create_bet

Create a bet with escrow

SERVERMIDAS Protocol SOURCEhttps://mcp.midasprotocol.org/mcp

Critical RISK CLASS

Category Financial

Parameters 54 required

Recommended Approval-gatedsee the rule below

Registry record Grade F, identity unverified Pull the record →

This record as markdown: /tools/io-github-bbrainfrance-midas-protocol/create-bet.md

WHAT IT DOES

What create_bet does on MIDAS Protocol

AI agents use create_bet to commit financial operations through MIDAS Protocol, usually the final step of a payment, billing, or trading workflow. A call moves real money.

Parameter	Type	Required
`amount`	number	Yes
`currency`	string	Yes
`condition`	string	Yes
`oracleType`	string	—
`description`	string	Yes

Parameters from the server's own tool schema.

RISK

Why create_bet is rated Critical

This tool initiates a financial bet and places funds into escrow, which is a direct financial commitment. It involves moving or locking money, making it a Financial category tool. Misuse by an AI agent could result in unauthorized financial commitments and fund locking, hence critical severity.

From the tool's definition 'Create a bet with escrow' — creates a financial wager and locks funds in escrow, committing financial obligations

Attacks that exploit this kind of access

RECOMMENDED RULE

The rule that runs create_bet safely

PolicyLayer is an MCP gateway: it sits between your AI agents and MIDAS Protocol, and checks every tool call against a rule you set before the call runs. Nothing changes on the server itself. For create_bet, this is the rule to start with:

create_bet Approval-gated

Any call to create_bet is blocked until a human approves it. The rest of the server keeps working.

View as policy code

policy.json

{
  "version": "1",
  "default": "deny",
  "tools": {
    "create_bet": {
      "deny_if": [
        {
          "conditions": [],
          "on_deny": "Requires human approval."
        }
      ]
    }
  }
}

GATE THIS TOOL → Instant setup, no code required.

The button opens the PolicyLayer dashboard: create your workspace, connect MIDAS Protocol, apply this rule, and every create_bet call is checked against it from then on.

FAQ

Questions about create_bet

What does the create_bet tool do? +

Create a bet with escrow. It is categorised as a Financial tool in the MIDAS Protocol MCP Server, which means it involves financial transactions. Block by default and require explicit approval.

What parameters does create_bet accept? +

create_bet accepts 5 parameters: amount, currency, condition, oracleType, description. Required: amount, currency, condition, description. The full parameter table on this page comes from the server's own tool schema.

How do I enforce a policy on create_bet? +

Register the MIDAS Protocol MCP server in PolicyLayer and add a rule for create_bet: allow, deny, rate-limit, or require approval. Point your MCP client at the PolicyLayer proxy URL and the rule is enforced on every call, before it reaches MIDAS Protocol. Nothing to install.

What risk level is create_bet? +

create_bet is a Financial tool with critical risk. Critical-risk tools should be blocked by default and only enabled with explicit human approval.

Can I rate-limit create_bet? +

Yes. Add a rate_limit block to the create_bet rule in your PolicyLayer policy. For example, setting max: 10 and window: 60 limits the tool to 10 calls per minute. Rate limits are tracked per agent session and reset automatically.

How do I block create_bet completely? +

Set action: deny in the PolicyLayer policy for create_bet. The AI agent will receive a policy violation error and cannot call the tool. You can also include a reason field to explain why the tool is blocked.

What MCP server provides create_bet? +

create_bet is provided by the MIDAS Protocol MCP server (https://mcp.midasprotocol.org/mcp). PolicyLayer sits as a proxy in front of this server to enforce policies before tool calls reach the server.

KEEP EXPLORING

More on MIDAS Protocol, and thousands of servers like it.

This server

All 44 MIDAS Protocol tools → Critical-risk tools on this server →

Across the catalogue

xlayer_place_bet on ScoutAgent →fundos_create_capital_call on Fundos →create_payment on Shopmonkey MCP Server →create_agent on Conviction → All critical-risk MCP tools → The MCP Attack Database →

Guides

Govern MCP payment tools →Human-in-the-loop →Tool call approval →