What are Event contracts?
What users are buying and selling, how contracts work and how outcomes are structured.
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What users are buying and selling, how contracts work and how outcomes are structured.
Event Contracts are the building blocks of Glimpse markets. Each contract represents a specific Bitcoin price range at settlement.
If Bitcoin settles within that range when the market resolves, the contract pays out. If Bitcoin settles outside that range, the contract expires worthless.
As participants buy and sell contracts, prices update continuously to reflect the market's current expectations.
Contract prices can be interpreted as the market's estimated probability of an outcome occurring.
For example:
20 sats
20%
50 sats
50%
75 sats
75%
As market expectations change, contract prices change too.
When you purchase a contract, you are expressing the view that an outcome is more likely than the market currently expects.
Before confirming a trade, Glimpse displays:
Number of contracts
Total cost
Maximum payout
Potential profit
Review these details carefully before proceeding.
Contracts can be sold before settlement.
If the value of your contract increases, you may be able to sell your position for a profit before the market resolves.
You can also choose to exit a position before settlement if market conditions change..
All trading involves risk.
Before opening a position:
Understand the market you are trading
Never risk funds you cannot afford to lose
Review your maximum possible loss
Consider how changing information may affect market expectations
Successful forecasting is not about certainty. It is about identifying situations where your assessment differs from the market's assessment.
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