Market Overview
Learn how events, markets, outcomes, and order books fit together
Prediction markets are organized as events containing one or more markets. Each market has tradable outcomes backed by its own order book.
Event vs. market
| Event | Market | |
|---|---|---|
| Purpose | Groups related questions | Defines one tradable question |
| Contains | One or more markets | Two or more outcome tokens |
| Example | “Election 2028” | “Will Candidate A win?” |
Most markets are binary, with Yes and No outcomes. Sports and other deployments may use labels such as team names or Up/Down, but the payout logic is the same: the winning outcome settles to $1.00 and the others settle to $0.00.
What you see on a market page
- Rules and resolution source — what must happen for each outcome to win
- Prices and chart — current implied probability and historical movement
- Order book — bids and asks available at each price
- Activity — recent trades and market updates
- Order panel — outcome, order type, size, estimated cost, and fees
Read the rules before trading
Similar titles can have different dates, thresholds, or resolution sources. The market rules—not the title alone—determine the winning outcome.
Trade a market
Find an event
Browse categories, search by topic, or open a shared event link.
Choose a market
For multi-market events, select the exact question you want to trade.
Review the market
Read the rules, check the price and available liquidity, then choose an outcome.
Submit the order
Choose Market or Limit, review the estimated total and fee, then sign.
After trading
Filled shares appear in your portfolio. You can sell before resolution or hold them until the result is final. On Oriclay, the claim action appears when a winning position becomes redeemable.