The Event Market is a prediction-based trading product launched by Gate, allowing users to make predictions on the outcomes of real-world events such as cryptocurrency price movements, macroeconomic indicators, and sporting events. Users trade by purchasing “bullish” or “bearish” shares, with each contract priced between 0.01 and 0.99 USDT, reflecting the market’s consensus pricing of the probability that the outcome will occur. Unlike perpetual contracts, the Event Market does not involve margin, leverage, or forced liquidation mechanisms. The full amount paid by users when opening a position is the maximum possible loss for that trade. If the prediction is correct, each contract settles at 1 USDT; if the prediction is incorrect, the share’s value falls to zero. This design means that participants can never incur losses exceeding their initial investment under any circumstances, nor face the risk of a negative balance. From a fund security perspective, the risk exposure is capped at the product level—using