Trading and Profit

What do Yes/No prices mean?

Yes/No prices represent market-implied probabilities.

• A Yes price of 0.67 implies roughly a 67% market view that the event will happen
• A No price of 0.33 represents the complementary side

In standard market conditions:

Yes + No = 1

How can traders realize gains?

There are two common ways to realize gains:

1. Hold to expiry

If you buy the winning side and hold until settlement, the position can be redeemed at full payout.

2. Trade before expiry

If the market moves in your favor before settlement, you can sell earlier and realize the price difference.

In either case, the maximum loss on a position is limited to the capital committed to that trade.

When can I sell?

You can sell a position at any time before market expiry, subject to available execution conditions.

Once a market has expired and entered settlement, normal trading is no longer available.

It is also possible to hold both Yes and No in the same market as separate positions.