What is Binary Market?
A market with exactly two outcomes, usually Yes and No, that settles at a fixed payout if the winning side is correct.
Yes wins · $1 per share
A binary market has…
Write it in your own words in the app.
In real work
Keep the election question as a binary market until the field narrows enough for multiple candidates.
In the illustration
The market resolves; the Yes gate opens and each Yes coin pays $1, No pays nothing.
Compare the two sides of the binary market in your market app: what each share pays if it wins, what I pay now, and the break-even probability.
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See which roles lean on this vocabulary, and what they pay in year one.
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