Market
A Market is the smallest tradable unit. Each Market represents a question with an objectively determinable outcome and typically contains two outcomes: Yes and No. Each Market usually includes:Example
For example:“Will Bitcoin reach $100,000 before December 2026?”This creates two outcome tokens:
- Yes Token: if the condition is met, it can be redeemed for 1 USDT after settlement.
- No Token: if the condition is not met, it can be redeemed for 1 USDT after settlement.
Event
An Event is a container used to organize one or more related Markets. It can contain a single Market or multiple related outcome markets.Single-Market Event
When an Event contains only one Market, the Event and Market are effectively the same concept from a product perspective:Multi-Market Event
When an Event contains multiple Markets, several related questions can be grouped under one Event. In some multi-outcome Events, the Market outcomes are mutually exclusive. These Markets can form a Negative Risk Group: only one Market ultimately settles to Yes, while the others settle to No.Identifying Markets and Events
Both Markets and Events have unique slugs that can be used to query a specific resource.Sports Market Considerations
For sports markets, unfilled limit orders may be automatically cancelled once the event officially starts in order to clear the order book. Because actual start times may be earlier or later than scheduled, integrations should actively monitor order status around the event start rather than relying only on the scheduled start time.Next Steps
Prices & Order Book
Learn how prices are formed and how the order book works.
Discover Markets
Start querying Events and Markets through the API.