BantabaMarkets Documentation
Everything you need to understand BantabaMarkets in detail: how a market actually pays out, what every fee is for, how Refer & Earn works, and the rules that keep the community fair.
Overview
In The Gambia and across much of West Africa, there is already a tradition for this. Long before anyone called it a “prediction market,” people gathered under a bantaba, the shaded meeting place at the centre of a village, to argue about what was going to happen next. Would the rains come early. Who would win the match on Sunday. What the harvest would look like this year. Elders weighed in, opinions were tested against each other in public, and the community formed its collective read on an uncertain future out loud, together.
BantabaMarkets is that same idea, built as a platform. You put real money behind what you believe will happen in a real, verifiable event: a football match, an election result, an inflation print, a piece of regional culture news. Everyone who backed the outcome that actually happens shares the pool of money that was staked, once a small commission is taken out. Everyone who backed the outcome that didn't happen loses their stake. There is no house taking the other side of your bet, and no bookmaker setting the odds ahead of time. The odds come entirely from how the community stakes.
This matters because it changes what kind of platform BantabaMarkets is, and what kind it deliberately isn't. It is not a trading exchange. You will not find an order book here, or the ability to buy a position and sell it back a few minutes later for a profit if the price moves in your favor. There is no continuous price you can trade in and out of, no market makers, and no fee structure built around trading volume. When you stake, that stake is locked until the real world tells us who was right. That single decision, made early and held to consistently, shapes almost everything else described on this page.
Getting started
You don't need an account to look around. Open any market from the homepage or a category page and you can read the question, the resolution criteria, the current pool split between outcomes, and the full discussion underneath it, all without signing up. You can even pick an outcome and type in an amount to see what it would pay out. The only moment BantabaMarkets asks you to create an account is when you actually try to confirm a stake, and at that point whatever you had already filled in is still sitting there waiting for you once you're signed in.
Creating an account takes an email address and a password. There is no card required and nothing charged automatically. Once you're in, the first thing worth doing is making a deposit through the Wallet page, since every stake comes out of your available balance. Deposits and withdrawals run through mobile money, the same rails already used for everyday payments across the region, so funding your account should feel familiar rather than like adapting to a foreign payment system.
From there, browsing is the best way to get a feel for it. Look at a market with a question you actually have an opinion on, read how it will be resolved and against which source, and watch how the split between outcomes shifts as more people stake.
How markets work
Every market on BantabaMarkets goes through the same four stages, and understanding them is really the whole platform.
1. A market opens with its rules already written down
Before a single dalasi is staked, a market states exactly what question it is asking, exactly what criteria will decide the answer, and exactly which public source will be checked to confirm it. If a market asks whether a particular team will qualify for a tournament, it names the federation whose announcement will settle it. If it asks about an inflation figure, it names the statistics bureau and the release it will be checked against. Nothing about how a market resolves is left to be decided later or interpreted loosely once the result is known.
2. You stake on the outcome you believe in
You choose an outcome and an amount, and that amount is deducted from your available balance right away. From that point it is locked. You cannot withdraw it, cash it out early if the odds move in your favor, or hand it off to someone else. The only two things that can happen to a locked stake are that the market settles and pays out, or the market is cancelled and you get it back in full.
3. The pool tells you what the community believes
The percentage you see next to each outcome, something like YES at 64 cents, is simply that outcome's share of the total money staked so far. It is not a live trading price and nobody is quoting it to you. It moves only because more stakes come in on one side or the other, and it is a genuinely honest read of what the people willing to put money behind their opinion currently think.
4. The market settles against its published source
Once the real outcome is confirmed, BantabaMarkets checks it against the source the market named on day one. A commission, somewhere between 5% and 10% depending on the market and always shown on the market page itself, is taken off the total pool. What remains is split among everyone who staked on the winning outcome, in proportion to how much of that outcome's pool they were responsible for.
A worked example
Say a market has a YES pool of 10,000 GMD and a NO pool of 5,000 GMD, for a total pool of 15,000 GMD, and the market carries a 10% commission.
At settlement, 1,500 GMD (10% of the total pool) is taken out as commission, leaving 13,500 GMD to distribute. If YES wins, that 13,500 GMD is split among YES stakers in proportion to their share of the 10,000 GMD YES pool, which works out to a multiplier of roughly 1.35 times whatever each person staked. If NO wins instead, the same 13,500 GMD is split among the much smaller NO pool, so NO stakers see a multiplier closer to 2.7 times their stake. The side with less money behind it pays out more per stake if it wins, because there are fewer winners to split the pool with.
Not every market reaches settlement the way it was expected to. If a market never reaches the minimum pool size it needed to be worth resolving, or is cancelled for any other reason, every stake placed on it is refunded in full and no commission is ever taken. Cancellation exists to protect you, not the platform.
Categories
Markets are organized into five broad hubs, and each one carries its own set of sub-topics underneath it, so you can go as specific as you like.
Politics
National politics, legislation, and elections in The Gambia and Senegal. Every political market names the institutional announcement it will be settled against, so there is never any ambiguity about what counts as the result.
Sports
Football, basketball, volleyball, tennis, cricket, and traditional wrestling. Match outcomes, tournament qualification, and season-long results, always settled once the relevant league or federation confirms the official result.
Economics
Currency rates, inflation prints, and trade figures, tracked against official releases from central banks and national statistics bureaus rather than informal estimates.
Geopolitics
Regional affairs across ECOWAS and the wider West African region, African Union and continent-wide developments, and major world political events. It gets its own hub, separate from domestic Politics, because there is a lot of ground to cover here.
Culture
Festivals, music, community events, entertainment, celebrity news, and social-media trends. Culture markets settle only against verifiable public statements or credible reporting, never against rumor alone, even when the subject matter is lighter than politics or economics.
Singles & Combos
A single is the simplest kind of stake: you back one outcome in one market, and it settles on its own. Most stakes on BantabaMarkets are singles.
A combo lets you link outcomes from several different markets into a single slip. You might, for example, combine a prediction about a football result with a prediction about an upcoming election into one combo. The appeal is that the payout multipliers from each leg compound together, so a combo can pay out considerably more than any one of its legs would on its own. The tradeoff is symmetric: a combo only pays out if every single leg in it wins. Get four legs right and one wrong, and the whole combo loses, the same as any leg on its own would have.
Singles and combos are priced differently, and it's worth understanding why. A single stake is pari-mutuel: your payout depends on the shape of the pool at the moment the market closes, so it keeps moving right up until then. A combo leg, by contrast, is priced at the odds available the instant you build the slip, and those odds are locked in immediately, they don't move again regardless of what the pool does afterward. That's deliberate: it's the only way we can show you a real potential payout for a combo before you commit to it, since a true pari-mutuel combo multiplier wouldn't be knowable until every market in it has actually settled, which could be days or weeks apart. One consequence worth knowing: because of this, the same outcome can end up paying a slightly different effective rate in a combo leg than it would as a single placed at another time — that's not a bug, it's the two pricing models working as designed.
Both singles and combos follow the same core rule that runs through everything on this platform. Once a stake is placed, it is locked until the market, or every market in a combo, has actually resolved.
Fees
BantabaMarkets keeps its fees to three, all of them visible up front, and none of them tied to trading activity, because there is no trading to tax.
Pool commission: 5% to 10%
Set per market and shown on the market page itself before you ever stake. It is only ever taken from the winning side of the pool at settlement, never from your stake when you place it, and never at all if the market is cancelled. This is how BantabaMarkets funds the platform, in the same way a pari-mutuel racetrack takes a cut of the pool rather than charging an entry fee.
Deposit fee: 2%, capped at 50 GMD
Covers the real cost of moving money in through mobile money rails. The cap means a large deposit never pays a disproportionate fee.
Withdrawal fee: a flat 20 GMD
The same regardless of how much you withdraw, with a 50 GMD minimum withdrawal amount so the fee never eats an unreasonable share of a small payout.
That is the entire list. There is no fee for staking, no fee for browsing, no fee for building a combo, and nothing hidden in the odds themselves.
Refer & Earn
Every account gets its own referral link automatically, available on the Refer & Earn page. Share it, and when someone joins through it, you have referred them. But the reward itself is tied to something more meaningful than a signup.
When the person you referred makes their first deposit, real money entering the platform for the first time through your link, you earn 10% of that deposit amount, credited straight to your wallet the moment the deposit clears, up to a cap of 10 GMD per referral. If they deposit 50 GMD or less as their first deposit, you receive 10% of it; if they deposit more than that, the reward still caps at 10 GMD — depositing 500 GMD or 1,000,000 GMD as a first deposit earns you the same 10 GMD. There is no cap on how many people you can refer, so your total earnings across all referrals is unlimited even though each individual reward is capped.
Signing up through your link on its own doesn't earn you anything, and that is deliberate. Tying the reward to a real first deposit rather than a bare signup means the reward reflects someone genuinely joining the platform, not just clicking a link. Until your referral deposits, your referrals page will show them as pending. The moment they do, it updates to show exactly what you earned.
Wallet & payments
Deposits and withdrawals on BantabaMarkets run through mobile money, the payment method most people across The Gambia and Senegal already use for everyday transfers, rather than requiring a bank card or an international payment method. You initiate a deposit from the Wallet page, complete it through your mobile money provider, and the funds land in your available balance once the payment is confirmed.
Withdrawals work in the other direction and are debited from your balance the moment you request them, so the funds can't be spent twice while the transfer is being processed. In the rare case that a transfer fails on the processor's side after your balance has already been debited, the full amount is returned to your wallet automatically. You should never need to chase a failed withdrawal manually.
Community & moderation
Every market has its own discussion space underneath it, a running conversation where you can share why you staked the way you did, argue the other side, or just follow along. You can bring another user directly into the conversation by typing @ followed by their username. Start typing after the @ and a list of matching usernames appears so you can pick the right person without guessing the exact spelling.
Keeping that space usable for everyone matters as much as the markets themselves. A comment that trips an automated content filter, or that another user reports, is never deleted automatically. Instead it is queued for a human moderator to review, so a false positive never silently erases something you wrote in good faith. Reporting a comment takes one click and is available to any signed-in user directly from the comment.
Leaderboard
The leaderboard ranks the community two ways: by settlement accuracy, meaning your win rate across every stake you've had actually settle, and by total volume staked over time. Accuracy ranking requires a minimum number of settled stakes before you qualify, specifically so that one lucky single stake can't put a brand-new account at the top of the board ahead of people with a genuine track record.
What shows up next to your name depends on whether you've set a username in Settings. If you have, that username is what the leaderboard, and everywhere else your name appears publicly, shows. If you haven't, your full name appears masked, so something like “Amie Bojang” shows as “Amie B.”
Account & safety
BantabaMarkets is restricted to users 18 years of age or older, no exceptions. Staking real money should stay something you do deliberately and within your means, and the platform is built with that expectation from the ground up, not as an afterthought.
If your use of BantabaMarkets ever starts to feel like more than entertainment, you can ask to have your account suspended or self-excluded at any time. Details on how to do that, along with our current regulatory status and what BantabaMarkets is and is not permitted to offer today, are covered fully in our Regulatory Disclosure. Our Terms of Service cover the rest of the legal detail, including how to raise a dispute over how a market was resolved if you ever believe it was settled incorrectly.
Glossary
Pool. The total amount of money staked on a market, split between its possible outcomes.
Stake. The amount of money you put behind a specific outcome. Once placed, it is locked until the market settles.
Outcome. One of the possible answers to a market's question, for example YES or NO, or a specific team in a multi-way market.
Settlement. The moment a market's real-world result is confirmed and the pool is distributed to winning stakers.
Commission. The percentage of the total pool taken by the platform at settlement, never charged when you stake and never charged on a cancelled market.
Multiplier. How much a winning stake pays out relative to the amount staked. A multiplier of 2x means a 100 GMD stake pays out 200 GMD.
Combo. A single slip that links outcomes from several markets together, paying out only if every leg wins.
FAQ
Can I cash out a stake early?
No. A stake is locked from the moment you place it until the market it belongs to settles or is cancelled. There is no early exit and no way to sell your position to someone else.
Can I browse and build a stake without an account?
Yes. You can look at any market, pick an outcome, and type in an amount without signing up first. You're only asked to sign up or log in at the moment you try to confirm the stake, and whatever you had already filled in is still there once you're signed in.
What happens if a market is cancelled?
Every stake placed on it is refunded to your available balance in full. No commission is ever taken on a cancelled market.
Who decides how a market resolves?
Nobody decides it after the fact. Every market names its exact resolution source before it ever accepts a stake, and it is settled strictly against that published source once the real outcome is known.
How exactly is Refer & Earn calculated?
You earn 10% of the first deposit made by anyone who joins through your referral link, capped at 10 GMD per referral, credited the moment that deposit clears. Signing up through your link alone doesn't earn anything on its own.
Why does the payout multiplier change before a market closes?
Because it reflects the pool, not a fixed price. Every new stake shifts the balance between outcomes slightly, so the multiplier you would receive today can be different from the multiplier you would have received yesterday, or the multiplier you'll actually be paid once the market settles.