OptionRoom is a governed oracle and forecast protocol built on Polkadot. Our aim is to create a scalable protocol with multiple use cases, from oracle as a service to limitless event derivatives. The protocol features include OaaS, user-governed Oracle as a service, where oracle requests are solved by governance. It also allows users to create and participate in event derivatives pegged to real-world outcomes by governance consensus. OptionRoom has a dual token model, with ROOM serving as the utility token and COURT serving as the governance token. Users can stake their COURT for an increasingly higher authenticity score, earning more voting power. LP mining is available, where the governance token COURT can only be obtained by providing liquidity/staking the utility token ROOM. The protocol is self-sustainable and community-based, with protocol fees fueling a buyback mechanism and no percentage of the fees going to the founders. OptionRoom is built on Polkadot, and it rewards protocol and governance participants. Excessive fees generated from the protocol are diverted to a reward buffer pool for protocol rewards, reducing inflation. The architecture of OptionRoom supports multiple use cases, including OaaS, limitless prediction markets, decentralized polls, dispute resolution, decentralized surveys, and curated lists.