How It Works 8

• TRADING BASICS
• BROWSING MARKETS
• BUYING & SELLING SHARES
• MAKING AN OFFER
• MULTIPLE-CONTRACT MARKETS
• VIEWING YOUR SHARES & OFFERS
• MONEY MANAGEMENT AND IDENTITY VERIFICATION
• YOUR PROFIT AND OUR FEE

PREDICTIONS & MARKETS 16

• 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?
• I don't want my information shown on the leaderboards. Can I opt out?
• What 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?

See all 16 articles

BUYING & SELLING 12

• 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?

OFFERS 5

• 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?

MULTIPLE-CONTRACT MARKETS 8

• 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?
• How are the values in the Potential Payouts table calculated?
• What do you do in the case of a tie in an outcome?

ABOUT PREDICTIT 8

• 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?