Hedgehog Markets: Mainnet is Coming

6 min readSep 15, 2021

Are you a fan of prediction markets for sports and crypto but don’t want exposure to any of the downside? Then the Hedgehog Markets No-Loss Competitions are for you!

That’s right fellow hedgehogs, our first six No-Loss Competitions will offer prediction markets on National Football League (NFL) games, English Premier League (EPL) games, and crypto market data points.

How Will It Work?

We will initially offer two staking levels to enter a No-Loss Competition: $100 and $1000. For example, we will offer an NFL-themed competition that requires staking $100 USDC to play and an identical (but standalone) NFL competition that requires staking $1000 USDC to play. You can enter multiple competitions, but you can only participate once per competition. All users will start with the same amount of Game Tokens upon entering a competition.

The best part: you will always get back your original USDC stake at the end of the competition, regardless of your performance! To learn more about how No-Loss Competitions work, check out our Mainnet Sneak Peak article or this twitter thread.

To add to the excitement and celebrate this special moment with our community, our Mainnet Launch No-Loss Competitions will award over $100,000 USDC in prizes. In these first six competitions on mainnet, users will have a chance to win a share of $5,000 in prizes for each $100 USDC competition and a share of $30,000 in prizes for each $1000 USDC competition.

How Do I Win Prizes?!

When a competition ends, the top performing participants split the prize pool. This is based on participants’ competition ROI; the total Game Tokens each participant has won by correctly predicting event market outcomes, divided by the starting Game Token balance. All participants get back the original amount of USDC they staked, but the top players for each competition will also get a share of the prize pool.

Bring on the Competitions!

NFL Competitions (Weeks 3–5)

The Events included in these competitions will cover the scheduled NFL games for Weeks 3–5; each Event will contain a Main Market (Ex. “Will the home team win the game?”) and Secondary Markets (Ex. “Will a safety be scored at any point during the game?”). These competitions will kick off with the Panthers vs Texans on Thursday, September 23rd at 8:20PM and end with the Colts vs Ravens game on October 11th at 8:15PM. For example:

Event: Panthers vs. Texans Sept. 23rd 8:20 pm EST

Main Market: Will the home team win?
Secondary Market: Will the home team score first?
Secondary Market: Will both teams score in the first quarter?
Secondary Market: Will the total match points be more than 33?
Secondary Market: Will there be a safety at any point during the game?
Secondary Market: Will both teams score in the 4th quarter?
Secondary Market: Will a quarterback score a touchdown?

The remainder of Events will be the rest of the games for weeks 3–5 and will follow the same structure.

EPL Competitions (Matchdays 6–8)

These competitions will kick off with the Chelsea versus Man City match on September 25th at 7:30AM EST and end with Arsenal versus Crystal Palace on October 18th at 3:00PM EST. For example:

Event: Chelsea vs. Man City Sept. 25th 7:30 am EST

Main Market: Will the home team win?
Secondary Market: Will the home team score the first goal?
Secondary Market: Will the home team receive the first yellow card?
Secondary Market: Will more than 3 goals be scored?
Secondary Market: Will both teams score in the second half?
Secondary Market: Will there be more than 15 free kicks?
Secondary Market: Will the home team have more than 10 corner kicks?

The remainder of Events will be the rest of the matches for matchdays 6–8 and will follow the same structure.

Crypto Competitions

These will cover everything from “Will Bitcoin close at or above $65,000 on September 25th at 23:00 UTC?” to “Will Solana’s market cap be at or above $55 billion on September 25th at 23:00 UTC?” For example:

Event: Price Targets at 23:00 UTC on September 25th

Main Market: Will the price of Bitcoin $BTC be at or above $50,000 USD on September 25th at 23:00 UTC?
Secondary Market: Will the price of Ethereum $ETH be at or above $4,000 USD on Sept. 25th at 23:00 UTC?
Secondary Market: Will the price of Solana $SOL be at or above $200 USD on Sept. 25th at 23:00 UTC?
Secondary Market: Will the price of Dogecoin $DOGE be at or above $0.37 USD on Sept. 25th at 23:00 UTC?
Secondary Market: Will the price of Cardano $ADA be at or above $2.85 USD on Sept. 25th at 23:00 UTC?
Secondary Market: Will the price of Terra $LUNA be at or above $40 USD on Sept. 25th at 23:00 UTC?
Secondary Market: Will the price of Sushi $SUSHI be at or above $15.75 USD on Sept. 25th at 23:00 UTC?

Wen?

This is just the beginning; we can’t wait to bring you more! We would love to hear your suggestions for future competitions and markets, and any feedback you have about our platform. Be sure to follow us on Twitter and join our Discord server for the latest updates and fun polls.

We’re doing an AMA (ask me anything) in Discord on Thursday, September 16th at 10:30 am ET! Join us to learn more about No-Loss Competitions and our mainnet launch! ;) And, we’ll be doing a raffle for those who attend — one lucky person will win $50 of SOL ❤

Update: ICYMI, check out our AMA with Founder, George Yu recap!

About Hedgehog Markets

The mission of Hedgehog Markets is to provide direct, veritable, and open access to the wisdom of crowds. Hedgehog Markets was founded by George Yu, a former Google and Oscar Health engineer. Interested in exploring ways to better predict future events, and noticing a lack of user-friendly ways to do so, building a decentralized prediction markets platform became a natural extension of that interest. Hedgehog Markets was built alongside e^{i} Ventures (EIV), a venture studio focused on DeFi and decentralized applications. Learn more about Hedgehog at https://hedgehog.markets and on Medium.

For press inquiries, please reach out to media@hedgehog.markets

Disclaimer

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