Markets
PyxMarket hosts prediction markets on real-world events.
Market Structure
Each event contains one or more markets (outcomes to trade). For example:
Event: "2024 US Presidential Election"
Market 1: "Will Trump win?" (YES/NO)
Market 2: "Will Biden win?" (YES/NO)
Prices
Prices range from $0.000 to $1.000 with 3 decimal places of precision. A price reflects the market's implied probability.
$0.100
10%
Market thinks event is unlikely
$0.500
50%
Coin flip — market is uncertain
$0.700
70%
Market thinks event is likely
$0.950
95%
Market is very confident
YES + NO prices sum to approximately $1.000
If YES is trading at $0.700, NO is trading at ~$0.300
Buy YES at $0.700, if the event happens you receive $1.000 (profit: $0.300)
Auto Redemption
If you hold both YES and NO shares in the same market, they are automatically redeemed for $1.000 per pair. This happens instantly — no transaction needed. For example, if you hold 10 YES and 3 NO, 3 pairs are redeemed for $3.000 USDC and you keep 7 YES shares.
Resolution
Markets resolve when the real-world event outcome is determined. Winning shares pay $1.000, losing shares pay $0.000. Payouts are distributed automatically to your wallet — no claiming transaction needed.
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