A prediction market lets you trade shares in the outcome of an event. That might be a team winning a match, an asset finishing above a target price, or another question with a defined result. On Unhedged, you choose an outcome, buy shares, and either sell while trading is open or hold them through settlement.

This guide explains the process using a simple example: buying 10 shares at 30¢ each in a market with two possible outcomes.

1. Open the market and read the question.

   On Unhedged, choose a category you follow, such as sports, esports, or crypto. Open an event and find the specific question you want to trade.

   One event can contain several markets. A team winning one map and winning the whole series are different outcomes. Read the full market name, available outcomes, closing time, and resolution rules. Those rules explain what counts as a win and which source determines the result.

   Your shares settle against the question you selected, so make sure it matches the prediction you want to make.

2. Understand the share price and your possible result.

   Each share is a claim on one outcome. In normal binary settlement, a winning share pays $1 and a losing share pays $0. A 30¢ quote means one share costs $0.30 before fees. It roughly implies a 30% chance of that outcome according to market pricing, without guaranteeing the result.

   Buying 10 shares at 30¢ costs $3 before fees. If your outcome wins, those shares pay $10, giving you a $7 profit before fees. If it loses, they pay $0, and you lose the $3 purchase cost plus applicable fees. The purchase price determines how much you pay for that potential payout.

3. Choose your outcome and place an order.

   Sign in and make sure your USD platform balance covers the trade and fees. If you need funds, open Deposit and review the available methods and any conversion fees.

   Select the price beside your chosen outcome to open the order ticket. Confirm the market and outcome, select Buy, and enter your share quantity.

   A Market order buys against available offers. Its final average price can differ from the first quote, especially if your order needs shares at several price levels. A Limit order lets you set the highest price you will pay per share. It can fill immediately if a suitable price is available, or wait for a match.

   For the example, enter 10 shares. If you want to pay no more than 30¢ per share before fees, set a buy limit of $0.30. Review the quantity, estimated cost, and fees, then submit.

4. Check what actually filled.

   An order requests a trade; a fill completes all or part of it. Filled shares become a position. Check My Positions for your holdings and Open Orders for any quantity still waiting to trade.

   If only six of your ten limit-order shares fill, you own six shares. The remaining four are still an order. You can cancel an open remainder while cancellation is available, but cancellation does not undo completed fills. Check the final status afterward.

5. Manage your position while trading is open.

   Share prices can rise or fall as the event unfolds, new information arrives, and traders change their views. You can hold your shares for the final result or try to sell some or all of them before trading closes.

   For example, if you bought ten shares at 30¢ and later sold all ten at 45¢, you would receive $4.50, making $1.50 before fees. That result requires a completed sale at that price. A higher price displayed on screen is an unrealized gain while you still hold the shares.

   To sell, open your position, choose Sell, and enter the quantity. A market sell takes available bids. A limit sell sets the lowest price you will accept per share. Review the proceeds and fees, submit, and check the fill. Selling depends on available buyers, so an unfilled sell order leaves you holding the shares.

6. Follow the position through settlement if you hold.

   After trading closes, the market resolves under its stated rules. The closing time does not guarantee an immediate payout. Check the confirmed outcome and your settled position; credited proceeds appear in your platform balance.

   If you hold all ten example shares and your outcome wins in normal binary settlement, your payout is $10. Subtract the $3 purchase cost and applicable fees to calculate your profit. Losing shares pay $0. Cancelled or void markets, and other formats such as pool markets, can have different payout rules; check the terms of the market you are trading.