Key Takeaways
- A prediction market admin panel needs market creation, resolution tools, liquidity monitoring, KYC and wallet management, and risk controls for daily operations.
- Admins use it to set closing times and settle outcomes through oracle data or manual review.
- Fraud alerts, position limits, and pause or freeze options protect the platform.
- Role-based access, audit logs, and daily reports keep the team accountable.
- See how Idea Usher can help you build a custom admin panel for your prediction market.
A prediction market admin panel handles a few jobs every day. Admins create markets with set categories and closing times, then settle outcomes from oracle data or by manual review. The panel also tracks liquidity and order books, processes KYC checks and withdrawals, and sets fees. Risk controls cover position limits, alerts for suspicious trading, and quick options to pause a market or freeze an account. Role-based access, audit logs, and daily reports on volume and revenue keep the team accountable.
Most teams only find out what their panel is missing after a disputed result or a stuck withdrawal. Fixing those gaps while the platform is live costs far more than planning for them before launch. In this blog, we’ll discuss the features a prediction market admin panel needs for daily operations, how each one supports a smooth workday, and what to look for if you’re planning to build your own platform.
What Makes a Prediction Market Profitable?
A prediction market makes money when many people trade. The platform must take the right fee on each trade. Running costs must stay lower than the fee income. Volume brings people in. Fees turn that activity into income. Costs like liquidity rewards, compliance, and clearing decide how much is left. According to Mordor Intelligence, the online gambling market is about USD 120.4 billion this year. It is expected to reach USD 134.8 billion in 2027 and USD 231.4 billion in 2032. The CAGR from 2027 to 2032 is 11.42%. That is a big pool for a new platform. But a growing market does not mean profit. The platforms that survive get three things right. They are volume, fees and liquidity.
Source: Mordor Intelligence
How Trading Volume Drives Platform Revenue
A platform keeps only a small part of each trade. So it needs a lot of trades to earn well. That is why volume comes first. In September 2025, Kalshi and Polymarket together did under $5 billion a month. By April, it was almost $24 billion. Pew Research says their combined monthly volume went from $26 billion in May to $53 billion in July. For comparison, legal US sportsbooks handled about $14 billion a month in 2025.
Why Sports Matter So Much
Most of the volume comes from one place. In March, Kalshi did $11.39 billion, and $9.9 billion of it was sports. That is 87%. Big events push the numbers even higher. During the World Cup, Kalshi did over $31 billion in notional volume in June. In May it was $17.9 billion so that is a jump of more than 70%. Polymarket got a boost too. Its international exchange hit a record $10.8 billion that month.
Spikes Can Fool You
A big event gives a jump, but the jump does not stay. After the World Cup ended, the open interest on the big platforms fell to $1.2 billion. Smart platforms add politics, economics, and crypto markets. This way, volume does not drop when a tournament ends. A record month looks nice. But steady daily activity matters more.
Which Fee Models Generate Sustainable Income
Most platforms charge fees to people who take liquidity. They go easy on people who give it. Fees are higher when a contract is close to a coin flip. That is where most trading happens. Here are the models of two big platforms.
| Platform | How the fee works | What it looks like |
| Kalshi | Takers pay 7% × contracts × price × (1 minus price), rounded up. Only when the order fills right away. No separate settlement fee. | 100 contracts at 50¢ cost $50 and the fee is $1.75. At 10¢ the fee is only 63 cents. |
| Polymarket | Takers pay $0.75 to $1.75 per 100 shares by category. Makers pay $0. Geopolitics markets are free. | The fee is highest at a $0.50 share price. |
Kalshi also added something new. Its perpetual futures have tiered fees. In the first tier the taker fee is 12.0 bps, and the maker fee is 5.0 bps.
A Different Idea: ForecastEx
Users don’t need a new account. They can trade from inside Interactive Brokers or Robinhood. So ForecastEx earns from a lot of flow with a tiny fee. It takes that flow from customers the brokers already have. This works well if you already have an audience.
How Liquidity and Costs Affect Margins
Liquidity costs money. When a market is thin, the price jumps around, and traders leave. So platforms pay people to post orders. Polymarket gives back some of its fee income. After the latest fee update, the maker rebate is 25% of the taker fee in most categories. It is 20% in crypto and 15% in sports.
There is also a ladder for big players. On Polymarket US, a maker who trades $200 million or more a month gets back about 15% of the standard taker fee. For the World Cup, Polymarket also ran a $1 million liquidity incentive program on its contracts.
Rothera’s Different Route
Rothera took another path. It is an exchange run by Robinhood and Susquehanna International Group. Susquehanna is the market maker. It posts bids and offers so trading keeps going. Robinhood has more control. Rothera is registered as both a Designated Contract Market and a Derivatives Clearing Organization. So Robinhood owns the exchange and the clearing. It keeps money it used to pay to third parties.
The first big test was the World Cup. Robinhood sent Rothera contracts on matches, group winners, spreads, totals, players, and combos. Fees went down too. The commission is capped at 1 cent per contract.
The numbers were small at the start. Rothera did $26 million in its first eight days. But the idea is simple. When you grow big, you lose less money to the middleman.
Which Controls Should a Prediction Market Admin Panel Provide Pre-Launch?
Before launch, your prediction market admin panel should let the team do three things. It should set clear market rules with a named resolution source, set trading hours and position limits, and approve every market by hand before it goes live. These controls stop most disputes and risk problems before the first trade happens. Add role-based access and an audit log on top so every change shows who made it and when.
1. Set Market Rules and Sources
Every market needs a written rule that says exactly what counts as Yes and what counts as No. The panel should force the team to pick one data source and a close date before the market can be saved. Loose wording is a common cause of disputes after settlement. A good panel also lets you add a backup source. Some exchanges keep the right to swap the source if the first one stops being reliable.
Fields to lock before saving
- The exact question plus what happens on Yes, No and Invalid
- One named source and one backup source
- Close time and expected resolution date
- Who can challenge a result and how long they have
How Polymarket Does It
Polymarket hands resolution to UMA’s optimistic oracle. A proposer posts a bond that is usually $750, and then a 2-hour challenge window opens. If nobody objects, the result simply stands. A dispute needs a matching bond, and the whole process can take 4 to 6 days. Your panel should show the bond, the timer, and the dispute status in one place. Polymarket has also been adding league deals lately.
MLB named it the Official Prediction Market Exchange on March 19, and LeBron James recently signed with it. More sports markets mean more resolution work for the admin team.
2. Set Trading Windows and Limits
Limits stop one trader from pushing a market too far. The panel should let you set when trading opens and closes and how much one person can hold in each market. Start low and raise the caps once you see how real traders behave. Each limit should depend on the market type because a sports market and a rate decision market do not need the same cap.
How Kalshi Does It
Kalshi once capped every contract at a flat $25,000. It later changed the rule so each contract’s own terms set the limit. That is why your panel needs limits per market and not one global number. Kalshi also keeps adding partners. On October 26 it signed a preferred-provider deal with S&P Dow Jones Indices for contracts linked to major benchmarks.
Nasdaq partnered with Kalshi in August to supply market surveillance technology. Limits work best when paired with surveillance logs so your team can spot odd trading early.
3. Approve Markets Before Going Live
No market should go live until a second person has checked it. Set up a flow where one person drafts the market and a reviewer checks the wording, source, and limits. An approver then pushes it live. The panel should block anyone from approving their own draft and should log every edit.
Draft → Review → Approve → Live
Regulators now expect this kind of care. In the US, an exchange can list a contract by self-certifying with the CFTC by close of business on the business day before listing. But on July 24, the CFTC pushed back on lazy filings. It warned against broad templates that bundle many contracts with different settlement sources into one filing. So your review screen should show each market’s source and method clearly.
Leagues want a say too. The NBA now has the right to approve which types of markets its preferred exchanges can offer. The deals also bar league and team personnel from trading NBA contracts. Build blocks for restricted market types and restricted users into the approval step.
How Should an Admin Panel Handle Live Market Risk?
An admin panel should watch every live market in real time and act on its own when something looks wrong. It should flag odd price and volume moves and pause a market when exposure passes a limit. It should also track liquidity across related markets so one thin market does not drain the others. Every alert and every pause should be logged and only an authorized person should be able to reverse a pause.
1. Detect Abnormal Price and Volume Moves
Most trouble in a live market starts with something odd. A price jumps with no news. Volume spikes in a few minutes. A brand new account places a big bet right before an announcement. The panel should compare each market against its own normal range and flag anything far outside it. Alerts should reach the risk team fast with trade details and account history attached.
What to flag
- A sudden price jump with no matching news
- A volume spike compared with that market’s usual level
- New or linked accounts trading the same side together
- Accounts that keep making unusually accurate trades right before big announcements
How Crypto.com Does It
In August, Crypto.com expanded its use of Solidus Labs’ HALO surveillance system across its prediction markets and tokenized securities to detect possible insider trading and manipulation. The push comes as lawmakers look harder at this area. One case in the news involved an Army soldier accused of using classified information to profit roughly $400K. Your panel needs to catch that kind of pattern long before the amounts get that big.
2. Pause Markets When Limits Break
When exposure goes over the limit the panel should not wait for a person. It should pause the market first and tell the team after. Set a warning level below the hard limit so people have time to step in. A throttle slows new orders while a circuit breaker stops trading fully. Vinfotech’s admin panel offers per-market caps and throttles and circuit breakers for exactly this job.
| Trigger | Automatic action | Who is told |
| Exposure nears the cap | Warn and throttle new orders | Risk team |
| Exposure passes the cap | Pause the market | Risk lead and ops |
| Price moves too fast | Trip the circuit breaker | Risk team |
| Market ready to resume | Manual approval with a reason logged | Approver |
How PredictIt Does It
PredictIt shows how limits shape a market. It started with a cap of $850 per contract and 5,000 traders per market. In July, the cap rose to $3,500, and the trader limit was removed. It has since dropped its 5% withdrawal fee and now gives each user one fee-free card deposit up to $1,000. Underdog also acquired Aristotle Exchange, the regulated exchange tied to PredictIt, though PredictIt itself was not part of that deal. A higher cap means you need tighter pause rules.
3. Monitor Liquidity Across Related Markets
Markets are linked. If one outcome in an event gets thin, then the related markets feel it too. Each winning contract pays $1, so the prices of all outcomes in one event should add up to about $1. When they drift apart, a trader can profit from the gap, and your side pays for it. The panel should show depth and spread for every related market on one screen.
Vinfotech’s setup shows one way to handle thin markets. Its AMM seeds Yes and No liquidity before launch. Markets then move to an order book once real trading volume crosses a threshold the operator defines. Throttles and circuit breakers protect the AMM from toxic flow that drains it.
What Does a Prediction Market Admin Panel Need for Daily Operations?
A prediction market admin panel needs eight working parts for daily operations. These are market creation and trading controls, live liquidity and exposure monitoring, user verification, event resolution and disputes, settlement and payout checks, fraud alerts, role-based access with audit logs, and operational analytics. Each part covers one daily job, so the team can run markets without jumping between tools. Together, they keep trading fair and payouts correct and every action easy to trace.
1. Market Creation and Trading Controls
Market creation is a daily job, and the form should be quick to fill. The operator sets the question and the outcomes, and the trading window in one place. They also set the resolution source and the exposure limits. Vinfotech’s panel lets teams do all of this from the back office or through APIs. Its AI Market CoPilot is meant to help teams create and manage more markets with very little manual work. A review step should still sit in front of every new market.
Daily tasks
- Draft and edit markets that are not live yet
- Change trading windows and close times
- Pause or reopen a single market
- Retire markets that are done
2. Liquidity and Exposure Monitoring
Liquidity and exposure change by the minute so the panel needs a live screen. It should show depth and spread, and open exposure for every market. The thin markets should rise to the top of the list. A team that only checks once a day will miss most problems. Each alert should link straight to the market so someone can act in one click.
How Robinhood Does It
Robinhood runs its prediction markets through Rothera, an exchange it built with Susquehanna. Susquehanna is the day-one liquidity provider, and other providers are meant to join later. On June 4, Robinhood began routing World Cup and baseball contracts to Rothera. The World Cup list covers matches and group winners and spreads and totals and player contracts and combos. More contract types mean more order books for a risk team to watch at the same time.
3. User Verification and Account Restrictions
Verification decides who can trade at all. The panel should show each user’s KYC status with approve, reject, and hold buttons. A Columbia University study pointed out that skipping KYC makes it easy for one person to trade through many anonymous wallets. So identity checks protect fairness and not only the rules. Restrictions should be just as quick. An admin should be able to freeze, limit, or close an account and write down why.
Ask your legal team whether the money services rules apply to your platform.
Event Resolution and Dispute Management
- What does the team see each day? A queue of markets waiting for a result with the source value shown next to each one.
- How long should the challenge window be? UMA’s default challenge window is two hours and builders can make it longer for extra safety.
- What if a result was wrong? Admin tools should support dispute handling and corrections with audit trails. Every fix needs a written reason and a second approver.
4. Trade Settlement and Payout Reconciliation
Settlement is where small mistakes cost real money. Each winning contract pays $1 so every payout must match the right trade and the right result. The panel should flag any gap between what the exchange reports and what your own ledger shows. Vinfotech’s panel includes reconciliation reports and exportable audit logs for this. Run the check every day and not only at month-end.
How DraftKings Does It
DraftKings Predictions first launched by hosting contracts on a CME Group exchange. The plan is to add its own Railbird exchange and other exchanges later. Railbird’s first sports contract filings give DraftKings more control over contract design, liquidity, pricing, and exchange fees. The NBA also named DraftKings an authorized prediction market operator on October 26. Every extra exchange adds one more feed to reconcile.
5. Fraud Detection and Risk Alerts
Fraud often hides inside volume that looks healthy. A Columbia University study estimated that about 25% of trading volume on one large platform may be wash trading. It flagged 14% of that platform’s 1.26 million wallets. The paper has not been peer-reviewed yet, but the pattern is still useful.
Wash trades are two linked accounts trading with each other and taking no real risk. The panel should link accounts by wallet, device, and IP. Vinfotech’s panel offers entry caps and IP and device checks for this.
6. Role-Based Access and Audit Logs
Not everyone should be able to do everything. A support agent should not be able to resolve a market, and a trader should not be able to approve a payout. Vinfotech’s panel gives ops, finance, and support separate access and adds optional SSO and IP allow-listing. Logs matter just as much. A regulated exchange must keep audit data that is enough to rebuild every transaction. The general CFTC record retention period is five years.
- Ops: create and pause markets
- Finance: payouts and reconciliation
- Risk: freeze accounts and clear alerts
- Support: view users only
7. Operational Analytics and Revenue Tracking
Analytics should answer what is working today. Vinfotech’s panel offers dashboards for trading volume, revenue, active users, and market performance. Fees need their own view. Robinhood’s new pricing charges commissions based on contract price and order size and caps fees at 1 cent per contract. Small fees add up fast, so the report should break them out by market.
Track speed and quality too. Vinfotech suggests watching how fast a new market gets its first trade and how many free tournament players move to paid markets. It also suggests reviewing AMM profit and loss by market every week.
What Should a Prediction Market Admin Panel Do About Suspicious Activity?
A prediction market admin panel should flag suspicious activity early and let a person check it before acting. It should spot unusual orders and linked accounts and then open a case with the trade evidence attached. The team should look at the facts first and restrict an account only when the evidence supports it. Every step and every decision should be saved so someone can review the case later.
1. Flag Unusual Orders and Linked Accounts
Suspicious activity usually shows up as a pattern and not as one trade. A new account places a large order right before news. Several accounts trade the same side at the same moment. The panel should flag these and group the accounts into one case so the reviewer sees the whole picture.
Lawmakers questioning platforms named linked account monitoring and coordinated wallet activity as key areas. They also asked how teams respond when a sensitive market sees unusual trading right before an event.
Signals to flag
- Newly created accounts placing big bets shortly before an announcement
- Accounts that share a wallet or device or IP address
- Several accounts opening the same position within minutes
- Large first orders from accounts with no history
How Hyperliquid Does It
Hyperliquid launched HIP-4 outcome markets on mainnet on May 2, and anyone can create a market without Hyperliquid’s approval. Outcome positions sit in the same account as spot and perpetual positions. So a flagging tool has to watch all three at once. Lawmakers have also asked whether Hyperliquid has adequate identity checks and a clear process for referring suspicious traders to law enforcement. The inquiry does not say that Hyperliquid broke any law.
2. Investigate Trades Before Restricting Accounts
A flag is a reason to look and not proof of anything. The reviewer should check the trade and the account, and the news timeline before choosing an action. Acting too fast can punish honest traders, and acting too slow can let real abuse continue. A simple step list helps the team stay fair.
| Step | What the reviewer checks | Why it matters |
| Alert review | Is the size or timing really out of range? | Big trades are not always bad |
| Account check | Identity and linked accounts and past activity | Shows one trader or a group |
| Market check | Was there public news before the trade? | Timing alone is weak evidence |
| Decision | Clear or watch or limit or ban | Match the action to the evidence |
Real cases show why. One leveraged short of $1.1 billion was opened about 30 hours before a tariff announcement and drew a congressional probe. Even so the committee’s letter does not establish that the trader had nonpublic information. Another exchange shows the volume of work. It reported 150 internal investigations and more than 20 law enforcement referrals in one quarter.
Far fewer cases ended in a referral than in an investigation. When it did act on a former congressman, it banned him permanently and fined him $71,356 after a bet that made about $17K.
3. Record Decisions and Evidence for Review
Every case needs a record that a stranger can read later. Save the alert that started it and the trades and account links the reviewer saw. Then save the decision and the reason and the person who made it. Regulators ask for this kind of paper trail. Congress said it received nearly 1,000 documents and 5 briefings from the first two platforms it asked. Exchanges must also review their audit trail and recordkeeping at least once a year and the general CFTC record retention period is five years.
Keep evidence read-only. Nobody should be able to edit a closed case. A later correction should be a new note with its own name and time.
How FanDuel Does It
FanDuel Predicts launched in five states with CME Group. In June, it added Nadex contracts to its offering. It now sources sports and other non-financial contracts from OG Prediction Markets while CME provides financial markets. FanDuel also brings its own identity verification systems. With contracts coming from more than one exchange, each case record should say which venue the trade came from.
How Should an Admin Panel Resolve Disputed Market Outcomes?
An admin panel should check every disputed result against the approved source first and then send anything unclear to a named reviewer. It should let the team pause payouts while a dispute is open. The reviewer should then have clear choices to confirm the result or void the market or refund traders. Every decision should need a reason and a second approval and should be saved with the evidence.
1. Verify Results Against Approved Oracles
Every market should name one approved source before trading starts. When the event ends, the panel should pull the result from that source and show it next to the market rule. The reviewer then checks that the two match. For number-based markets, an oracle can often do this alone. For judgment-based markets, a person should look at the evidence.
One vendor guide says UMA suits events that need a human decision and takes a few hours, while Chainlink Data Streams takes a few seconds for numbers you can verify on-chain. Vinfotech’s Oracle AI cross-checks several independent sources before it proposes a result and flags the market for manual admin review if they disagree.
Source checklist
- The source in the rule is the same source used for the result
- The value has a date and a link
- Any later correction is covered by the rule
- A second source agrees
How Limitless Does It
Limitless runs on Base and uses Pyth as its main price oracle. It added Chainlink Data Streams alongside Pyth in June for short-duration crypto markets, which run at about 19,000 markets a week. Its hourly markets resolve in 30 or 60 minutes. With that many markets, the panel can only show the exceptions. A person should look at the ones where two oracles disagree.
2. Escalate Conflicting or Delayed Results
Not every result is clean. A source can publish late or change its number or two sources can disagree. The panel should hold payouts and move the market to a reviewer instead of guessing. Some platforms use a Too Early result that keeps the market open when the event has not really ended. A rushed answer can be costly.
A $7 million market on one large platform resolved Yes with no deal in place after a whale cast about 25% of the vote with 5 million tokens across three wallets. The platform said it was not a market failure, so it gave no refunds.
How Myriad Does It
Myriad’s Automated Markets are continuous 5-minute price markets with auto-resolution. They arrived with its BNB Chain launch, which followed earlier launches on Abstract and Linea. With a 5-minute cycle, a late feed matters fast. Your panel needs an alarm when an auto-resolve does not fire so a person can step in before the next round opens.
3. Approve Voids, Refunds, and Settlements
A normal result pays $1.00 for each winning share and $0.00 for each losing share. The panel should show the full payout total to an approver before anything is paid. When no fair answer exists, the market should be voided and not forced. Vinfotech lets the admin void a market for event cancellation or rule changes and refund every position at its purchase price. Collateral release on a voided market is standard, but fee treatment differs by venue, so write your fee rule down before launch.
Some platforms also use an Unknown result that pays $0.50 for every share, whichever side it was on. A trader who was winning on paper can end with a half refund, so that clause must be in the market rules before anyone trades.
Every final settlement also needs a decision history. Vinfotech’s resolver lets authorized users approve or hold, reject or override a proposed outcome and keeps a record of each decision. It also stores source links, timestamps, and reasoning so the team can explain any result later.
Review → Second approver → Settle or void → Archive
Which Financial Checks Belong in a Prediction Market Admin Panel?
A prediction market admin panel should have checks that match trades to wallet balances, catch failed payouts and refunds, and track fees and unsettled funds. Each check should run on a schedule and show the gaps in one place. A person should be able to open any gap and see the records behind it. Money checks should also need approval and a log entry so nothing moves without a trail.
Reconcile Trade Records With Wallet Balances
Reconciliation means every trade matches a ledger entry and every ledger total matches a wallet balance. The panel should run this check every day and show any gap by user and by market. One vendor guide says a payout should match each position to the cent. So even a one-cent gap should open a case. Small gaps often grow when nobody looks at them.
| Check | What to compare | If it fails |
| Trade vs ledger | Every fill has one ledger entry | Flag the missing or double entry |
| Ledger vs wallet | Ledger total equals the wallet balance | Freeze withdrawals for that user |
| Positions vs collateral | Open positions are fully backed | Alert the finance lead |
How Coinbase Does It
Coinbase added prediction markets to its main app for US customers. Users can fund trades with cash or USDC held in their existing Coinbase accounts. They can start with as little as $1 and manage positions next to their crypto and equities and cash balances. Coinbase Custody safeguards the USDC behind the contracts. Many balance types in one account mean more lines to reconcile. The panel has to match cash and USDC and open positions together.
Investigate Failed Payouts and Refund Requests
A failed payout is a trust problem and a money problem at the same time. The panel should list every failed or pending payout with its status and the reason it failed. A refund request should open the same kind of case. The reviewer then finds the cause, fixes it, and tells the user. Work through the steps in order.
- Find the payout by its ID and check its status
- Check the cause, such as a wrong result, a wallet error, or an account hold
- Retry once or refund with a second approval
- Message the user and save the decision in the log
Errors in the market itself can cause payout trouble too. On one US exchange a data entry error named the wrong source for a sports market. Users with winning bets were first refunded their stake and not their winnings. The exchange then emailed them and paid the full $1 settlement. One crypto exchange warned that funds on some markets could sit in a Pending Settlement state and that redemption could take longer. So the panel should show how long a payout has been pending and alert when it runs long.
Track Fees, Revenue, and Unsettled Funds
Money that is waiting for a result is not yours and not the trader’s yet. The panel should show fees, open collateral, and pending payouts as separate lines. Vinfotech’s AMM generates daily profit and loss and exposure and liquidity reports that can be exported. Finance can then check the totals each morning.
How ForecastEx Does It
ForecastEx is the exchange behind Interactive Brokers’ ForecastTrader. A buyer who paid 76 cents for a Yes contract and won nets 23 cents after the $0.01 fee. Forecast contracts are fully cash-collateralised, so they cannot be traded on margin. Its incentive coupon accrues daily and is paid monthly, and Interactive Brokers’ page showed a rate of 3.38% APY while noting that rates can change. The panel has to track that coupon as its own line so it never gets mixed into fees.
Keep fees apart from collateral. A bug report on one open-source prediction market project showed what happens when fees can be withdrawn before a market is final. A later cancellation refund could not be paid because the money was already gone. The fix is simple. Track fees per market and release them only after the market is resolved.
Which Admin Panel Metrics Expose Operational Bottlenecks?
The metrics that expose bottlenecks are open exposure and available liquidity, trading activity by market, and settlement delays and failed transactions. Each one shows where work is piling up or money is stuck. The panel should show them as live numbers with a clear alert when one goes out of range. A team that watches these can fix slow spots before traders notice.
1. Track Open Exposure and Available Liquidity
Open exposure tells you how much you could owe if outcomes go the wrong way. Available liquidity tells you how easily traders can get in and out. The panel should show both for each market and for the whole platform. When exposure goes up while liquidity goes down you have a bottleneck. Thin books make prices jump and make exits slow. One research paper looked at 35 active long-tail markets on a large platform and found median spreads of 196%.
Numbers to watch
- Open exposure for each market compared with its cap
- Exposure on each side of the outcome
- Order book depth near the best prices
- The spread between buy and sell prices
- The budget left in the AMM
How Opinion Does It
Opinion runs on BNB Chain. It describes Opinion Metapool as unified liquidity infrastructure meant to give deep cross-market liquidity. It also shares 50% of the fee on each trade with the liquidity provider on that trade. Maker fees are zero. Rewards like these pull liquidity in but they can also hide thin books. So the panel should show real depth and not just reward totals.
2. Identify Markets With Low Trading Activity
Quiet markets are normal. Most of them will stay quiet. The goal is to tell a quiet market from a broken one. The panel should rank markets by recent volume and unique traders and the time since the last trade. Then the team can decide to promote a market or add liquidity or close it.
Bots matter here. A University of San Diego professor counted an account as a bot if it made more than 50 trades a day or 1,000 overall. So the panel should split volume into human and bot-like activity. A Rutgers professor also warned that low liquidity alone does not make a market’s signal worthless. A quiet market is a reason to look and not a reason to delete.
3. Settlement Delays and Failed Transactions
Settlement time is the gap between the result and the money reaching the wallet. The panel should track it in minutes and alert when it grows. One exchange targets a credit within 15 minutes of settlement, and a reviewer measured a median of 11 minutes across twelve settlements.
Failed transactions need their own count by type, such as deposits, payouts, and refunds. Dispute backlog is a bottleneck too. One large platform logged over 1,150 disputed orders in the first five months of the year, which already beat the total for the whole year before.
How Gemini Does It
If the official source has not published a result, Gemini delays settlement until it can verify the outcome. Settling in-house means one less hand-off to track. A delay flag should still tell the team if the wait comes from the source or from the clearing step.
How Should a Prediction Market Admin Panel Restrict Staff Access?
A prediction market admin panel should give each staff member only the tools their job needs. The person who creates a market should never be the one who approves how it ends. Any risky change should need a second person to say yes. Every action an admin takes should be saved in a log that the team can search later. With these rules in place, no single employee can quietly change a market or move money alone.
1. Separate Market Creation From Approval
Polymarket once ran a market on whether Ukraine would agree to a minerals deal with the US before April. More than $7 million was traded on it before it closed. It resolved to yes even though no deal was signed. Reports said one whale used three wallets to cast 5 million UMA tokens, about 25% of the votes. Polymarket said the market was resolved too soon but still gave no refunds. That was token voters and not staff, but the lesson is the same. When a few hands control how a market ends, people lose trust fast. In your panel, the person who writes a market’s rules should never be the one who confirms the result.
How Rothera Keeps Roles Apart
Rothera is a newer example. Robinhood and Susquehanna closed their purchase of MIAXdx in January and renamed it Rothera. It is a CFTC-licensed exchange and clearinghouse that is managed independently through the joint venture. Susquehanna also acts as a market maker there. Robinhood began routing World Cup winner, spread, and total contracts to it. So the app, the exchange and the market maker are different teams. Copy that idea inside your panel. Give market creators, outcome approvers, and finance staff their own roles with their own logins.
2. Require Dual Approval for Changes
Some actions are too risky for one person. Ask for a second approver on these:
- Resolving a market or changing its result
- Changing fees, limits, or payout rules
- Large withdrawals
- Giving or removing another admin’s role
- Switching the oracle or data source
This matters because fraud grows where checks are weak. The ACFE studied 1,921 real fraud cases in its 2024 Report to the Nations. About 32% happened because there were no internal controls and 19% because existing controls were overridden. The median scheme took 12 months to uncover. A second approver closes both gaps. The approver must be a different person from the requester, and the panel should block anyone from approving their own request.
The Bybit Lesson
A second approver is not enough if they cannot see the real change. Bybit’s cold wallet needed more than one signer, and the signers saw a normal-looking transfer. The real change was hidden, and 400,000 ETH worth $1.46 billion was taken. So show approvers the exact old value and new value in plain words. For big amounts, ask them to confirm on a separate device.
How PredictIt Handles Limits
PredictIt shows that big changes need outside sign-off too. Its per-contract cap went from $850 to $3,500, and the old 5,000 trader limit per market was dropped under a new deal with the CFTC. Its operation also moved to the nonprofit Prediction Market Research Consortium, with Aristotle still helping day-to-day. Aristotle’s separate exchange later got CFTC approval and was sold to Underdog. Treat limit changes in your panel the same way. Two staff members should agree, and the reason should be written down.
3. Keep a Searchable Audit Trail
The CFTC said in an advisory that exchanges have their own duty to keep audit trails and watch for rule-breaking. Kalshi said it opened 200 investigations into insider trading in one year, and 12 were still going. One case involved a MrBeast editor who traded about $4,000 using information from his job.
In another case, Kalshi’s system flagged a trader for near-perfect results on low-odds markets, and other users sent tips. None of this works unless every action is saved in a log you can search.
| What to record | Why it helps |
| Who did it (user and role) | Shows who held the power |
| What changed (old and new value) | Makes mistakes easy to undo |
| When and from where (time, device, IP) | Odd hours and new devices stand out |
| Reason note | Forces staff to explain sensitive changes |
| Who approved it | Proves the second person really checked |
Kalshi has added more since then. It built tools that block candidates from trading on their own races, works with IC360 to block known athletes and officials from related sports markets, and added whistleblower features. Polymarket teamed up with Chainalysis on a model that looks for patterns pointing to insider knowledge.
It also published updated Market Integrity Rules in March. A tip line helps on the staff side too. The ACFE found that 43% of frauds were caught by a tip. Add a simple way for staff to report odd behavior inside the panel itself.
What Integrations Does a Prediction Market Admin Panel Require?
A prediction market admin panel needs links to the trading engine and live data feeds so staff can watch markets as they move. It also needs links to wallets, payment gateways, and oracles so money and results flow safely. Finally, it needs links to KYC providers and compliance tools so every user is checked and odd trades get flagged. Each link should send its data into one place so admins can act without opening five other tools.
1. Connect Trading Engines and Data Feeds
The panel should read from the trading engine all day. Staff need to see order books, trades, and market status so they can pause a market that looks wrong. Most engines share this through an API. Live data feeds then give the panel the real-world numbers that a market depends on. If the engine and a feed disagree, the panel should show a clear alert and not hide it.
How Kalshi Handles Live Data
Kalshi gives builders three ways in. Its API supports REST, WebSocket, and FIX for market data and order entry. REST works well for history and reports. WebSocket works well for a live dashboard. FIX is what trading firms already use. Its changelog shows a market lifecycle channel that sends an event when a market’s yes subtitle changes. Kalshi also added separate APIs for perpetual futures. Your panel should listen to the same kind of events so staff see changes as they happen.
How Limitless Mixes Order Books
Limitless is a prediction market on Base. It uses a fast off-chain order book for busy markets with on-chain settlement, and AMM pools for thin ones. It runs hourly, daily and weekly markets with USDC as collateral. Most markets resolve through Pyth Network, and Chainlink Data Streams was added for short crypto markets. That means one panel must watch two kinds of liquidity and two feeds at once. Show each market’s engine type and feed source in the same row so staff can spot a stale feed fast.
2. Integrate Wallets, Payments, and Oracles
An admin panel has to track where money comes from and how every market ends. Wallets and payment gateways show deposits, refunds, and failed payments in one place. Oracles decide the final result, so staff must see their status too. Coinbase lets users fund Kalshi trades with cash or USDC already in their accounts.
Polymarket’s Oracle Setup
Oracles decide how markets end so the panel must watch them closely. On Polymarket, anyone can propose an answer by staking a $750 USDC.e bond, and UMA token holders vote if someone disputes it. Polymarket later moved to UMA’s Managed Optimistic Oracle V2, which whitelisted resolution proposals. It also added Chainlink Data Streams and Automation to settle price markets at preset times.
That started with hundreds of crypto trading pairs. The partnership also launched 15-minute crypto markets. Your panel should show every open dispute and every feed status on one screen.
How Coinbase Handles Funding
Coinbase shows how payments can sit outside the exchange. It rolled out Kalshi markets in all 50 states, and users fund trades with cash or USDC already in their accounts. The product is offered through Coinbase Financial Markets, a CFTC-registered futures commission merchant. So the money side and the exchange side are different companies that must agree on every balance. An admin panel should show both ledgers side by side and flag any gap.
3. Connect KYC and Compliance Systems
Every user has to be checked before trading and watched after. The panel should pull that status from the KYC provider and pair it with alerts from trade monitoring. Staff should never have to ask another team if a user is cleared. Here is what the panel should show for each user:
- KYC status such as pending, approved or needs ID
- Sanctions and wallet screening alerts
- Flags from trade surveillance
- Case notes and the name of the reviewer
How Polymarket US Verifies Users
Polymarket US uses Socure for identity checks before anyone can trade. Its KYC API can approve a person instantly or ask for a photo ID. The US exchange asks for a government ID, an SSN, and proof of residency. The global site works differently. The non-US version runs without mandatory identity checks. That is why the panel has to support more than one rule set. Kalshi asks for a legal name, address, date of birth, and SSN.
4. Why Compliance Tools Matter
Skipping checks can get expensive. The CFTC once ordered Polymarket to pay a $1.4 million penalty for running an unregistered exchange. Polymarket later partnered with Chainalysis for a model that looks for patterns of insider knowledge. A Messari analyst said stopping insider trading is realistic only with KYC, because an on-chain wallet is hard to link to a real person without it. Connect your KYC provider and monitoring tool to the panel so one click shows who a wallet belongs to and what they traded
Build a Custom Prediction Market With IdeaUsher
An admin panel is much easier to build before launch. At IdeaUsher, we plan it from day one when we build a custom prediction market. Our team has 500,000 hours of coding experience. It also includes ex-MAANG and FAANG developers. We design every platform around the daily work your team really does.
Custom Prediction Market Admin Panel
We build the panel around how your admins work. Market creation, settlement, KYC, withdrawals and fee settings all sit in one place. Role-based access gives each person the tools for their job. Pause and freeze controls work with a second admin sign-off. The audit log records who did what. So your team can act fast and still keep a clear record.
Secure Trading and Automated Settlement Integration
We connect the panel to the order book, liquidity data and position limits. Alerts for suspicious trading come to the same screen. Settlement runs on oracle data when the result is clear. Admins step in only when something looks wrong. This cuts manual work and lowers the chance of mistakes.
Scalable Prediction Market Platform Architecture
Live events can bring a rush of trades in a few minutes. The platform must handle that without slowing down. We build the backend to give daily volume and revenue reports. It can also grow with new markets without a rebuild. So your platform stays steady as more users join. If you want to plan your platform before launch, talk to our team.
Conclusion
A prediction market admin panel does much more than show numbers. Admins use it every day to create markets, settle results, pause trading and check suspicious accounts. The best panels also have clear roles, an audit log and a second sign-off for big actions. Most teams find the gaps only after a result dispute or a stuck withdrawal. Planning the panel before launch costs far less than fixing it on a live platform. If you are building your own platform, start with the daily work your admins will do and build the panel around that.
FAQs
A1: Yes they can. A pause stops new orders and matching. But the orders already on the book stay there. The admin can also let users cancel their own orders during the pause. It helps to tell users why the market is paused. When the data is fine again the admin checks the market and reopens it in small steps.
A2: The admin first looks at the market rules and the data source. If the result is clear, the market settles by the rules. If it is not clear, the admin pauses settlement and a second admin reviews the case. Kalshi’s Fox sports market is a good example because it settled by the written rules. Every decision and its reason stay in the audit log.
A3: Automate the work that follows fixed rules. Position limits, alerts for suspicious trading, and the first KYC check are good examples. Daily volume and revenue reports can run on their own too. Settlement can also run by itself when the oracle data is clear. But keep people in charge of pausing a market, freezing an account, handling disputed results, and approving a reopening.
A4: The cost depends on what the panel needs to do. If it only has market creation and settlement, the cost is lower. Risk alerts, KYC, withdrawals, role-based access, and an audit log raise the price. Integrations like oracles and payments add to it. Planning before launch is cheaper than fixing gaps on a live platform. Send your feature list to our team, and we will give you a clear estimate.
A5: Each person should see only what their job needs. A market creator sets up markets and a risk analyst watches alerts and limits. A support agent handles user problems and a compliance reviewer checks KYC and withdrawals. Big actions like freezing an account or reopening a market need a second admin to approve. The audit log records every action for every role.
A6: The admin should freeze an account only when the pattern looks real. One odd trade is not enough. They should check linked accounts, the funding source and the timing first. A freeze stops new activity on that account and nothing else. The admin writes the reason in the audit log and reviews the case fast. If the account is clean, it can be unfrozen with no harm done.
