> ## Documentation Index
> Fetch the complete documentation index at: https://docs.bayse.markets/llms.txt
> Use this file to discover all available pages before exploring further.

# Prediction markets

> Understanding prediction markets on Bayse

## What are prediction markets?

Prediction markets allow users to trade on the outcomes of future events. Users buy and sell shares in different outcomes, and the market prices reflect the collective wisdom of all participants.

**Example:**

**Event**: "Will it rain in Lagos tomorrow?"

**Outcomes**:

* Yes (currently trading at \$0.65)
* No (currently trading at \$0.35)

If you think rain is more likely than 65%, you might buy "Yes" shares. If it does rain, your shares are worth \$1.00 each. If it doesn't, they're worth \$0.00.

## Learn more

<CardGroup cols={3}>
  <Card title="Events, markets & outcomes" icon="sitemap" href="/concepts/events-markets-outcomes">
    The data model — events, markets, outcomes, and event types
  </Card>

  <Card title="Market engines" icon="gears" href="/concepts/market-engines">
    AMM vs CLOB execution
  </Card>

  <Card title="Multi-currency" icon="coins" href="/concepts/multi-currency">
    Trading in USD and NGN
  </Card>

  <Card title="Trading flow" icon="arrow-right-arrow-left" href="/concepts/trading-flow">
    Browse, quote, order, and portfolio
  </Card>

  <Card title="Order lifecycle" icon="clock-rotate-left" href="/concepts/order-lifecycle">
    Time-in-force, order types, and statuses
  </Card>

  <Card title="Market data" icon="chart-line" href="/concepts/market-data">
    Price history, order book, trades, and ticker
  </Card>

  <Card title="Sports markets" icon="soccer" href="/concepts/sports-markets">
    Head-to-head, goal spread, and total goals markets for soccer
  </Card>
</CardGroup>