How Polymarket works — Yes/No explained

Learn how event contracts price outcomes, settle to $1 and differ from sportsbook fixed odds.

Yes/No shares

Each outcome trades between 0¢ and 100¢. Price ≈ implied probability. Winning shares redeem for $1 at resolution.

Order book basics

Limit orders match against resting liquidity. Sample cards on the hub are illustrative — confirm live quotes after login.

Independent guide. Not the operator. 18+.