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Market open to place bets until Friday 12:00 AM ET
Bets will be graded/settled based on the events that occur Friday 12:00 AM ET - Sunday 11:59 PM ET.
What is Brain Damage Bingo and How Does it Work?
In summary: each bingo card is full of random events. A bingo occurs when all the events in any row/column happen. Users can bet on whether any row or column will, or will not be a bingo. The six rows/columns available to bet on this week are shown in the graphic above.
Brain Damage Bingo is like regular bingo with a fun twist. Instead of numbers on each of the squares of a Brain Damage Bingo card, there are real events that either will or will not occur on the weekend (e.g. $WIF price goes up over the weekend). Instead of everyone having a different bingo card, everyone has the same bingo card, and can bet on any row/column getting a bingo, or on any row/column not getting a bingo.
Your goal? Bet on the row(s)/column(s) you think are likely to get a bingo OR bet against the row(s)/column(s) you think will not get a bingo.
FAQ
Where can I bet on Brain Damage Bingo?
sx.bet/novelty-markets. There are 6 different markets, one for each row/column marked on the card above.
If I bet on "Row 3 Bingo", for example, and 2/3 events in the row/column happen, will I win my bet?
No, in order for a bet on Bingo to win, all four events in the row/column must occur.
What is the timeline used for settlement?
You can find the specifics on the source for settlement, and the timeline of which data will be used for each event either below (in this blog post).
Can I bet on a row/column NOT hitting a bingo?
Yes, you can bet on a row/column not hitting bingo in two different ways. 1) Make a bet on "Row ___ not bingo" if there is liquidity available OR make a limit order on "Row ___ not bingo" to offer liquidity on the "bingo" side of the market for someone else to take.
Market Descriptions & Settlement Rules
Bingo Markets General Rules
Bingo markets will be settled according to whether or not all three events in a given row/column occur or not. If all three events in a row/column occur, the market corresponding to that row/column will be settled as “Bingo”, if at least one of the events in a row/column does not occur, the market will be settled as “No Bingo”.
Individual Event Settlement Rules
Price Up/Down Markets (Tokens) - Will these tokens go up or down in price this weekend?
Price Up/Down token markets will be settled according to whether the token in question is higher or lower at the close of the 1-minute candle on Sunday, June 23rd 11:59 PM ET than the open of the 1-minute candle on Friday June 21st at 12:00 AM ET. If the price is higher, the market will settle as price up, if the price is lower, the market will settle as price down. Settlement source for each token will be:
BONK Price Down: https://www.binance.com/en/trade/BONK_USDT
PEPE Price Up: :https://www.binance.com/en/trade/PEPE_USDTv
SOL Price Down: https://www.binance.com/en/trade/SOL_USDT
BTC Price Up: https://www.binance.com/en/trade/BTC_USDT
ZK Price Down: https://www.binance.com/en/trade/ZK_USDT
MOTHER Price Up: https://www.geckoterminal.com/solana/pools/HcPgh6B2yHNvT6JsEmkrHYT8pVHu9Xiaoxm4Mmn2ibWw
DADDY Price Down: https://www.geckoterminal.com/solana/pools/zcdAw3jpcqEY8JYVxNVMqs2cU35cyDdy4ot7V8edNhz
NFT Floor Price Markets (NFT Collections) - Will the floor price of these NFT collections go up or down this weekend?
Floor price up/down NFT markets will be settled according to whether the floor price of the collection in question is higher or lower on Sunday, June 23rd 11:59 PM ET than on Friday June 21st at 12:00 AM ET. If the price is higher, the market will settle as Floor Up, if the price is lower, the market will settle as Floor down. If no data is available for the exact time, the most recent data will be used. Sources for settlement will be:
BAYC Floor Up: https://www.coingecko.com/en/nft/bored-ape-yacht-club
CryptoPunks Floor Down: https://www.coingecko.com/en/nft/cryptopunks
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