Resources

Everything a counterparty, partner, or curious trader needs to understand what settles and why.

Platform documents

• WAR Index Methodology — the full settlement specification, versioning policy, and backtest evidence.
• Binary Ladder explainer — mechanics, worked Witt Jr. example, horizon variants.
• Swap & Collar explainer — fixed-for-floating and zero-cost collar structures with payoff tables.
• Legal & disclaimers — what this prototype is and is not.

Understanding WAR

• Baseball-Reference: WAR Explained — the primary source underlying WAR Index v1.0.0.
• MLB.com glossary: Wins Above Replacement — a plain-language introduction.

Regulatory background

• CFTC: Designated Contract Markets — the venue category where the binary ladders would list.
• ISDA — the documentation framework for the OTC swap products.

Frequently asked

Is this fantasy sports or gambling?

No. These are derivative instruments settled on an objective, versioned index, structured for regulated venues: exchange-listed binaries on a CFTC-registered DCM and ISDA-documented swaps between eligible institutional participants. The institutional products exist for genuine hedging — clubs and agents carry enormous, currently unhedgeable player-performance risk.

Why should I trust the index?

You don't have to trust it — you can recompute it. Settlement values publish with the input data hash, the index version, and the computation code reference. The methodology is public and version-controlled; changes never apply to open contracts.

What happens if a player gets hurt?

The index accrues as realized — a lost season is a low value, not a void. Binaries settle mechanically. On the institutional side, that outcome is precisely what a collar's floor insures.