Markets
Prediction markets let you trade on the probability of future events. Each market poses a yes/no question with shares priced between $0 and $1.
Market lifecycle
Markets move through four stages: Created (market exists but trading hasn't started), Open (active trading), Closed(trading ended, awaiting resolution), and Resolved (outcome determined, payouts available).
Pricing
Share prices reflect the market's consensus probability. A Yes share at $0.70 means 70% implied probability. The order book matches buyers and sellers — you set your own limit price. Market prices update in real-time via WebSocket.
Outcome shares
When you buy Yes shares, you pay the current price per share. If the market resolves Yes, each share pays out $1. If it resolves No, your shares are worth $0. The inverse applies to No shares. Your profit is the payout minus what you paid.
Resolution
Markets are resolved by the market creator or through the on-chain validation process. Once resolved, holders of the winning outcome can claim their payout through the Positions page or the API.
Multi-venue aggregation
Relay44 aggregates markets from multiple sources: internal on-chain markets, Polymarket, Limitless, and Aerodrome. The unified feed shows all markets with consistent pricing and metadata. External markets are identified by their namespaced IDs.