Frequently Asked Questions

What is Social Parlay?

Social Parlay is a decentralized prediction market platform for professional golf tournaments. Built on Solana blockchain, we enable users to trade on tournament outcomes with transparent, real-time odds and automated settlements.

How is this different from traditional prediction platforms?

Unlike traditional prediction platforms, Social Parlay operates as a decentralized prediction market where:

• Odds are determined by market supply and demand, not bookmakers
• You can trade (buy and sell) positions anytime before settlement
• All transactions are transparent and verifiable on blockchain
• Smart contracts handle settlements automatically
• You maintain custody of your funds in your wallet

Is this legal?

Social Parlay operates as a decentralized prediction market platform. Legality varies by jurisdiction. Users are responsible for ensuring compliance with local laws. We recommend consulting with legal counsel regarding the legality of prediction markets in your area.

Do I need to create an account?

No traditional account is required. You simply connect your Solana wallet to start trading. Your wallet address serves as your identity on the platform, and all your data is stored on the blockchain or in your wallet.

What do I need to start testing?

You'll need two things in your Solana wallet (Phantom, Solflare, etc.):

• A small amount of SOL — used to pay Solana network fees (gas) when you sign transactions
• USDC — the currency you use to buy positions in prediction markets

Social Parlay runs on two networks: Devnet (Solana's free test network — play money, no real funds) and Mainnet (the real Solana blockchain — real money). Pick the path below that matches where you're testing.

How do I switch my wallet to devnet?

Devnet is Solana's test network. The SOL and USDC there have no real-world value, so you can test freely without risking any actual money. You need to tell your wallet to point at devnet instead of mainnet:

Phantom:

1. Open Phantom and tap the settings gear (bottom right).
2. Scroll down and tap Developer Settings.
3. Enable Testnet Mode.
4. Back in settings, tap Change Network and select Solana Devnet.

Solflare:

1. Open Solflare and tap the settings gear.
2. Tap Network and select Devnet.

Your wallet balance will look different on devnet — that's expected. Mainnet and devnet are completely separate; your mainnet funds are safe and untouched.

How do I get devnet SOL?

Devnet SOL is free. You request it from a faucet that airdrops test SOL straight to your wallet:

1. Copy your wallet address from Phantom (make sure you're still on devnet).
2. Open the official Solana faucet at faucet.solana.com.
3. Paste your wallet address, select devnet, and request 1 SOL (more than enough for thousands of transactions).
4. Click Confirm Airdrop. It should arrive in your wallet within seconds.

If the Solana faucet is rate-limited, try the alternative at solfaucet.com. Both give you the same test SOL.

How do I get devnet USDC?

Devnet USDC is issued by Circle (the same company that issues real USDC) and is also free:

1. Open Circle's official faucet at faucet.circle.com.
2. Select Solana Devnet as the network.
3. Paste your wallet address and request USDC. Each request delivers 10 USDC; you can request again after a short cooldown.
4. Approve any prompts and wait a few seconds — the test USDC will appear in your wallet.

That's it. Once you have devnet SOL and devnet USDC, connect your wallet to Social Parlay and start placing test predictions. Remember: nothing you win or lose on devnet is real money.

How much should I start with on mainnet?

If you're testing with real funds, we recommend starting small — about $10 total: roughly $2 in SOL for network fees and $8 in USDC for making predictions. SOL fees are tiny (fractions of a cent per transaction), so $2 goes a very long way.

Before following these steps, make sure your wallet is set back to Mainnet (reverse the devnet switch above). Sending real Coinbase funds to a wallet on devnet will make them look missing.

How do I buy SOL and USDC on Coinbase?

Coinbase is the easiest on-ramp for U.S. users. Here's the full flow:

1. Create a Coinbase account and complete identity verification (ID + selfie).
2. Add a payment method — a debit card is instant; a bank transfer (ACH) is cheaper but takes a few days.
3. Tap Buy, search for Solana (SOL), and buy about $2 worth.
4. Tap Buy again, search for USD Coin (USDC), and buy about $8 worth. Make sure you're buying USDC, not USDT.

At this point, your SOL and USDC live inside your Coinbase account. You still need to send them to your Solana wallet before you can use them on Social Parlay.

How do I send SOL and USDC from Coinbase to my wallet?

First, grab your wallet address:

1. Open Phantom (or your Solana wallet) and tap your account name to copy your wallet address. It's a long string of letters and numbers.

Then send SOL from Coinbase:

1. In Coinbase, go to Assets → Solana (SOL) → Send.
2. Paste your Phantom wallet address.
3. Critical: make sure the network is set to Solana (not Ethereum or any other chain).
4. Enter the amount and confirm. It should arrive in a few seconds.

Then repeat for USDC:

1. Go to Assets → USD Coin (USDC) → Send.
2. Paste the same Phantom address.
3. Critical: set the network to Solana. USDC exists on many chains — sending on the wrong one will lose the funds.
4. Enter the amount and confirm.

Once both arrive in Phantom, connect your wallet on Social Parlay and you're ready to make predictions.

Why do I need SOL if I'm predicting with USDC?

Every action on Solana — connecting your wallet, buying a position, selling a position, claiming winnings — is an on-chain transaction, and every transaction requires a tiny SOL fee paid to the network. USDC is the money you wager; SOL is the gas that makes transactions move. Without any SOL, your transactions will fail even if your USDC balance is healthy.

I don't see my USDC in my wallet — what happened?

Two common causes:

• Wrong network. If you sent USDC on Ethereum, Base, or Polygon instead of Solana, it won't appear in your Solana wallet. Double-check the network before every withdrawal from Coinbase.
• Token not visible. Some wallets hide tokens with $0 balance by default. Open Phantom's token list and toggle "Show hidden tokens" or manually add USDC.

If the network was correct, the transaction will show on a Solana block explorer like Solscan within seconds.

What wallets are supported?

We support all major Solana wallets including:

• Phantom - Most popular and user-friendly
• Solflare - Feature-rich with advanced options
• Backpack - Modern interface and functionality
• Glow - Lightweight and fast

Is my money safe?

Your funds are always in your control:

• Funds remain in your wallet or in smart contracts you control
• Social Parlay never has custody of your funds
• All transactions require your wallet approval
• Smart contracts are audited and open source

Can I lose my funds?

Like any trading platform, you can lose the amount you invest if your predictions are wrong. Additionally, if you lose access to your wallet (lose your private keys/recovery phrase), you will lose access to your funds. Always keep your recovery phrase secure and never share your private keys.

How do odds work?

Odds on Social Parlay are market-driven and represent the collective probability assessment of all traders. As more people buy a position, its price increases (odds shorten). As people sell, the price decreases (odds lengthen). Prices update in real-time based on trading activity.

When can I trade?

Markets open when tournaments are announced and close when the tournament begins. You can buy and sell positions anytime while the market is open. Once a tournament starts, markets typically close for that event (though live trading may be available for certain markets).

Can I exit my position early?

Yes! One of the key benefits of prediction markets is liquidity. You can sell your positions at any time while the market is open to lock in profits or cut losses, just like trading stocks.

What happens if a tournament is cancelled?

If a tournament is cancelled or postponed before starting, all positions are refunded at the price paid. If a tournament is cancelled mid-event, resolution depends on official tour rules and may result in partial settlement or full refunds.

How are markets settled?

Markets settle automatically based on official tournament results from our data provider (DataGolf). Winning positions receive payouts directly to your wallet. Settlement typically occurs within 1-2 hours after tournament conclusion.

What fees does Social Parlay charge?

Social Parlay charges a 2% platform fee on winning positions only. If your position loses, you pay no platform fee. This fee is automatically deducted when settlements occur.

What are Solana network fees?

Every transaction on Solana requires a small network fee (gas) paid to validators:

• Typical fee: 0.000005 SOL (about $0.00025)
• These fees go to the Solana network, not to Social Parlay
• Fees are paid in SOL from your wallet balance

Are there deposit or withdrawal fees?

No. Social Parlay does not charge fees for deposits or withdrawals. You only pay the standard Solana network fee for the transaction.

Why Solana?

Solana offers the perfect combination for prediction markets:

• Sub-second transaction finality (instant trades)
• Extremely low fees (fractions of a cent)
• High throughput (thousands of trades per second)
• Growing ecosystem with excellent wallet support

Where does tournament data come from?

We use DataGolf's API for official tournament data, player statistics, and live scoring. DataGolf is a leading provider of professional golf data and analytics trusted throughout the industry.

Are the smart contracts audited?

Yes. All smart contracts are open source and have been audited by reputable third-party security firms. You can view the contracts and audit reports on our GitHub repository.

What if I have a technical issue?

First, try refreshing the page and reconnecting your wallet. If issues persist, check that you have sufficient SOL for network fees and that your wallet is properly connected. For further assistance, contact our support team through the Help page.