How Bullseye Works

Bullseye is the future of price prediction.

Accurate and Fair Pricing

Pricing is set by the Black-Scholes formula, a framework used across trillions of dollars in derivatives trading. It does not depend on supply or demand from thin orderbooks.

Infinite Liquidity

Users can make predictions of any size without waiting for orderbook liquidity. Position size is not limited by the availability of sellers or slippage through a thin book.

Exponential Upside

The winning range takes the market pool. Rewards can grow far beyond traditional prediction market shares, where the maximum return is capped at $1 per winning share.

01What is Bullseye?

Bullseye is a price prediction market focused on predicting an asset's price at expiry.

Bullseye uses the Black-Scholes options formula, a pricing model tested across trillions of dollars in options and derivatives markets, to price each prediction range.

Instead of relying on prices determined from trading on an orderbook, Bullseye calculates a clear model price for every supported range using live market price, historical volatility, time to expiry, range boundaries, and quantified risk.

The Pricing Advantage

Users are not guessing against thin liquidity, stale quotes, or inefficient orderbooks. Every range starts from a consistent model-driven price.

The Liquidity Advantage

Entering a prediction does not require a seller to be available. Each range can be priced directly from market data, keeping markets live and accessible.

The Upside Advantage

The winning range receives the market pool, so rewards are not capped by the fixed $1 payout structure used in traditional prediction market shares.

Bullseye can list any asset if it has at least 30 days of price history

Stocks

Single-name equities with enough trading history to measure volatility.

Crypto

Digital assets with active markets and continuous price history.

Commodities

Energy and raw materials with reliable market pricing.

Metals

Gold, silver, and other metals with deep historical price data.

Forex

Currency pairs with enough history to quantify volatility.

Indexes

Broad market indexes with clean price history and defined sessions.

02Why Price Prediction Needs to Be Reinvented

Real price prediction barely exists in today's prediction markets. What exists is orderbook speculation around whatever liquidity happens to be available.

The displayed probability can look active, but the executable size behind it is often too small for serious prediction.

Polymarket and Kalshi are two of the largest names in prediction markets, yet the data still shows thin visible liquidity, weak depth, and slippage risk even for Bitcoin.

Access Is Seller Dependent

If sellers are not available at a fair price, the prediction is not truly open. The user is forced to wait, overpay, or abandon the trade.

Displayed Price Is Not Real Depth

A market can show a probability while having very little size behind it. The quote may look usable until a real order pushes through the book.

Slippage Ruins a Clean Prediction

Thin books create stale quotes, weak depth, and price movement from the order itself. Users end up managing market structure instead of making a clean prediction.

Polymarket
Polymarket Bitcoin July price market showing limited visible orderbook depth

Polymarket July - Aug BTC prediction

The #1 prediction market in the world had $10.5K available from 28c to 31c. A $10K BTC prediction would push the quote up 10.7%.

Kalshi
Kalshi BTC price on Friday at 5pm EDT market showing Yes and No orderbook depth

Kalshi Aug 1 - Aug 7 BTC prediction

The #2 prediction market in the world had $5.7K available from 54c to 57c. A $5.6K BTC prediction would push the quote up 5.6%.

The world's largest prediction markets have absolutely no liquidity for users to enter in the highest volume crypto asset.

Price prediction is currently broken.

03Bullseye vs Leading Prediction Markets

Pricing

BULLSEYE

Accurately Priced

Bullseye calculates a clear price for every supported range using live market data. The price comes from the model, not from a thin orderbook.

Polymarket

Orderbook priced

The price comes from trading on an orderbook. Thin books can make prices stale, jumpy, or inefficient.

Kalshi

Orderbook priced

Member bids and asks set the price. If the book is thin, the available price can be worse than the real prediction.

Liquidity

BULLSEYE

Infinite liquidity to predict

Users can make a prediction on any supported range without waiting for a seller to appear.

Polymarket

Seller dependent

A user can only buy what someone else is willing to sell. Bigger orders can push through weaker prices.

Kalshi

Seller dependent

Quick Orders use what is available in the book. If there is not enough quantity, the order can move to worse levels.

Orderbook

BULLSEYE

Optional

The orderbook is optional. Users can buy from Bullseye first, then trade tickets later if they want.

Polymarket

The book creates the market

The market depends on buyers and sellers meeting in the book. Without enough activity, price quality suffers.

Kalshi

The book is the market

Members trade Yes and No contracts with each other. Available quantity comes from posted orders.

Upside

BULLSEYE

Unlimited upside

The winning range receives all of the money, regardless of the amount spent to make a prediction on that range.

Polymarket

Fixed $1 ceiling

A winning share pays $1. The most it can pay is fixed before the trade starts.

Kalshi

Fixed $1 ceiling

A winning contract settles at $1. The most it can pay is fixed before the trade starts.

04How a Bullseye market works

  1. 01

    A Price Prediction Market is Created

    Bullseye creates a market for an asset, expiry time, and set of price ranges.

  2. 02

    Prices Are Published On-Chain

    Every supported range receives a clear price before users make predictions.

  3. 03

    Users Make Predictions

    Users choose the ranges they believe will win and receive tickets for those predictions.

  4. 04

    Prediction Period Closes

    New predictions stop. Existing tickets can still trade on the optional orderbook.

  5. 05

    Market Finally Expires

    Bullseye records the final asset price and determines the winning range.

  6. 06

    Winners Claim the Pool

    Winning ticket holders claim the pool. If nobody picked the winning range, ticket holders get refunded.

05How Bullseye Determines Pricing

Bullseye prices the probability that an asset expires inside a selected price range.

Each range has a lower boundary and an upper boundary. Tail ranges capture the probability below the first boundary or above the final boundary.

Range probability

Prange=N(d2(K1))−N(d2(K2))

Boundary input

d2(K)=ln(S/K) − (σ2/2)Tσ√T

finite range: K1 ≤ ST < K2 · current engine uses r = 0

Four Inputs Used for Pricing

Bullseye uses these inputs to calculate a model price for every supported range.

S

Live Market Price

The current asset price when Bullseye calculates the quote.

σ

Historical Volatility

How much the asset has moved across recent price history.

T

Time to Expiry

The time remaining until the market reaches settlement.

K₁ / K₂

Range Boundaries

The lower and upper prices that define the selected range.

06Code Audit

07How Users Make Predictions

  1. Bullseye login modal showing email, Google, and X login options
    01

    Login

    Sign in with a social account. Bullseye creates the embedded wallet that holds tickets and receives any payout.

  2. Bullseye market selector showing listed assets and live prices
    02

    Choose Market

    Select the asset and expiry time for the price prediction.

  3. Bullseye ticket book showing price ranges, prices, sold amounts, and add buttons
    03

    Select Ranges

    Choose one or more price ranges and enter the ticket amount for each range.

  4. Bullseye prediction slip showing selected ranges, total stake, and approval step
    04

    Review Prediction

    Check the selected ranges, total stake, approval status, and estimated upside before signing.

  5. Bullseye prediction slip showing spending approval complete and confirm buy available
    05

    Approve Spending

    If approval is required, set the spending limit as a separate wallet action.

  6. Bullseye confirmation slip showing the final purchase step, tickets, wagered amount, selected ranges, and actions
    06

    Confirm Purchase

    Sign the final buy transaction. The prediction tickets are minted to the wallet once the order is confirmed.

08Bullseye's Optional Orderbook

Bullseye features an orderbook for every price range, giving users the option to sell their predictions at a discount to the protocol-set price. The orderbook gives users more flexibility after entry, allowing for swing trading strategies and offering a solution for users who want to manage risk.

Bullseye orderbook screen showing bid, mid, ask, spread, depth levels, recent trades, and buy or sell order entry

Secondary Market Only

The orderbook improves trading after entry. It does not decide whether a prediction is available.

Wallet Stays in Control

Creating an order does not move funds or tickets out of the wallet. Transfer happens only when the order fills.

Flexible Trading

Users can sell tickets, bid for tickets, receive partial fills, and cancel open orders.

09Claiming Winnings

When a market expires, Bullseye compares the final asset price with the market ranges and marks the winning range. Tickets in that range become claimable from the resolved market page.

Winners see the resolved range and claimable payout in one place.

The claim screen turns settlement into a clear action: final range, payout pool, personal reward, and claim button.

Bullseye SPACX resolved market showing the winning range, claimed payout, and resolved market chart

Final Price Decides the Range

Settlement uses the recorded expiry price to identify the single winning range for that market.

Winning Tickets Become Claimable

If the wallet holds tickets in the winning range, the resolved market shows the available payout and claim action.

No Winner Means Refund Path

If nobody selected the winning range, eligible ticket holders follow the refund flow instead of a winnings claim.

10Bullseye's Vision

Bullseye's vision is to become the world's leading price prediction market.

After years of prediction-market operations, one thing is clear: the current structure does not work for price prediction.

Bullseye is here to disrupt that structure and introduce a new paradigm for price predictions: model-driven pricing, always-available range entry, and user-owned growth incentives.

The goal is to reach the global Web2 audience by abstracting away crypto token management, gas, wallet friction, and complex dApp interactions.

A New Market Structure

Price prediction should start from market data, not from the limited availability of sellers in a thin orderbook.

Built for Global Access

Bullseye is designed for a global Web2 audience, with wallets, gas, token handling, and dApp friction pushed behind a simple prediction experience.

Relevant in Every Geography

Price prediction is universal. Bullseye can serve users anywhere because stocks, crypto, commodities, metals, forex, and indexes are globally understood markets.

Built to Outscale Incumbents

Existing prediction markets proved there is demand for speculation. Bullseye is built to unlock the larger category of direct price prediction.