# Market

A Market is a specific tradable option within an Event. Each market tracks a particular outcome and has its own price, volume, and trading activity.

***Example:** Inside the Fed event, there are **4 distinct Markets** you can trade: "50+ bps decrease," "25 bps decrease," "No change," and "25+ bps increase".* 

*Each of these is a separate contract where you can buy or sell shares.*

<figure><img src="https://640655427-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIZ0DIaAx9IWoM4I1YGdV%2Fuploads%2F73ktHAKbjQPi5D9S0R2k%2Fmarket-definition.png?alt=media&#x26;token=afed1429-0c6d-461f-a5cc-2dde032d9996" alt="" width="347"><figcaption></figcaption></figure>

Markets typically follow one of these common patterns:

* **Binary:** The most straightforward type, offering a simple **Yes** **or No** choice on a specific outcome.
* **Threshold:** A directional trade where you predict if a value will be **Above or Below** a specific target (e.g., "Will the project's FDV be above $1B?").
* **Multi-outcome:** A market featuring multiple separate results, allowing you to choose from several different possibilities.
* **Range:** A quantitative structure where outcomes are grouped into specific numeric "buckets" or intervals (e.g., "Price between $10–$20").

***

### FAQs

<details>

<summary>How is a Market different from an Event?</summary>

An Event defines the overall question, while a Market defines the exact outcome you can trade on within that Event.

</details>

<details>

<summary>Can an Event have multiple Markets?</summary>

Yes. One Event can contain multiple Markets, each representing a different possible outcome.

</details>

<details>

<summary>What types of Markets are supported?</summary>

Markets can be Binary (Yes/No), Threshold, Multi-outcome, or Range-based depending on the structure of the Event.

</details>

<details>

<summary>Why does each Market have its own price and liquidity?</summary>

Because each Market is traded independently, with its own supply, demand, and probability based on trader activity.

</details>


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