# Prediction Trading Overview

Prediction markets work differently than a traditional sportsbook. Instead of placing fixed odds bets against a house, you trade outcomes on an open market.

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### Markets Are Tradable, Not Fixed

In a traditional sportsbook, odds are set by the book and locked in when you place a bet.\
In prediction markets, each outcome trades like a market using contracts.

For example, in a market like *“Will Team A win?”*:

* **Yes** and **No** are separate, tradable contracts
* Prices move based on supply and demand
* Prices reflect implied probability

A contract priced at **$0.65** implies the market believes there’s roughly a **65% chance** that outcome happens.

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### Orderbook-Based Trading

Prediction markets use an **orderbook**, similar to trading on an exchange.

This means:

* You can place **market orders** to fill instantly at the best available price
* Other users take the opposite side of your trade

There is no sportsbook setting the odds — the market determines price. By default, slippage on Wick for prediction markets is set to 8% for reliable execution. 

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### You Can Exit Before the Event Ends

Unlike most sportsbooks, you don’t have to wait for the final result.

If the market moves in your favor:

* You can sell your position early
* Lock in profits
* Or reduce exposure if the odds shift

<figure><img src="/files/U8gCQLU4EzQwksn9hU20" alt=""><figcaption></figcaption></figure>

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### Resolution After the Event Ends

When a game or event finishes, prediction markets **do not resolve instantly**.

After the event:

* Polymarket waits for official results
* An oracle confirms the outcome
* The market is then resolved on-chain

This process can take some additional time after the game ends.\
Once resolved, winning positions are settled and must be claimed directly on Wick Sports Home.

<figure><img src="/files/EVT0whhk9G3awmmLVfPd" alt=""><figcaption></figcaption></figure>


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