Category to organize predictions

Example:

/create_prediction question:"Will it rain tomorrow?" duration:1440 options:"Yes,No" category:"Weather"

/bet

Place a bet on an active prediction.

1. Select a category
2. Choose a prediction
3. Select an option to bet on
4. Enter the amount to bet

The bot will show current odds and your potential payout before confirming the bet.

/list_predictions

Displays all predictions, organized into categories:

• 🟢 Active Markets: Currently open for betting
• 🟡 Pending Resolution: Betting closed, awaiting resolution
• ⭐ Resolved Markets: Completed predictions with results
• 💰 Refunded Markets: Predictions that were refunded

Each prediction shows:

• Question
• Category
• Total betting pool
• Current odds
• Time remaining/ended
• Winner (for resolved predictions)

/resolve_prediction

Resolve a prediction by selecting the winning outcome.

• Only available to the prediction creator
• Must be used within 48 hours of prediction end time
• Automatically distributes winnings to successful bettors

Automatic Features

Market Closure

• Markets automatically close after the specified duration
• Creator is notified when betting period ends
• Creator has 48 hours to resolve the prediction

Refund System

• If a prediction isn't resolved within 48 hours of closing:
  • All bets are automatically refunded
  • Users are notified of the refund
  • Market is marked as refunded

Notifications

Users receive direct messages for:

• Winning bets (showing profit and total payout)
• Losing bets (showing amount lost)
• Refunded bets
• Market resolution requirements (for creators)

Points System

• Users must have sufficient points to place bets
• Winning payouts are calculated based on odds
• Points are automatically transferred when:
  • Placing bets
  • Receiving winnings
  • Getting refunds

Best Practices

Creating Predictions

• Use clear, unambiguous questions
• Provide distinct, mutually exclusive options
• Set appropriate durations for the type of prediction
• Use categories to organize related predictions

Betting

• Check current odds before betting
• Consider the total pool size
• Monitor remaining time before market closure
• Review your betting history to improve strategy

Resolution

• Resolve predictions promptly after the outcome is known
• Ensure fair and accurate resolution based on verifiable results
• Consider setting up clear resolution criteria when creating predictions

Notes

• All times are displayed in UTC
• Odds are updated in real-time as bets are placed
• Bot requires administrator permissions to manage predictions

Setup

Prerequisites

• Python 3.8 or higher
• Discord bot token
• DRIP API credentials

Environment Variables

Create a .env file with:

TOKEN=your_discord_bot_token
API_BASE_URL=https://api.drip.re
API_KEY=your_drip_api_key
REALM_ID=your_drip_realm_id

Discord token is the token of the bot, you can get one by creating an app and then generating a token. GUIDE

DRIP API key and realm ID can be found in your DRIP Admin channel in the server you want to use.

Installation

1. Clone the repository
2. Install dependencies:

pip install -r requirements.txt

3. Configure environment variables
4. Run the bot:

python bot.py