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Most people use Fairlay to place bets on sport events or horse races. The most popular sports are soccer, tennis, sports and baseball. Further popular events are elections and politics bets in the News section.
If you feel an important market is missing you also have the possiblity to add any market instantly without review for free. If you want you can access our old interface on old. If there is a vulnerability the risk is entirely upon the user. We reserve the right to charge 1mBTC for each 6 minutes spent on your ticket maximum 30 minutes. And what about the limits? The commission is shown on each mmarket page.
The minimum withdrawal amount is 1mBTC and the fee is 0. The minimum deposit amount is 1mBTC any value below that will be ignored and the fee is 0. For deposits to the SegWit based address starting with 3 and altcoin deposits there is no deposit fee.
SegWit is a new address format introduced in August with slightly lower fees. For you there is nothing to worry about. You can deposit Bitcoin to both addresses legacy and SegWit regardless from which address you are sending from. From June onwards inactive accounts no login in the last 24 months and no active order pay a monthly maintenance fee of 1mBTC. Choose your odds and the amount of mBTC you want to wager and submit the prediction.
All bets must be done in good faith. Knowingly betting on non-live markets after the corresponding event already started is regarded as fraudulent activity. Normal orders MakerTaker are instantly matched when there is a counter bet waiting in the orderbook that matches the odds you're using for your prediction.
If there isn't enough volume to cover your stake the remaining amount stays open adding liquidity to the orderbook and waits for another bet that matches your odds in order to get fully placed.
Taker orders Fill or Kill only matches if there's a counter bet that matches your odds waiting in the orderbook, if there isn't enough volume or no orders have the the necessary odds the unmatched amount is automatically cancelled.
The net winnings are 15, mBTC. Please note that we don't take this fee in the sport and fun category. When a market is closed, predictions can no longer be placed. The resolution date is the date when the outcome of the market is determined. In case of any unresolvable dispute between a user and Fairlay, Fairlay will accept arbitration from independent, well known, trustworthy entities in the Bitcoin space to settle the issue.
Both parties have to agree to the arbitrator in advance. The arbitrator will also determine the party who has to pay the arbitration costs. Fairlay reserves the right to freeze funds from any client who is suspected of any illegal activity or major misconduct.
This includes line manipulation, match fixing, betting fraud and money laundering. In such a case Fairlay will also accept arbitration. Any user can place as much open orders as he pleases. Before any orders are matched we will always do a check if both users have enough available balance. If one user does not have the required funds, he has to pay a penalty of 0. All users are required to make sure that they can have a sufficient high available balance all the time in order to avoid the penalty.
Unless different terms are stated in the market description sport markets excluding horse racing are settled according to the settlement rules from Pinnacle https: Please read these rules carefully before reporting a false settlement. Pinnacle also reserves the right to void markets if there is suspicious betting activity.
Most wrong settlements are automatically corrected within 20 hours after settlement. Some markets need manual review or manual settlement. Please wait 20 hours before contacting support in the public support channel. Wrong settlements must be reported within 3 days from the date the bet in questions has been graded. Fairlay reserves the right to refuse to honor claims after this period.
Always include a link to the market when you report a wrong settlement. After your deposit is included in a block we still need up to 5 minutes to make sure, that the block is not orphaned.
Also note, that your balance does not update if you do not browse the site. You can force an update of your balance anytime if you place a small open order on any market. All withdrawals up to 5 BTC within a 24 hour period are usually instant. In times of very high demand it can take up to 24 hours.
For larger withdrawals please try to use an address you have used many times before to speed up the process. Larger withdrawals are usually processed within 24 hours but may take up to 72 hours in rare circumstances. If you place a bet in this type of market your stake will be split in two. Every time when a horse withdraws from a race and it's winning chances are greater than or equal to 2. All odds of all bets that have been matched so far will be reduced by the reduction factor.
For more information please read the betting rules linked to in every market description. All our markets can only be resolved to one winner.
In the very rare case that there should be a shared first place amount several runners, we will void the whole market unless this case is handled in the description. To facilitate use we also display how much time is left until resolution - so you don't have to care too much about time zones. You need to make sure that your balance is below mBTC. Than use the lost password option that is available when your are logged out. Please contact our customer service via Uservoice.
If it is a really urgent and crucial matter, you can also automatically stop all withdrawals. Any deposit to that address will be returned to one of the sender's addresses.
This cannot be undone and would mean:. This means that everything you do must be signed by your private key. Additionally we can permanently set your native Fairlay account to read-only. This would mean that you can no longer place bets, make withdrawals or payments or create new API accounts via our website.
For privacy and security reasons, new deposit addresses are not generated on our webserver. There is a very easy workaround if you still like to use one: As soon as the deposit is credited, you can send a payment to your old account! A future market also known as CFD or Contract For Difference is an agreement between two peers where both exchange the difference in value of a financial product between where a trade is entered and exited.
The settlement is determined by the price at the resolution date taking the source from the description and following our index policy settlement.
The contract settlement is distributed pro-rata in mBTC to the participants of each trade. The holder of a short position on any future market gets the following winnings on settlement: The holder of a short position on any inverse future market gets the following winnings on settlement: She leaves with a winning of 7.
This is what is simulated with the settlement formula: In that case a random time in a time frame of 6 hours starting at resolution time will be used.
In case of a chain split, we will make an announcement about it before the split happens. Fairlay will make both versions of Bitcoin available for withdrawal in case of the SegWit2X hard fork. If there is a market about price predictions of Bitcoin, the sum of both hard forks is taken into consideration for the settlement as long as the market was created before the split and there is nothing else announced in the market description. We usually only try to have markets, that have all possible winners listed.
If necessary, it has to have a runner called "Other". If you should find any market that is not "whole" , i. From a technical point, our moderators are only able to select either a winner or make the market void in general. The option to set all runners to lost is not provided. Markets are created by lots of different users and sometimes are no accurately describing every possible case. We do our best to grade these markets according to our best knowledge even if runners or special cases are missing.
If one of the provided runners wins, we settle to this runner. To get started you need to register your Social Media account in the Developer section. Consider setting a daily spending limit.
You can tip in all supported currencies. No - you always place predictions against other users. So every prediction must find a counterpart. If no one is willing to take the other side, you will get your stake back without any deductions. The turnover is based on the matched amount. Its calculation depends on the odds chosen. Same goes for AGAINST bets, the only difference is that the odds are converted before we decide if we should take the profit or the amount placed.