HOW IT WORKS

How contracts and events are determined

What is a prediction market?

A prediction market is a platform where participants trade contracts on the outcomes of real events. Each contract is a yes/no question: will this candidate win their race? If you hold a contract and that candidate wins, it pays 100 points. If they lose, it expires at 0.

The contract's price at any moment reflects what all traders collectively believe the probability of that outcome is. A contract trading at 65 points means the market believes there is roughly a 65% chance that candidate wins. The price is set by supply and demand — every trade is a vote.

How are outcomes determined?

All outcomes are determined exclusively by official results published by the Howard University Election Commission at huelections1867.com. We make no independent determinations and do not exercise editorial judgement about results.

When the Election Commission certifies a winner, an administrator settles the market. Winning contracts pay 100 points. Losing contracts expire at 0. Settlement is permanent and cannot be reversed.

What are maker and taker orders?

A maker order rests in the order book and waits to be matched — it adds liquidity to the market and pays no fee. A taker order matches immediately against an existing resting order — it removes liquidity and pays a 2% fee.

To trade as a maker, set your buy price below the current best ask, or your sell price above the current best bid. The order form shows in real time whether your order will rest on the book (maker, no fee) or match immediately (taker, 2% fee applied to the total contract value).

Maker orderNo fee
Taker order2% fee (minimum 1 pt)
What is the market maker?

The platform runs an automated market maker (MM) that continuously posts buy and sell quotes in every market, ensuring there is always a price available to trade against even when no other users are active.

The market maker earns the spread between its bid and ask as compensation for providing liquidity. It starts each market at equal probability splits among candidates and adjusts its quotes as user trading activity moves prices. The market maker is not affiliated with any candidate or campaign and has no view on election outcomes.

How are points purchased?

Click Get Points in the sidebar to view available packages. Select a package and complete checkout through our Stripe-secured payment page. Points are credited to your account within seconds of payment confirmation.

Points have no monetary value outside the platform and cannot be redeemed for cash during an active election cycle. Purchasing points is buying a digital good for use on this platform — not a financial investment or legal wager.