predicated Working name · prototype · sample data

Settled to what the public can read.

Rent rises with inflation. Your weekend depends on the weather. Predicated lets you take a side on the numbers that already shape your month, from $1 a contract, settled to the official figure when it is published. You see the source and every cost before you trade, and you set your own limits before your first order.

Coffee poured, pitas leaving the oven, a supermarket produce shelf, a farmers market stall, rain on a street, then "Settled to what the public can read." Video: USDA (public domain) and Wikimedia Commons contributors (CC0, public domain); cut to an 18-second silent loop. Credits. Stops if your device is set to reduce motion.

Built on: the same published numbers institutions already trade 7 U.S.C. §1a(18) · CME submission 23-259 · KalshiEX Rule 40.2 filing
$10,000,000

Assets a business needs before it may enter a swap off an exchange

$20,000

Index value of one exchange weather contract, sold in 20-contract blocks

$1

An event contract that settles to the same published number

Market stories · one market each · sample data

Three one-market prototypes, each with a silent video loop.

Each opens on the market's story: a public-domain clip, cut to a silent loop with a caption and a pause control, that stops when the phone is set to reduce motion. The clip sits behind the story only. The order sheet, a position and every money screen carry no images or video (charter S3).

September CPI

Settles to the BLS release. Grocery-store clip.

Central Park weather

Settles to the NWS Daily Climate Report.

A café owner's view

The weather market as a small business reads it, with the basis-risk lesson first.

Product · website home · not published

The home page, when the founders say so.

Nothing is published until all four founders agree (D7), and every line waits on the Claims founder.

predicated.xyzDraft

Settled to what the public can read.

Contracts on inflation, interest rates, jobs and the weather, each settled to a public number you can check yourself. No sports. No casino games. You set your limits before your first order.

You can lose money.
WeatherSample prices
Will Central Park record 1 inch of rain or more on Saturday?
27%implied probability

Settles to the National Weather Service Daily Climate Report for Central Park.

Listed on Kalshi, a CFTC-designated contract market.
The Release

Each week's public sources, the day they publish: the BLS CPI release, the FOMC statement, the NWS daily climate report.

Every contract says what settles it.

A named public source and a written fallback, on the contract before you buy. Nobody decides the outcome afterwards.

Every cost before the button.

The venue's fee and ours, in cents, with the venue's formula beside it. For a perpetual, the funding, until you close.

Limits first.

A monthly limit set from your own means, deposits that count only once they settle, and a break you can take at any time.

For owners

How a published number reaches your costs.

Free lessons, no account needed. The first one is basis risk: a contract pays on the number, not on your loss, and it can pay nothing in the month you lose the most. We never tell you whether to buy one, which one, or how many.

Lesson 1 · A dry month at a garden centre

Rain and sales, read against the NWS monthly total. Invented business. Invented figures.

5 minutes · no order button inside a lesson
What we never do

List a contract on anyone's death, injury or illness. List sports at launch. Hold your money. Take the other side of your trade. Let you trade on money that has not settled. Show anyone your profit.

Predicated is a technology company, not a bank, an exchange, a broker-dealer or a futures commission merchant, and it never takes the other side of your trade. Your money is held by a licensed partner or stays in your own wallet. You can lose money.

Product · customer account · clickable

The account, from first look to close-out.

Tap through it. Open a contract, take the first-order check, place an order, then close the perpetual and watch funding stop. Change where you live and the catalogue changes with it. The notes on the right light up for the screen you are on.

Product · founders' console · Track A

Where a founder signs, and where the guard shows its work.

Decision traces, the approvals queue, every public reference and how fresh it is, venue concentration, and each guard rule's refusals today. Approvals are single use, and an agent cannot sign one.

‖ Launch gate closed: every live venue call is refused (P10). Mock venues only. Sample data
1,284Orders through the control plane today, all to mocks
41Refused by the guard, across five rules
4 / 5Public references fresh; one halted
3Approvals waiting for a founder
Recent decision traces
OrderWhereContractVenueEligibleExposureReferenceGuard
ord_8812New YorkCPI ≥3.0%, Sep · Yes ×10KalshiYes21% of limitBLS · fresh12 passed
ord_8813LondonRain ≥1 in, Central Park · Yes ×5—No——P7 jurisdiction_allows
ord_8814OhioFed cut, next meeting · No ×20KalshiYesSettling fundsFOMC · freshP5 settled_funds_only
ord_8815TexasUS gasoline >$3.20 Monday · Yes ×8KalshiYes9% of limitEIA · stalePaused: L6
ord_8816BookCPI ≥3.0%, Sep · No ×40Kalshi———P3 tracks_never_cross
Public referenceContractsLast readFreshness budgetFallbackState
BLS CPI-U releaseCPI2 min ago15 minKalshi Rule 6.3Fresh
Federal Reserve FOMC statementFed rate4 min ago15 minKalshi Rule 6.3Fresh
NWS Daily Climate Report, Central ParkWeather6 min ago30 minKalshi Rule 6.3Fresh
CF Benchmarks BRTIBTC perpetual1 s ago5 sVenue index ruleFresh
EIA weekly retail gasolineGasoline9 days ago8 daysKalshi Rule 6.3Stale · orders halted

Freshness budgets are placeholders until the founders sign them; while a budget is unset, live orders on that reference are refused.

Approvals

Single use. Signed by a named founder seat. An agent's signature is refused.

Venue concentration

Kalshi100% of routed orders

L12 One venue at launch (D5). The integration is built for more than one (D6).

Guard refusals today

P7 jurisdiction_allows22
P5 settled_funds_only9
P3 tracks_never_cross4
P9 agent_keys_trade_only3
P6 nothing_after_close_out3
P0 P1 P2 P4 P8 P110
P10 launch_gate_closedevery live call
Product · agent book · Track B

The founders' book, behind its wall.

Founders' capital only, never offered or shown to a customer. Every wall check is listed with its state, the known gap included. The kill switch is one founder's pull and only the Book founder's reset.

The wall

Founders' capital only; no outside money (D2)P4 built
No sight of customer order flowP3 built
No house book beside customersP11 built
Agent keys trade and never withdrawP9 built
A separate legal entityTo form
Separate id counter from Track AKnown gap

The mock still shares one id generator across both tracks, so gaps in one reveal activity in the other. Fixed in build step 1.

The graduation ladder

Paper Now
Public prices, mock venues, the full control plane
Demo Next
Kalshi's demo environment, mock funds
Small live Locked
Founders' capital, inside a signed budget. Criteria written before the first order
Mechanism, in D3's orderWhat the research foundState
Cross-venue price gapsAverage gaps of 2–4% between equivalent markets against about a 2% break-even; the market-wide figure is not ours to claimPaper
Forecasting tournamentsMetaculus AI benchmark: a $50,000–58,000 pool per season, shared across about 100 entrantsPaper
Directional, reference-settled positionsDirectional institutional trading still reads as shallow in a bank's own researchPaper
Maker-side programmesKalshi's incentive pays $1–$1,000 per market per day; the maker side is held by professional desksDeferred

Limits

Signed budget[set by the founders]
Daily loss limit[set by the founders]
Position capsshare of budget, per venue

On a daily-loss breach, new opening orders halt at once and closing orders stay allowed.