Resolution

The process of settling a prediction market after the outcome is determined.

When a market resolves, winning outcome tokens pay out $1 each and losing tokens become worthless.

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

Implied Probability

The probability of an outcome as implied by the market price. A contract trading at $0.65 implies a 65% probability of that outcome occurring. Comparing implied probabilities across markets can reveal trading opportunities.

Conditional Token

A token on the Gnosis Conditional Token Framework (CTF) that represents a specific outcome in a prediction market. Polymarket uses CTF tokens as the underlying asset for all its markets.

Spread

The difference between the best buy (bid) and sell (ask) prices in an order book. Tighter spreads mean lower trading costs. Highly liquid Polymarket markets typically have spreads under 2 cents.

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