Q1: What is an event market?
An event market is a trading market based on "event outcomes." Users buy and sell YES/NO contracts to make predictions about future events and earn returns once the outcome is determined.
Q2: What is the relationship between Gate and Polymarket?
Gate has partnered with Polymarket to launch the Polymarket product, becoming the first CEX exchange to integrate Polymarket. Polymarket provides the available events, order matching, and settlement capabilities, while Gate provides the trading entry point and account system. Users can participate directly with their Gate account, with no on-chain operations required.
Q3: What are the advantages of participating in the event market on Gate?
Compared to on-chain event markets:
- No wallet or gas fees: participate directly with your Gate account
- Spot USDT trading: no asset bridging or on-chain operations needed
- Simpler trading experience: complete order and position management
Compared to complex derivatives:
- You only need to judge whether an event will occur
- No complex trading knowledge required
Q4: What login and funding methods are supported?
Gate supports two ways to participate:
Option 1: Gate account login
- Participate directly with a Gate account
- USDT is deducted from your spot account
- No on-chain operations needed
- Ideal for users who prefer a simple experience
Option 2: Wallet login
- Log in with a Web3 wallet
- Use USDC on the Polygon network
- Funds settle on-chain
- Ideal for users familiar with on-chain operations
Q5: How do I participate in trading?
The steps are simple:
- Choose an event
- Choose YES or NO
- Enter the amount and confirm your order
- Sell at any time or hold until settlement
- Trading prices fluctuate in real time based on market supply and demand
Q6: What does the price represent in an event market?
The price represents the market's expectation of the probability of an event occurring. For example: YES price = 0.65 means the market believes there is about a 65% chance the event will occur.
Q7: How can I profit in the event market?
Method 1: Hold until settlement
- If your prediction is correct, each contract settles at 1 USDT
- Position profit = 1 – buy price
- If your prediction is wrong, the contract is worth 0.
Method 2: Trade on price fluctuations
- If market sentiment shifts and the price rises:
- Buy low
- Sell high
- No need to wait for the final outcome
Q8: When is a market settled?
Each market has clear rules and settlement conditions. Once the event outcome is determined, the system automatically settles. Contracts in the correct direction settle at a share-to-stablecoin ratio of 1:1.
Q9: How does event market settlement work?
The settlement rules are simple:
- Correct direction contract → 1 share = 1 USDT
- Wrong direction contract → worth 0
After settlement, funds are automatically returned to your spot account.
Q10: Can I sell at any time?
Yes. While trading is open, you can:
- Sell partially
- Sell your entire position
- Or continue holding
Once the market closes for trading, you can no longer buy or sell and can only wait for settlement.
Q11: Are trading fees charged?
Gate does not profit from event outcomes or users' position gains or losses.
The platform only charges trading fees according to published fee rules. It does not participate in user profit distribution and does not earn additional revenue from any particular outcome.View prediction market fees
Q12: Can I participate with a Web3 wallet?
Yes. Users can choose between:
- Exchange account login (USDT)
- Web3 wallet login (Polygon USDC)
Q13: What types of events will be available in the event market?
Event markets may include: crypto industry events, price milestones, major sports events, technology or industry developments, significant market trends, and more. The platform will continue to list new event markets.
Q14: Why does the price keep changing?
The price is determined by market supply and demand. As more users buy a given direction, the price of that direction rises.
Q15: Can I buy both YES and NO at the same time?
Yes. Some users hold both directions as part of hedging or short-term trading strategies.
Q16: Is the event market suitable for beginners?
Yes. Compared with options or futures trading, the event market only requires you to judge whether an event will occur.
Q17: What are the risks of participating in the event market?
The main risks include:
- Loss of principal due to incorrect predictions
- Market fluctuations that may cause unrealized losses
- Certain events may enter delayed settlement due to disputes
Please manage your position size appropriately and avoid high-risk operations.
Q18: What happens if there is a dispute over an event outcome?
Each market has clear data sources and settlement rules. If a dispute arises, the market may enter a delayed settlement process until the outcome is confirmed. For the specific handling process, please refer to the official documentation.
Q19: Will new markets be listed continuously?
Yes. Gate will continue to launch new events for users to trade.
Q20: How is the price formed?
- The price is determined by market supply and demand.
- The more people buy YES, the higher the YES price
- The more people buy NO, the higher the NO price
- The price is essentially the market's collective judgment of probability.
Q21: Why does my market order appear in the order list and cannot be canceled?
Gate's order matching uses Polymarket's matching engine. User orders are submitted to Polymarket and matched on-chain. During network fluctuations, the on-chain recording time may be extended. Don't worry — your market order has already been submitted for matching. Just wait patiently and refresh to see the update.
Q22: Does the platform participate in trading or pricing?
Gate serves as an event market service platform, providing users with a trading entry point and related services. It does not participate in market trading or determine market prices. All trades are matched between market participants, and the platform does not act as a counterparty to user trades.
Disclaimer
The content provided herein is for reference and educational purposes only and does not constitute any financial, investment, trading, or legal advice, nor does it constitute an offer or solicitation to buy or sell any digital assets. Gate makes no express or implied representations or warranties regarding the accuracy, completeness, or timeliness of the information contained herein. Product features, interfaces, rules, and fee structures may be updated or adjusted at any time. Please refer to the latest announcements and the actual information displayed on the Gate platform for the most accurate details.
Digital asset investments involve significant risk, and prices may fluctuate substantially. You may lose the entire amount of your investment. Please make decisions cautiously based on your own financial situation and risk tolerance after fully understanding the associated risks. If necessary, you are advised to consult an independent professional financial or legal advisor.
For more information about potential risks, please refer to Gate's Risk Disclosure and User Agreement.
