Glossary

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Glossary of Terms

Key terms and definitions to help you understand Predicta Markets.

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A

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Asset

A specific outcome option in a market (e.g., “YES” or “NO”). In multi-outcome markets, each condition is an asset.

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Available Balance

Funds in your account that are ready for trading immediately. Does not include funds reserved in suspense.

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B

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Binary Market

A market with only two possible outcomes: YES or NO. The simplest type of prediction market.

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Buy Order

An order to purchase shares in a prediction. You buy shares when you think an outcome will happen.

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C

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Cancelled

Order status indicating the order was cancelled. Funds are returned to your balance.

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Closed

Market status indicating trading has stopped. No new orders are accepted, but existing orders may still fill.

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Completed

Market status indicating the outcome has been determined. Awaiting payout processing.

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F

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Fill

When an order is matched and executed. An order can be partially filled or fully filled.

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Filled

Order status indicating the order was completely executed. All shares were matched.

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H

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Holdings

Shares you currently own in a market. Your portfolio shows all your holdings across markets.

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L

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Limit Order

An order with a specific price limit. Only fills if someone matches your price. May not fill immediately.

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Locked

Market status indicating the market is closed and locked for resolution. No trading allowed.

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M

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Market Order

An order that fills immediately at the current market price. Guaranteed to execute (if liquidity exists).

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Market Price

The current price at which shares are trading. YES price + NO price always equals 100.

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Multi-Outcome Binary Market

A market with multiple conditions, each with its own YES/NO options. More complex than binary markets.

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O

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Open

Order status indicating the order is placed and waiting to be matched. Can be cancelled.

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Order Book

The list of all pending buy and sell orders. Shows what prices people are willing to trade at.

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P

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Partial

Order status indicating the order was partially filled. Some shares matched, remaining shares still waiting.

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Pending Approval

Market status indicating the market is waiting for admin approval. Not yet open for trading.

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Portfolio

Your collection of all market positions. Shows all markets where you have holdings.

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S

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Sell Order

An order to sell shares you already own. You sell shares to lock in profit or exit a position.

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Series Market

A market that automatically regenerates on a schedule. Creates new instances regularly (hourly, daily, etc.).

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Settled

Market status indicating all payouts have been processed. Market is fully resolved.

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Share

One unit of a prediction. Costs price/100 to buy, pays $1.00 if correct. For example, if price is 75, one share costs$0.75.

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Suspense Balance

Funds temporarily reserved for pending orders. These funds cannot be used for new trades or withdrawals until orders fill or are cancelled.

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T

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Trade

A completed transaction between a buyer and seller. When an order matches, a trade is executed.

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V

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Volume

Total trading activity in a market. Higher volume usually means more liquidity and more accurate prices.

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Y

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YES/NO

The two sides of a binary market prediction. YES means the event will happen, NO means it won’t happen. YES price + NO price always equals 100.

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Price Terms

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Current Price

What one share is worth right now. Updates in real-time as people trade.

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Entry Price

The price you paid when you bought shares. Your average entry price is calculated across all purchases.

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Market Price

The current trading price. What you’ll pay/receive if you use a market order.

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Order Terms

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Order Matching

The process of finding compatible orders to execute trades. The matching engine pairs buyers and sellers.

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Order Status

The current state of an order: OPEN, PARTIAL, FILLED, or CANCELLED.

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Order Type

Whether an order is a BUY (purchasing shares) or SELL (selling shares).

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Market Terms

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Market State

The current status of a market: PENDING_APPROVAL, OPEN, CLOSED, LOCKED, COMPLETED, SETTLED, or CANCELLED.

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Market Type

The type of market: Binary, Multi-Outcome Binary, or Series.

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Resolution

The process of determining the outcome of a market and distributing payouts.

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Trading Terms

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Position

Your holdings in a specific market. Can include YES shares, NO shares, or both.

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Profit/Loss

The gain or loss on a position. Calculated as current value minus what you paid.

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Payout

The amount you receive when a market resolves and you hold winning shares. Winning shares pay $1.00 each.

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