Questions and eligibility

A market is one frozen question about one token, with named outcomes, an entry deadline, an observation rule, and one stake pool per outcome. Pools Markets shows one current question per token, chosen from the token’s state and the evidence available to settle it.

Which question a token gets

Token state	Launchpads	Question	Outcomes
On a bonding curve, not yet graduated	Pons, four.meme, pump.fun, flap.sh	Will it graduate within the next 30 minutes?	Yes / No
Instant launch	pools.xyz, Pons	Will it be up 15% or more 15 minutes after entries close?	Up 15% or more / Below a 15% gain
Graduated from the curve to a venue whose trades can be replayed from chain logs	four.meme (PancakeSwap V2), pump.fun (PumpSwap)	Will the price rise X% from where entries close, within the next T minutes? X and T are set per market.	Yes / No
Graduated on Pons	Pons	Will it be up 15% or more 15 minutes after entries close?	Up 15% or more / Below a 15% gain
Auction launch	pools.xyz	Will it launch successfully within the next hour?	Yes / No

Every currently offered question has two outcomes. The protocol supports up to 32.

Why a token has no question

The panel shows Coming soon when the token is recognised but no question can be offered. Common reasons:

the token has graduated to a venue whose price cannot be settled from finalized chain evidence. flap.sh tokens that graduate to Uniswap V2 on Robinhood Chain are in this state today;
the token’s fee economics are outside the verified bounds. Some flap.sh token classes trade with zero protocol fee, which removes the irreversible cost that the manipulation model relies on, so no market is opened;
liquidity, trader count or data confidence is below the threshold the risk engine requires;
the launchpad’s adapter is enabled but the token has not been snapshotted yet.

None of these is a bug in your setup. They are the engine declining to ask a question it could not settle honestly.

A market opens on the first entry

A question is only a proposal until someone enters. The first entry carries the planner’s signed terms and creates the market on chain; the entrant’s wallet pays that transaction. So the protocol only ever opens markets its planner authorised, and no Pools Markets server has to hold funds or gas to open one.

What is frozen

From the moment a market opens, the following cannot change: the question, the outcomes, the entry deadline, the observation start and end, the resolution deadline, the measurement source and comparison, the void conditions, the fee rate, and the entry limits. Display copy can be shortened; it cannot change what the market asks or how it resolves.

Terms

Asset: the token being asked about, identified by chain and address, or by mint on Solana.
Market: one resolvable question about that asset.
Outcome: one of the named results.
Position: one accepted stake on one outcome.
Outcome pool: all accepted stakes on the same outcome.