How to place an order

Each market is a question with a YES or NO outcome. You can buy or sell contracts on it.

• Buy if you think the outcome will be YES.
• Sell if you think the outcome will be NO.

For a binary contract with a $1 settlement value, a contract normally pays $1 if the outcome is YES and $0 if it is NO. Read the contract’s terms in its Rules tab; special settlement provisions may apply. See Outcomes and settlement.

Placing the order

1. Select a market and the contract you want to trade.
2. In the Order Slip, choose buy or sell, enter your price and the number of contracts.
3. Review the Cost and Payout shown, then select Place Order.

An order becomes a trade only when it is matched and executed. Check the order status after you submit it. See Trading and orders for how orders are matched, partly filled and cancelled.

What it costs

You must have enough cash in your account to cover the maximum loss on the position. For example, at a price of $0.40:

• Buying 10 contracts costs $4.00. If the outcome is YES, they pay $10.00.
• Selling 10 contracts costs $6.00 ($1.00 minus $0.40, per contract). If the outcome is NO, they pay $10.00.

Fees apply; see the Fee Schedule. These examples do not predict an outcome.