What are Prediction Markets?
Prediction markets are platforms where people can buy/sell shares on the likelihood of an event happening, like who will be the president. Because participants are incentivized to be right, they are valuable tools for forecasting and delivering actionable insights.
How It Works
1
Choose a Market
Bet on current events, politics, sports, and much more as the action unfolds. Market prices reflect the live odds of an event taking place. In this example, there’s a 69% chance that Elon will tweet today.
2
Add Funds
To trade, you’ll need to fund your account. If you already own crypto, you can deposit funds directly from a wallet or exchange. If you don’t, you can purchase USDC—a regulated currency backed 1:1 by the US Dollar—with your credit card.
3
Place a Bet
When you’re ready to trade, simply choose an outcome and specify the amount you want to bet. Market orders execute instantly at the current odds, while limit orders let you set your desired odds for others to trade with.
4
Earn if You’re Right
When the market ends, each share will either be worth $1 if you were right, or $0 if you were wrong. If you don’t want to wait until the end, you can sell your shares at any time at the current odds.
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