> ## Documentation Index
> Fetch the complete documentation index at: https://docs.predictamarkets.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Market Types

> Learn about Binary, Multi-Outcome, and Series markets

## Market Types Overview

Predicta supports three types of markets, each designed for different prediction scenarios. Understanding these types helps you choose the right markets to trade — and create.

## Binary Markets

Binary markets are the simplest form of prediction markets, focusing on yes/no outcomes.

### Characteristics

* **Two possible outcomes**: YES or NO
* **Simple price structure**: YES price + NO price = 100
* **Clear resolution criteria**: Easy to understand and resolve
* **High liquidity potential**: Simple structure attracts more traders

### Example

**Market**: "Will Bitcoin reach \$100,000 by December 2025?"

* Buy **YES** shares if you think it will
* Buy **NO** shares if you think it won't
* Prices always add up to 100

### Use Cases

* Event-driven questions — policy decisions, product launches, election results
* Short-duration markets that benefit from tight spreads
* Great for beginners due to their simplicity

<Tip>
  Binary markets are perfect for beginners — they're easy to understand and trade.
</Tip>

## Multi-Outcome Markets

Multi-outcome markets allow for multiple possible outcomes, each with its own independent YES/NO trading.

### Characteristics

* **Multiple conditions**: Several outcomes to choose from
* **Each outcome has YES/NO options**: Trade on each condition independently
* **More opportunities**: More assets to trade across a single event
* **Independent resolution**: Each condition resolves separately

### Example

**Market**: "Which tech company will launch a major AI product in 2025?"

* **Apple**: YES/NO
* **Google**: YES/NO
* **Microsoft**: YES/NO

You can trade on any or all of these conditions simultaneously.

### Use Cases

* Comparing several competing outcomes (teams, candidates, products)
* Events where multiple things can happen independently
* Hedging strategies across related outcomes

<Note>
  In multi-outcome markets, you can hold positions in multiple outcomes at the same time.
</Note>

## Series Markets

Series markets automatically regenerate after each instance resolves. They create recurring trading opportunities on a schedule.

### Characteristics

* **Automatic regeneration**: Creates new market instances on a set schedule
* **Configurable intervals**: Hourly, daily, weekly, monthly, or custom
* **Historical tracking**: See performance across all past instances
* **Continuous presence**: The market stays active indefinitely
* **Inherited parameters**: Each new instance uses the same rules and resolution criteria

### Example

**Market**: "Will Bitcoin close above \$50,000 today?"

* A new market is created every day
* Each day is a separate trading opportunity
* Historical data shows how the market has resolved in the past

### Use Cases

* Rolling indicators — daily price levels, weekly stats
* Recurring events — weekly sports results, monthly economic data
* Community predictions that benefit from a consistent history

### Regeneration Schedules

* **Hourly**: New market every hour
* **Daily**: New market every day
* **Weekly**: New market every week
* **Monthly**: New market every month
* **Custom**: Custom schedule with specific start/end windows

<Tip>
  Series markets are great for developing repeatable strategies — you can refine your approach across multiple instances of the same question.
</Tip>

## Choosing the Right Market Type

### For Beginners

Start with **Binary Markets** — they're the simplest to understand and trade.

### For Advanced Traders

* **Multi-Outcome**: When you want to trade on multiple related conditions.
* **Series Markets**: When you want to trade on recurring events (can be Binary or Multi-Outcome).

### Market Comparison

| Feature    | Binary           | Multi-Outcome    | Series           |
| ---------- | ---------------- | ---------------- | ---------------- |
| Complexity | Low              | Medium           | Medium           |
| Outcomes   | 2 (YES/NO)       | Multiple         | 2+               |
| Recurring  | No               | No               | Yes              |
| Best For   | Simple questions | Multiple options | Recurring events |

## Market Lifecycle

All market types go through the same lifecycle:

1. **PENDING\_APPROVAL** → Waiting for admin approval
2. **OPEN** → Active trading
3. **CLOSED** → Trading stopped
4. **LOCKED** → Locked for resolution
5. **COMPLETED** → Outcome determined
6. **SETTLED** → Payouts processed

## Next Steps

<CardGroup cols={2}>
  <Card title="Understanding Prices" icon="dollar-sign" href="/user-guide/market-prices">
    Learn how prices work in different market types.
  </Card>

  <Card title="Start Trading" icon="hand-holding-dollar" href="/user-guide/trading-basics">
    Learn how to trade on these market types.
  </Card>

  <Card title="Create Your Own Market" icon="plus-circle" href="/user-guide/creating-markets">
    Create a market of any type.
  </Card>
</CardGroup>