- How do prediction markets work: Contracts, order books, and settlement
- How prediction markets resolve: rules, oracles, disputes, and settlement
- How to use Polymarket for beginners: a safe onboarding checklist
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Start herePrediction markets trade event-linked contracts whose prices can be read as odds, but liquidity, informed flow, and regulation decide how trustworthy that signal is.

A disputed Polymarket resolution triggers a bonded challenge, a 24–48h evidence window, and can end in a ~48h UMA vote that finalizes settlement.

Kalshi markets price Yes/No contracts from $0.01 to $0.99 and settle at $1 or $0, so your entry price is your max loss per contract.

They turn a $1 payoff into a tradable price signal, then rely on a matching engine and a resolution process to pay winners.
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