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Short, practical guides to prediction markets — how prices work, how to size a trade, and how markets settle.
A prediction market lets you trade the outcome of a real event. This guide explains the YES/NO question, why the price is a probability, what you win, and how markets settle.
The mechanics, step by step: how a market is written, how your order is priced and filled, how the probability moves, and what happens at close and settlement.
Use the spread to gauge liquidity and find better entry prices.
Prices are percentages, not fractions. Learn to convert a probability into a payout, spot where the crowd disagrees with you, and read a market at a glance.
A practical framework for stake sizing using implied probability.
What cash out is, how the value is worked out from live probability, when it is available, and how to use it without giving back your edge.
How liquidity moves quotes and what it means for your fills and cash-outs.
A factual comparison: who sets the price, whether you can exit, what the range of subjects is, and how a position is valued before the result.
What happens after a market closes — and how outcomes are verified on TradeBanta.
How trading works from Nigeria — the Naira wallet, bank transfer funding, identity checks before withdrawal, what you can trade, and the rules that protect you.