Beginner basics

Order books, market mechanics, and how it all actually works.

No prior trading knowledge needed. These guides cover the mechanics of prediction markets from the ground up — how prices work, how to read the book, and how resolution actually happens.

All beginner guides

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Frequently asked questions

What is a prediction market?

A prediction market is a place where people trade shares tied to the outcome of a real-world event. Share prices move between 0 and 100 cents and roughly reflect the market's current view of how likely that outcome is.

How does pricing work on Polymarket?

Each outcome trades as a share priced between 0 and 100 cents, representing the market's implied probability. If your side resolves correctly, each share pays out $1; if it resolves incorrectly, shares pay out $0.

Is Polymarket legal to use?

Availability depends on your local laws and Polymarket's own terms of service, and it has changed over time in some jurisdictions. Always check Polymarket's current terms and your local regulations before trading.

Do I need trading experience to start?

No. Prediction markets are built around a simple idea — buy the side you think is underpriced — and the mechanics can be picked up from a handful of guides. Start small while you get comfortable with order books and resolution.

New breakdowns, roughly weekly.

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