What is Categorical Market?
A market with several mutually exclusive outcomes, where each outcome has its own share and only one can win.
3 outcomes · one wins · 100%
A categorical market has…
Write it in your own words in the app.
In real work
Split the race into a categorical market so each candidate has a separate tradable share.
In the illustration
Levels shift as one rises; at resolution one tube fills and the rest drain.
Lay out the categorical market in your market app for the award: every outcome, its implied probability, and whether the probabilities sum to about 100 percent.
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03Career
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