Every side of a market has its own price. Prices move based on what people are buying — more buys push a side up, more sells push it down. No order book, no matching — you’re always trading against the market itself.
Early buys have outsized impact
Prices respond fastest when a market is young. The first handful of buyers on a side move the price the most; late buyers move it less.Small amounts, big swings
In a new market, a few conviction buyers can pull a side into serious contention.
Always tradeable
You can buy or sell whenever you want. The price adjusts automatically.
Progress is visible
Every market has a clear target. The chart tells you exactly how close each side is.
From launch to live market
Every market starts in a launch phase — prices are highly sensitive, no clock is running, and sides are still being discovered. Once a side pulls enough people behind it, the market opens up: the lead side is now defending its position, the resolution clock starts, and trading gets tenser. See resolution for what that looks like.Why does price feel like momentum?
Why does price feel like momentum?
Because price responds to demand, a wave of buying on one side shows up as a satisfying climb on the chart. Communities rally around it — every new buy makes the next one feel closer to winning.
Can prices crash?
Can prices crash?
Yes. Sells move prices down as fast as buys move them up. The price is a live read on how committed each side is.
Is there a time limit?
Is there a time limit?
Not during the launch phase. Markets can sit as long as they need. The clock only starts once a side pulls decisively ahead.
Next: resolution
How the market decides a winner.