Meme Market Terms

Parimutuel Betting

A system where all bets are pooled, a house fee (rake) is deducted, and the remaining pool is distributed pro-rata to winners.

Meme Markets

Fast-paced betting markets on CalledIt with fixed bets on binary questions, randomized outcomes via Chainlink VRF, and AI-generated video reveals.

Rake

A configurable house fee deducted from Meme Markets pools before payouts.

Chainlink VRF

A verifiable random number generator used for fair outcome selection in Meme Markets.