Skill Games, Fantasy and Prediction Markets
Binary Event Contract
A binary event contract pays a fixed amount if an event occurs (yes) and nothing (or a lesser amount) if it does not (no).
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Skill Games, Fantasy and Prediction Markets Terms
Skill contests, fantasy sports, esports betting, virtual sports, and event-contract vocabulary.
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43 published definitions in this topic.
Skill Games, Fantasy and Prediction Markets
Contest of Skill
A contest of skill awards prizes based primarily on participants’ skilled performance under published rules.
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Daily Fantasy Lineup
A daily fantasy lineup is a salary-cap-compliant roster submitted for a specific contest slate.
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Daily Fantasy Sports
Daily fantasy sports (DFS) are short-duration fantasy contests, often with salary caps and entry fees, settling within a day or slate.
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Esports
Esports are organized competitive video-game events with teams, tournaments, and audiences.
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Esports Betting
Esports betting places wagers on competitive video-game match outcomes and related markets.
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Esports Odds
Esports odds are the prices offered on competitive gaming markets in decimal, fractional, or American formats.
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Esports Tournament Betting
Esports tournament betting markets cover outright winners and stage outcomes across a multi-match event.
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Event Contract
An event contract is a financial or market instrument that settles based on a defined real-world event outcome.
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Event Contract Exchange
An event contract exchange is a venue listing and matching tradable event contracts under its rulebook.
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Event Contract Settlement
Event contract settlement pays winning positions after the market resolves under its criteria.
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Fantasy Entry Fee
A fantasy entry fee is the amount paid to enter a prize contest, funding prizes after operator fees.
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Fantasy Ownership Percentage
Ownership percentage estimates how widely an athlete is rostered in a fantasy contest field.
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Fantasy Roster
A fantasy roster is the set of athletes a participant selects for scoring in a fantasy contest.
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Fantasy Scoring
Fantasy scoring converts real-world athlete statistics into points under a contest’s published system.
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Fantasy Sports
Fantasy sports contests let participants assemble rosters of real athletes whose real-world stats score fantasy points.
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Free-to-Play Fantasy
Free-to-play fantasy offers fantasy contests without cash entry fees, sometimes with non-cash or sponsored prizes.
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Game of Chance
A game of chance is one where random outcomes predominate over player skill under a given analytical frame.
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Game of Skill
A game of skill is one where skill is the dominant factor determining winners under a given legal or analytical frame.
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Guaranteed Prize Pool
A guaranteed prize pool pays the advertised prize amount even if entry fees do not fully cover it.
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Head-to-Head Fantasy
Head-to-head fantasy matches two (or small sets of) lineups directly rather than a large-field leaderboard.
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In-Game Esports Betting
In-game esports betting offers live markets during matches, including map and round lines.
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Late Swap
Late swap allows changing athletes in unlocked lineup slots after earlier games in a slate have started.
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Market Maker Prediction
A market maker in prediction markets provides bid/ask liquidity, sometimes via automated market-maker algorithms.
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Multi-Entry Fantasy
Multi-entry fantasy allows submitting more than one lineup into the same contest within stated caps.
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Paid Entry Skill Contest
A paid-entry skill contest charges a fee to compete for prizes based primarily on skilled performance.
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Pick’em Contest
A pick’em contest scores participants on correct selections of game or player outcomes across a slate.
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Player Prop Esports
Esports player props wager on individual performance metrics such as kills, heads, or map statistics.
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Prediction Market
A prediction market lets participants trade contracts that pay based on whether specified future events occur.
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Prediction Market Liquidity
Prediction market liquidity describes how easily contracts can be traded without large price swings.
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Prediction Market Platform
A prediction market platform hosts listing, trading, custody, and resolution of event contracts.
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Regulatory Classification Caution
Regulatory classification caution means similar consumer experiences can fall under different legal regimes—or none—by jurisdiction.
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Resolution Criteria
Resolution criteria define how a prediction market decides the official outcome for settlement.
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RNG Virtual Sports
RNG virtual sports determine outcomes using certified random-number generation within a simulation engine.
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Salary-Cap Contest
A salary-cap contest assigns prices to athletes so lineups must fit a fixed budget.
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Season-Long Fantasy
Season-long fantasy spans a full sports season with drafts, waivers, and scheduled matchups.
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Simulated Sports Event
A simulated sports event is a generated match or race produced by software for display and possible wagering.
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Skill Game
A skill game is marketed or designed so outcomes predominantly depend on player skill rather than pure chance.
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Sports Betting vs Prediction Market
Sports betting and prediction markets can look similar to users but often differ in market structure, intermediaries, and regulatory categories.
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Virtual Horse Racing
Virtual horse racing presents simulated races at short intervals for entertainment or betting.
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Virtual Sports
Virtual sports are computer-generated sporting events with frequent schedules used for entertainment or wagering.
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Virtual Sports Betting
Virtual sports betting wagers on outcomes of simulated sports events rather than live athletic contests.
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Yes/No Contract
A yes/no contract is a binary market quoting separate prices for an event happening or not.
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