Backing mirrors a real position on a real asset. It isn't a wager on an invented market, and a loss is an ordinary market loss — not a payout to anyone else. (In the current beta, all balances are simulated paper — no real money moves at all.)
Confidence never determines a payout — only the calibration score. There's no financial incentive to misstate it, and the Brier score makes stating your honest belief the mathematically optimal strategy.
The structured format — fixed fields chosen from pickers, never free text — exists specifically to prevent this. A call is asset, target, deadline, confidence, and nothing looser. Direction is inferred from your target, so it can't contradict itself.
No, by design. You review a plain-language summary before publishing; after that, a call is immutable and resolves once, terminally.
Into a real position priced by a named, disclosed feed (CoinGecko in the beta) — not a pool, and not another user's pocket. See Backing a call.