TruthMarket
Confidential by protocol — powered by Zama FHEVM

Bet on the truth. Without showing your hand.

Every other prediction market broadcasts your every move — your size, your side, your whole strategy. TruthMarket keeps your position encrypted on-chain. The crowd's odds stay public; your edge stays yours.

Encrypted bet amounts
amount + side
K-anonymous public odds
real price discovery
Untrackable
no whale-watching
42
live markets
16
encrypted positions
0
markets settled
The problem with public markets

On Polymarket and Kalshi, everyone can see what you do

Full transparency sounds healthy — until it's your money. When every order is public and tied to your wallet forever, the market quietly turns against the people who are actually right.

You get tracked the moment you win

Profitable wallets are public targets. Dozens of dashboards exist purely to find and follow them — the better you do, the more eyes copy your every move.

Copytraders front-run your edge

As soon as a big order lands, copy bots pile in and the price moves before you've finished building. Sharp traders even run secondary accounts just to stay unseen.

Your beliefs become a permanent record

Every political, financial, or personal bet is etched on-chain next to your address forever — searchable by anyone, including people you'd rather not share it with.

Visible flow distorts the odds

When the crowd can see who's betting what, it herds toward big wallets instead of toward the truth — the exact signal a prediction market is supposed to find.

Historical Timeline

The Evolution of Prediction Markets

011990s — 2018
022020 — 2024
032025
04The Future (Today)
011990s — 2018
Opaque & Custodial

Centralized Bookmakers

Black-Box Casinos & Offshore Custody

Traditional sportsbooks and early prediction sites operated as opaque silos. Bettors faced exorbitant 5-10% rake fees, arbitrary account freezes for winning, and severe counterparty insolvency risk with zero on-chain transparency or proof of reserves.

Key Characteristics
5% to 10% Platform RakeFrequent Account FreezesZero Proof of Reserves
022020 — 2024
Public Surveillance

Public DeFi Era

Polymarket, Kalshi & The Surveillance Trap

Blockchain revolutionized prediction markets by enabling non-custodial trading and global liquidity pools. However, 100% public on-chain transparency introduced a fatal structural flaw: complete financial surveillance and orderbook exploitation.

Key Characteristics
MEV Bots Front-Run OrdersCopy-Trading Whales Steal AlphaWallet Profiling by Employers
032025
FHE Technology

Zama FHEVM Breakthrough

Computing Directly on Blind Data

Fully Homomorphic Encryption (FHE) on Ethereum achieves what was previously thought impossible: performing mathematical operations (addition, subtraction, order matching) directly on encrypted ciphertexts without ever decrypting them in RAM or on-chain.

Key Characteristics
End-to-End Client EncryptionBlind On-Chain Order MatchingNo Trusted Hardware Required
04The Future (Today)
The New Standard

TruthMarket Protocol

Privacy-Preserving Crowd Wisdom

The first decentralized prediction market where odds and volume remain 100% public for global price discovery, but individual positions, betting sizes, and payout claims are mathematically sealed inside Zama FHE handles.

Key Characteristics
Public Odds, Private Bets100% MEV & Copy-Trade ProtectionConfidential Payout Claiming
Scroll Down to Explore TimelineStep 1 of 4
How TruthMarket is different

Keep the wisdom of the crowd. Lose the surveillance.

Scroll down through the architecture below to see how Zama FHEVM protects your trades in real time without sacrificing price discovery.

Step 01

Encrypted positions

Your amount and side are encrypted in your browser before they ever reach the chain. No order book, event, or balance can be tied back to you.

Step 02

K-anonymous odds

Aggregate odds stay publicly readable — but only released as batched snapshots gated by a K-anonymity threshold, so no single bet can be reverse-engineered from a snapshot diff.

Step 03

Confidential payouts

Winnings settle privately. Only your wallet can decrypt what you were paid — no one can reverse-engineer your position from the result.

Live FHEVM Simulator
State 01 / 03
Your Secret Order
Buy YES · 10,000 USDCCleartext
On-Chain FHE Ciphertext Encrypted
euint64: 0x8f7a9b2c4e1d3f6a8b0c2e4d6f8a0b2c4e6d8f0a2b4c6e8d0f2a4b6c8e0d2f4a

🔒 Encrypted locally in your browser. Not even validators can read your amount.

Cryptographic Architecture

Inside the Zama FHEVM Engine

Watch how encrypted data travels through the protocol in real time.

Phase 01E2E Cryptographic Secrecy

Client-Side Encryption

When you place an order on TruthMarket, the Zama FHE SDK encrypts your bet size and direction using the network's public key. Neither RPC nodes nor validators can see what you bet or how much.

Local keypair generation
Encrypted in browser memory
Secure ciphertext transit
No RPC leakage
FHEVM_Runtime.sol
Live SDK
// 1. Encrypt in browser memory
const encryptedAmount = await fhevm.encrypt64(10000n);
const encryptedSide = await fhevm.encrypt8(1); // YES
// 2. Transmit ciphertext to contract
await truthMarket.placeOrder(encryptedAmount, encryptedSide);
Real-time Encryption EngineExplore architecture (1/3)

Side by side

The same public odds. A fundamentally different privacy model.

What others can seePolymarket · KalshiTruthMarket
Live public odds
Your bet sizePublicEncrypted
Which side you tookPublicEncrypted
Bet amount & side on-chainPublicEncrypted
Copy-trading & front-runningCommonBlinded
Front-running your positionCommonEliminated
Payout amountPublicConfidential
How it works

Four steps. Nothing leaks.

No new mental model to learn. It feels like any market — the privacy happens underneath.

01

Top up once

Convert test USDC into a confidential balance in a single step. After that, betting is one click.

02

Bet privately

Pick a side and a size. Both are encrypted in your browser before the transaction is ever broadcast.

03

Watch the signal

Odds refresh via K-anonymous snapshots — released only after ≥3 new bets — so no snapshot diff maps to a single trader.

04

Settle confidentially

When the market resolves, claim your winnings privately. Only your wallet can decrypt your balance.

Privacy by protocol, not by promise. Your amount and side are encrypted in your browser and stay encrypted inside the contract — the chain itself enforces it. There is no admin, log, or backdoor that can undo it. You can always decrypt and verify your own position with your wallet.

Deep Dive & About

Frequently Asked Questions

Everything you need to know about TruthMarket, Zama FHEVM, and the end of financial surveillance in prediction markets.

About TruthMarket — The Mission

TruthMarket was built on a foundational premise: True market wisdom requires freedom from fear. When prediction markets force participants to expose their wallet identities and financial stakes to public scrutiny, people self-censor or get exploited by predatory MEV algorithms. By integrating Zama's Fully Homomorphic Encryption directly into Ethereum smart contracts, we separate public price discovery from private individual wealth.

In traditional DeFi markets like Polymarket or Kalshi, every bet size, wallet address, and position is broadcast to the public blockchain before execution. This creates three critical vulnerabilities: (1) MEV bots front-run large trades, causing severe slippage; (2) Copy-trading whales monitor winning wallets and steal your research alpha without doing any work; and (3) Your personal wallet address becomes linked to sensitive political, financial, or personal beliefs, exposing you to profiling by employers, competitors, or governments.
Sepolia testnet — free to try

Trade on what you believe. Tell no one.

Grab some test USDC, take a position, and watch the odds move — while your wallet stays invisible.