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Event markets turn real-world questions into tradable probabilities. Will this candidate win? Will BTC close the year above $150,000? Who takes the championship? If the timeline is arguing about it, there’s probably a market on it.

How event markets work

Every event market is a question with defined outcomes. Each outcome trades as a share priced between $0 and $1:
  • The price is the probability. YES at 35¢ means the market thinks there’s roughly a 35% chance it happens.
  • If your outcome resolves correct, each share pays out $1**. If it doesn't, it pays **$0.
  • You don’t have to wait for resolution — sell your shares anytime to lock in a gain or cut a loss.
Example. “Will the Fed cut rates in March?” YES trades at 42¢. You buy 1,000 YES shares for $420. If the Fed cuts, your shares pay out $1,000 — a $580 gain. If the market moves to 60¢ before the meeting, you can sell early for $600 and take the $180 without waiting.

What you can trade

  • Politics — elections, policy decisions, appointments
  • Sports — championships, match outcomes, season milestones
  • Crypto — price milestones, protocol events, ETF decisions
  • Macro — rate decisions, CPI prints, economic events
  • Culture — awards, launches, and the internet’s argument of the week
New markets are curated and listed every week, each with written resolution rules before it goes live.

Resolution

Every event market has a resolution rules panel on its market page: the exact question, the resolution source, and the deadline. When the source confirms the outcome, winning shares redeem at $1 and the market settles to your balance.
Read the resolution rules before you trade. The edge case you’re imagining is usually answered there — “what counts,” “which source decides,” and “what happens if the event is cancelled.”

Event markets vs. perps

On event markets you can never lose more than you paid for the shares. That makes them the natural starting point for new traders — your risk is defined the moment you buy.