Judge.io

This is a proof of concept for Judge.io, integrating UMA-inspired dispute resolution and the jUMA governance protocol, along with a hybrid-decentralized order book model:

Judge.io: Speculative Wagering on Real-World Outcomes

Judge.io is a platform allowing users to place speculative wagers on upcoming events using a fictional currency called JPoints. Unlike traditional prediction markets, Judge.io focuses on binary outcomes for simplicity and broad appeal.

Core Features & Functionality

• Curated Event Markets: Each market represents a real-world event with a verifiable outcome. Examples:
  • Legal: "Company X will be fined over $10 million by [date]"
  • Sports: "Team Y will win the championship"
  • Finance: "Stock Z will close above $50 by [date]"
• User Wagering: Users stake JPoints on their desired outcome (YES/NO) in each market.
• jUMA Dispute Resolution: If a market's result is contested:
  1. A dispute is initiated, freezing the payout.
  2. jUMA token holders vote on the correct outcome.
  3. Rewards/penalties are applied based on voting correctness.
• UMA-based Oracle: The jUMA governance system acts as a decentralized oracle, providing the final, verified result for each market.

Hybrid-Decentralized Order Book

• Non-Custodial: Judge.io never directly holds users' JPoints. Wagers are held in smart contracts.
• Order Matching: A combination of:
  • Off-Chain: Operators provide order management and matching services, leading to a smoother user experience.
  • On-Chain (Settlement): Settlement occurs trustlessly through smart contracts following parameters set by users.
• jUMA Market Creation: jUMA token holders can propose new markets. After governance voting, approved markets are added to the platform's order book.

JPoint Economy & jUMA Governance

• JPoint Minting: Rate of minting and allocation (task rewards, staking, etc.) is controlled by jUMA governance.
• System Upgrades: Judge.io feature changes and dispute resolution refinements are proposed and voted on by jUMA holders.
• jUMA Council: Elected, rotating council of jUMA holders adds a layer of curation and initial vetting to proposed markets.

Advantages

• Unique Focus: Binary outcomes simplify the prediction market concept.
• Community Driven: jUMA governance decentralizes decision-making and platform evolution.
• Trust Minimized: Dispute resolution and the hybrid-decentralized order book reduce reliance on a central operator.
• Incentivized Accuracy: jUMA token holders are rewarded for maintaining platform integrity.

Technical Considerations

• Backend: Robust smart contract development on Ethereum or a suitable blockchain.
• Frontend: User-friendly interface with clear market presentations.
• Dispute System: Streamlined dispute process to lower participation barriers.
• Scalability: Design for future growth and potential high usage volume.

Next Steps

1. Technical Feasibility: Assess blockchain options, and design the smart contract architecture.
2. Market Research: Identify initial target market categories (e.g., finance-focused).
3. jUMA Model: Outline tokenomics, voter incentivization, and governance structures.
4. Prototype: Build a basic MVP (minimum viable product) to test the core concept.