What is event shares?

What is event shares?

In TradeX, "share" typically refers to a unit of ownership in a specific event outcome or market. TradeX is a platform for trading on the outcomes of future events, such as political elections or economic indicators. When you buy a share in TradeX, you're essentially investing in a prediction about whether a particular event will occur or not. If the event occurs as predicted, the share's value will increase; if not, it will decrease. Shares allow users to participate in trading on the platform and potentially earn profits based on the accuracy of their predictions.

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    • Can I bid both on Yes and No shares at the same time on the same event?

      Yes, you can bid on both positions and hedge your positions. Feel free to exit the unfavourable position when you are more certain about the outcome of the event.

    • How to buy shares?

      You can select a particular event on which you want to bid from the home tab. After choosing the event, select the desired option between Yes and No. You can match an existing open bid or place a new bid at the ongoing price.

    • How event settlement work?

      The event settles as established in the market rules. You can find the settlement date and rules for each event on its Market Page. Event settlements are designed to be verifiable by any market participant. Familiarize yourself with the details ...

    • How is the event outcome decided?

      The event outcome is decided on the basis of the “Source of Settlement”, which is always listed at the bottom of any event’s “Market Info” tab.

    • I placed a bid on some event, that event never happened, what will happen to my bids?

      In that case, the amount will be refunded to your account along with the applicable trading fee within 24 hours of the cancellation of the event.