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Market, Share, Question, Yes/Buy, No/Sell, Last Price, Share Price, Share Cost, Currency, Trade Fee, Market End, Trading Hours, Interest, Previous Close, Session Lo/HI, Life Lo/Hi, Opening Price, Today's Volume, Total Volume, Market Open Date, Market Close Date |
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The predicted event upon which shares are bought and sold. |
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Two shares are created when two members purchase opposite positions on a prediction, one YES the prediction will occur and one NO the prediction will not occur. Their combined purchase of one share each always = $10.00 less trading fees. |
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The "Question/Prediction" posted in the title and rules of each "Market Prediction" to which the trading members either agree with "YES" or disagree with "NO". |
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"Yes" is selected to purchase shares in a Market when you AGREE with the "Market Question/Prediction" for that Market. |
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A purchase of available shares when you DO NOT AGREE with the "Market Question/Prediction" for that Market. |
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A 65.6% ($6.56) "Last Price" would be the current Market Prediction that there is a 65.6% probability that the event will occur. The percentage probability reflects the last price paid for a share in that Market Prediction. |
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Determined by the members as you trade like any other stock. For each buying member on the "Yes" side of a Market, there is a member on the "No" side of the Prediction. The price of shares goes up and down as a result of the combined knowledge of potentially thousands of investors putting up real dollars as they buy and sell their shares. |
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| Share Cost |
All shares on the "yes" and "no" sides of each Market trade between
0-100 ($0.0 - $10), all "market" driven between the start/opening of the market until it "expires". For every "yes" share, there is a "no" share...their combined costs always = $10., less modest trading fees. |
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| Currency |
U.S.D. |
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| Trading Fee |
.03 cents per trade. .03 cents per share held to expiry that ends favorably to its share holder. |
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| Market End |
All markets end as follows: If the Market ends as predicted subject to Market "rules" set forth, all holders of "Yes" shares are paid $10 per share, less fees. All holders of "NO" shares receive "0" dollars. If the Market ends not
as predicted subject to Market "rules" set forth, all holders of "No" shares are paid $10 per share, less fees. All holders of "Yes" shares
then recieve "0" dollars. Each Prediction Market has specific rules governing the expiry criteria located right on the Trading page. |
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| Trade Anytime |
As circumstances change effecting a Market you are allowed to trade
any time before a Market "expires". You can continue to buy shares, sell shares,
change your position even by selling your shares and buying the other
side. You can cash out at any time by selling your shares to another member. |
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| Interest |
Funds parked in your account earn interest. See "Banking". |
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| Session lo/hi |
Prices of shares sold this session both lo and hi. |
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| Life lo/hi |
Price of shares both lifetime lo and hi. |
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| Opening Price |
Price of shares at opening of current session. |
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| Today's Volume |
Total of shares traded today. |
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| Total Volume |
Total trades since opening date. |
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| Market open date |
Date Market opened for trading. |
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| Market close date "Expiry" |
Date of closing of Market. All Markets have the "expiry" time and date clearly posted on each Market. |
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