A market starts as a proposal
Before a debate is a live market, it is a proposal: a suggested question with its sides, waiting for people to get behind it. Anyone can create one — you do not need permission.
People back the proposals they want to see happen. That backing is the signal that a debate is worth opening, and it is what brings the market to life.
It goes live on its own
There is no editor approving markets one by one. When a proposal gathers enough backing, it crosses the line and opens for trading automatically — the crowd, not a team, decides it is ready.
That is what lets Morfi cover far more ground than a curated list ever could. The debates that go live are exactly the ones people wanted.
Backing early can pay off
Backing a proposal is not just a vote — it can be rewarded. Get behind a debate before it launches and you lock in a share of the trading fees the market earns once it is live, split by how much you put in.
So if you spot a debate the crowd ends up loving, being early pays. The busier the market gets, the more its early backers earn. And if you change your mind before it launches, you can pull your backing, minus a small fee.
From proposal to payout
Once a proposal goes live, it works like any other market: people back sides, prices move, and the crowd eventually decides a winner. Winners split a prize pool, and the winning side graduates into a token.
A proposal is the very start of that journey — the moment an idea for a debate becomes something the whole crowd can trade.