Position

The number of outcome tokens a trader holds in a particular market.

A position represents a bet on a specific outcome (e.g., "Yes" on "Will X happen?").

See it in action

Will Joe Biden get Coronavirus before the election?

Yes 0¢Vol: $32.3k

Will Airbnb begin publicly trading before Jan 1, 2021?

Yes 0¢Vol: $89.7k

Will a new Supreme Court Justice be confirmed before Nov 3rd, 2020?

Yes 0¢Vol: $43.3k

Related terms

Outcome Token

A token representing a specific outcome in a prediction market. If the outcome occurs, the token pays out $1. If not, it becomes worthless. Token prices between $0 and $1 represent the market's estimated probability.

P&L (Profit and Loss)

The net profit or loss from trading activity. Calculated as the difference between the current value of positions plus realized gains minus the total capital invested.

CLOB (Central Limit Order Book)

An order book that matches buyers and sellers based on price and time priority. Polymarket uses a CLOB powered by the CTF Exchange smart contract for all its markets.

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