PREDICTIONS & MARKETS 7

• What is a contract?
• When does a market close?
• You’re running a market on an election but you don’t have my candidate listed as a possible prediction. 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 chance a candidate will win and projected results from pollsters?
• What does the arrow after the latest price mean?

BUYING & SELLING 11

• Why are the Yes and No prices 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?
• 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 a $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?

See all 11 articles

OFFERS 4

• 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?
• I want to make Buy Offers in various markets at the same time and just take whichever one is matched first. Can I do that?

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?
• Debiting according to risk sounds complicated. Why not keep it simple and just treat each contract individually?
• How do calculations of risk affect the buying and selling process?
• 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?
• How do you “close” individual linked contracts when a market closes?

ABOUT PREDICTIT 8

• Why do you have to use real money to play PredictIt? Why can’t we just play for fun?
• What does it mean to have my identity “verified”?
• Why do you ask for my date of birth?
• 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?