What are Prediction Markets?
A prediction market lets you trade shares in the outcomes of future events. Instead of placing a traditional bet, you buy shares priced between $0.01 and $0.99. The price reflects the market's estimated probability of that outcome occurring.
If the outcome happens, each share pays out $1.00.
If it doesn't happen, your shares are worth $0.
Example
A market asks "Will X happen?" and Yes shares are trading at $0.65. This means the market believes there's roughly a 65% chance X will happen.
You buy Yes shares at $0.65 and X happens → you receive $1.00 per share, a profit of $0.35 per share.
X doesn't happen → you lose your purchase amount.
Selling before a market resolves
You don't have to wait for the outcome. You can sell your shares at any time before the market resolves. If the probability moves in your favor after you buy, you can sell at the higher price and lock in a profit early.
How do Prediction Markets work on Roobet?
Roobet's Prediction Markets are powered by Polymarket, the world's largest prediction market platform.
You trade directly from your existing Roobet account and balance. There's no separate wallet or funding step. The same balance you use across Roobet is used to buy and sell shares.
How to place a prediction
Locate the market you want to place a prediction on.
Select the outcome you want to buy shares of.
Enter the amount in $ you would like to purchase and select Buy.
How to sell shares
Select View Details next to My Holdings.
Locate the Sell button on the far right side of the market you want to sell.
Enter the number of shares you want to sell, or select a given percentage to automatically sell that number of shares. For example, if you have 20 shares and select 75%, you will still have 5 shares remaining.
Once you have the desired amount you want to sell, select Sell.
Important things to know
Positions don't count toward Rewards
Funds used to purchase positions do not accumulate Rewards. Any amount spent buying shares will not count toward the Roobet Rewards program.
Settlement times vary by market
Some markets take longer to settle and pay out than others:
Sports markets typically settle quickly after the game ends.
Complex events (such as geopolitical situations) can take significantly longer to resolve, as the outcome may not be immediately clear.
If your position hasn't settled right away, this is normal. Settlement time depends on the type of event.
FAQ
Do I need a separate account or wallet? No. Prediction Markets use your existing Roobet account and balance.
Can I exit a position early? Yes. You can sell your shares at any time before the market resolves, at the current market price.
Why hasn't my position paid out yet? Settlement time depends on the event. Sports markets settle quickly; complicated events like geopolitical situations can take much longer.
Do my purchases count toward Rewards? No. Funds used to buy positions do not accumulate Rewards.