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How It Works
BUYING & SELLING SHARES
MAKING AN OFFER
VIEWING YOUR SHARES & OFFERS
MONEY MANAGEMENT AND IDENTITY VERIFICATION
YOUR PROFIT AND OUR FEE
PREDICTIONS & MARKETS
What is a market?
What is a contract?
When does a market close?
What are the ‘Rules’ listed in each market?
Can there be more than one ‘Yes’ winner in a market?
You’re running a market on an election but haven’t listed every candidate. Why not?
I have some good ideas for new markets. Do you take suggestions?
Why don’t the prices in a multi-option market always add up to $1?
What’s the difference, in an election, between the probability a candidate will win and projected results from an opinion poll?
What does the arrow after the latest price mean?
What determines my trader level?
What’s does the dollar sign in the bottom right-hand corner of market image mean?
Do you moderate the Comments section at the bottom of each market?
What standards are used for the times set out in PredictIt markets?
BUYING & SELLING
Why are the best ‘Yes’ and ‘No’ prices available often not the same as the latest price?
When is it a good idea to buy or to sell?
What do I get paid if I hold onto my shares until the end date?
What do I receive if I hold onto my shares of a correct prediction until the market resolves?
Do I need to wait until the closing date to make a profit on a contract?
What if I want to buy or sell shares but I don’t like the price I’m offered? Can I suggest a different price?
After I preview a purchase or a sale, I’m told the price is only an estimate. Why is that?
Why is there an $850 limit to how much I can buy on any one contract?
How do you apply the $850 limit per contract? What happens when the share price changes?
I try to buy shares but see a message that the contract has reached its maximum number of traders. Why?
Can I own ‘Yes’ and ‘No’ shares in the same prediction at the same time?
What is the process for closing a contract and paying shareholders?
How do I cancel an offer?
I wasn’t allowed to buy as many shares in a contract as I wanted. Why not?
I had open Buy Offers that seem to have disappeared. What happened?
How do I see the sequence of my Open Offers at a specific price?
Is it possible to make Buy Offers in various markets at the same time and just take whichever one is matched first?
What does it mean that PredictIt debits according to risk in multiple-contract markets?
How do you calculate risk in multiple-contract markets?
Why do I sometimes have to pay money to sell shares in a multi-contract market? Doesn’t selling something always involve getting money back?
Do the risk calculations account for PredictIt fee on profit?
How does debiting according to risk affect the $850 limit on investment?
What’s the process for closing a contract in a multiple-contract market?
Why do you have to use real money to play PredictIt? Why can’t we just play for fun?
Why do you ask me for personal information in order to open an account?
Can I opt out of having my trades shown in the ‘Currently Predicting’ section?
What are your fees?
How do you calculate a trader’s net profit for tax reporting purposes?
Does PredictIt make market data available via an API?
How does PredictIt process offers at times of high trading volume?
What are your trading hours?