# FAQs

**Q: How does Magic Predictions work?**\
Magic Predictions allows users to predict whether the **BNB/USDT** price will be **higher or lower** at the end of a short time period. Users place bets using **USDT**, and winners share the **prize pool** based on their predictions. The prize pool is determined based on the total bets placed on each side, minus a fee.

**Q: How is the starting and ending price determined?**\
Prices are recorded using the **Chainlink Price Oracle** at the start and end of each round to ensure accuracy and fairness.

**Q: Can I change or cancel my bet after placing it?**\
No. Once a bet is placed, it is **locked** and cannot be changed or canceled.

**Q: What happens if the price stays the same at the end of the round?**\
If the **final price is equal to the starting price**, all bets for that round are **refunded minus a fee**.

**Q: How are rewards calculated?**\
The **total prize pool** is determined based on the number of users betting on each side.

* Winners share the **combined reward pool proportionally** based on their bet size, minus a fee.
* The larger the bet, the **larger the share** of the prize pool.

**Q: How do I receive my winnings?**\
If your prediction is correct, your winnings are **automatically credited** to your account in **USDT** after the round ends.

**Q: What happens if a round fails due to system issues?**\
If a round fails due to **system issues or price data unavailability**, all bets are **refunded minus a fee**.

**Q: How is price data ensured to be accurate?**\
All price data is sourced from the **Chainlink Price Oracle**, ensuring fair and reliable price tracking.