Yes! Payouts are fixed and guaranteed based on final rankings.
During the IPO phase and during the games, pricing is determined by market. All shares begin the IPO at $1 and are bid up by users until the conclusion of the IPO when shares are released to the highest bidders. During the games, live pricing is driven by buyers and sellers. At the end of every event, all shares are paid out based on final player rankings. The payouts are listed before and during every event.
Each rank automatically gets paid out once scoring is final. e.g. If our guaranteed payouts show 5th place overall is worth $20 per share and Tom Brady finishes with the 5th most points, then each share of Tom Brady will be paid out $20 when the event ends.
The IPO is a share auction. Users bid for a limited number of shares and the highest bidders win. Any user that is outbid for shares is notified in real-time. Jock MKT uses a second price auction, where the highest bidder pays $0.01 more than the second highest bid.
After the IPO, shares are distributed to the highest bidders. Any funds withheld for non-winning bids are returned to users, and live trading begins.
It depends. Check the guaranteed payouts for final rankings before bidding. e.g. You may think Tom Brady will finish 10th or better in terms of total points and our payout for 10th place is $15 then maybe bid just below 10th place payout, say $14 per share.
You can buy or sell shares by creating trade offers. The system matches buys (bids) and sells (ask) in real-time with other user offers based on best available price.
During IPO, there are limited shares, so if you received only some of your shares then you're the low bidder and others bid more for the remaining shares. During live trading, our system matches on best available price, so if you bought or sold only some of the shares you entered then there were no more matching offers at your price.
Think of Contests as poker tournaments, and Markets as poker cash games. For Contests, all users buy-in for the same amount and receive the same number of chips. At the end, total chip count (your balance + your shares) relative to other users determines final prizes. For Markets, all transactions are cash transactions. If you buy x1 share @ $5 and sell that x1 share @ $10 then $10 is added to your balance and you just made $5 profit.
We have this on our roadmap but do not currently have that capability.
Yes. We plan to make it available when we launch our web app.