Introduction
Learn how the platform works and how to place your first trade
What is Thoughts Market?
Thoughts Market is a peer-to-peer prediction market where users trade on the outcome of real-world events. Prices move in real time and represent crowd-implied probabilities.
How markets are structured
- An event is a topic (for example, an election or earnings release).
- A market is a tradable outcome question inside that event.
- Most markets expose Yes/No outcomes priced between $0.00 and $1.00.
Price = probability
If a "Yes" share is trading at $0.37, the market is pricing that outcome at roughly 37% probability. As traders buy and sell, the probability updates.
Payout basics
- Winning shares settle to $1.00 per share at resolution.
- Losing shares settle to $0.00.
- You can usually exit before resolution by selling your position.
Start in 3 steps
- Create your account and connect your wallet.
- Fund your account (wallet transfer, on-ramp, or direct USDC transfer).
- Open a market, choose your order type, and submit your trade.
Continue with Getting Started for the full onboarding flow.