Question 1

What is Omen?

Accepted Answer

Omen is a decentralized prediction market platform on Binance Smart Chain (BSC). Users trade YES/NO shares on real-world events using a Central Limit Order Book (CLOB) model.

Question 2

How do prediction markets work on Omen?

Accepted Answer

Each market poses a YES/NO question about a future event. Users buy YES or NO shares at prices between 0¢ and $1. When the market resolves, correct-side holders receive $1 per share, while wrong-side shares are worth $0.

Question 3

What fees does Omen charge?

Accepted Answer

Omen charges a settlement fee only on profits — you pay no fees if your trade is not profitable. There are no listing fees, subscription fees, or deposit fees.

Question 4

What blockchain does Omen use?

Accepted Answer

Omen is deployed on Binance Smart Chain (BSC), also known as BNB Chain. Supported collateral includes BNB, USDT, and other BSC tokens.

Question 5

Do I need a crypto wallet to use Omen?

Accepted Answer

No prior wallet required. Omen uses Privy for authentication, which supports email login, social login (Google, Twitter), and direct wallet connection (MetaMask, Trust Wallet, etc.). Email users get an embedded wallet automatically.

Question 6

How are Omen markets resolved?

Accepted Answer

Markets resolve via on-chain oracles (Chainlink, API, or manual review). After resolution, the smart contract automatically distributes payouts to winning position holders.