What are the different types of markets?

Everything can be a prediction market.

There are 3 types of markets that currently exist:

  • Binary - A market with two options that will resolve either $1 or $0. (ex: Will Tetranode have over 100k Twitter followers by 12/31/2025? YES/NO)

  • Categorical - A market with multiple options that will resolve either $1 or $0. (ex: What ice cream will have the most sales in 2025? Chocolate/Vanilla/Strawberry/Other)

  • Scalar - A market that resolves to where the final value sits between a lower and upper bound.

    • What will the population of Spain be in their upcoming census (47M-55M)? Long/Short)

    • If the population is 50M, the outcomes will resolve to: Long = $0.375 & Short = $0.625

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