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Sealed-Lot Auction: Lots & Categories

Every auction centers on a lot — a bundle of seven real Polymarket positions, curated into a single package with a category, a payout range, and a hidden true value.


Anatomy of a Lot

{
  "id": "lot-001",
  "category": "politics",
  "positionCount": 7,
  "payoutRange": [180, 420],
  "positions": [
    { "market": "Will X win?", "side": "YES", "entry": 0.40, "currentPrice": 0.65, "size": 200 },
    { "market": "Will Y pass?", "side": "YES", "entry": 0.30, "currentPrice": 0.55, "size": 300 },
    ...
  ],
  "trueValue": 327
}

Seven positions, always. Each position is a real Polymarket entry with:

Field
Meaning

market

The prediction market question

side

YES or NO — which side the position is on

entry

Price paid to enter the position

currentPrice

Current market price at time of lot curation

size

Dollar size of the position


trueValue

The lot's actual worth:

across all 7 positions. Calculated at curation time. Static — doesn't change during the auction even if Polymarket prices move.

Example: If a position has entry $0.40, currentPrice $0.65, and size $200:

  • Value = (0.65 - 0.40) × 200 = $50

Sum that across all 7 and you get the trueValue. Players never see this until the reveal.


Payout Range

Each lot comes with a payout range (e.g., $180–$420). This is a wide bracket — intentionally 2-3x wider than where the trueValue sits within it.

The range gives you a floor and ceiling for your mental model, but it's not tight enough to bid confidently. You need your private position, shared reveals, and other players' bid behavior to narrow it down.


Burn Cards

At least one position per lot is hidden from every player through the entire auction — only revealed at the end. This is the burn card.

Table size
Burn cards

2 players

3

3 players

2

4 players

1

Burn cards exist so the lot is never fully solvable. Even if you combined every player's private position with every shared reveal, you'd still be missing data. This is deliberate — the auction should always involve judgment, not just arithmetic.


Categories

Lots are organized by category, and categories map to globe regions:

Region
Category

North America

Politics

Europe

Macro

Asia

Tech & Culture

Middle East

Geopolitics

South America

Sports

Africa

Emerging Markets

Oceania

Entertainment

Categories affect the character of the lot — a Politics lot draws from political prediction markets, a Macro lot from economic ones. Over time, you'll develop category familiarity. A player who follows tech markets has an edge on Asia-region lots. That's by design.


Lot Curation

Phase 1 (current): Lots are house-curated. An admin pulls trending markets from the Polymarket API, selects 7 positions, bundles them into a lot, sets the category and payout range, and the system calculates the trueValue. Target: 15+ active lots rotating through rooms.

Phase 2: Players create lots. Select 7 positions, set a payout range, stake $SIM or USDC. Bidders bid against the creator's lot. Creator profits when bidders overpay, loses when they get a deal. Two-sided skill game.

Phase 3: Full marketplace. Creator competition, ratings, featured lots, auto-generated lots.

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