How payouts are calculated
TL;DR Your payout = the amount you staked, plus a percentage of the losing side's Millix weighted by how much risk the market assigned to your prediction relative to where the market ended up. Predicting early or against the crowd on a correct call returns more than predicting once the outcome was already obvious.
Explained
Everyone who predicts the correct outcome gets their original stake back.
All the Millix staked on the incorrect side (the "profit pool") gets split among the correct predictors as a bonus. The bonus isn't split evenly, and it isn't split purely by the size of predictions. It's split based on how the market agreed with your prediction at the time you made it. The further the market's probability was from the final outcome when you made your prediction, the bigger your share of the bonus.
Why the market probability matters
Making a prediction moves the market and increases its implied chance of being correct.
If you predict the outcome when the market priced it at 20% likely, the market says you are taking a bigger risk than if the market priced the outcome at 60%.
If you predict the same outcome after it was already priced at 90% likely, you were mostly confirming what the market already believed. Less risk, less reward.
Both predictions were "right" but the first one took more risk to say so, so they earn a bigger share of the losers' money.
Example
Total pool: 1,000 MLX. Market resolves "Yes."
| Predictor | Stake | Probability of Yes when they stake
| Alice | 100 | 20%
| Bob | 200 | 60%
Amount staked by correct predictions: 300
Amount staked by incorrect predictions (profit pool): 700
Risk Weighting = Final probability − Probability when prediction was made * Stake
Alice: 0.8 × 100 = 80
Bob: 0.4 × 200 = 80 (tied)
Bonus splits evenly: 350 each
Alice: 100 + 350 = 450 → 4.5x return
Bob: 200 + 350 = 550 → 2.75x return
Alice staked less Millix but predicted when it disagreed with the market more than when Bob staked.