Glossary

This glossary explains the key Outcora terms in simple language.

We will only tell you what you need to know about the users. We will not give you any technical details. The users are the focus and we want to make sure the users have the information the users need.

Basics

Prediction Market

A platform where people buy and sell predictions about future events.

The price of something is really about how likely it's that something will happen. The price reflects the probability of the event because that is what people are willing to pay for it.

So when we talk about the price we are talking about the probability of the event.

Market

A specific question you can make a prediction on.

For example: "Will Bitcoin be above $100,000 by December 31?"

Outcome

A possible result of the event.

In most markets, this is:

• YES

• NO

Binary Market

A market with two possible outcomes — YES or NO.

Price & Probability

Price

The current cost of one contract.

For example if we have 0.65 USDC this means that there is a 65 percent chance of something happening with the USDC. So when we talk about 0.65 USDC we are really talking about the probability associated with the USDC, which's 65 percent.

Probability

The likelihood of an event happening, represented by the price.

Odds

Another way to express probability.

The lower the probability, the higher the potential return.

Trading

Buy YES

Buying YES means you believe the event will happen.

Buy NO

Buying NO means you believe the event won't happen.

Position

The number of contracts that you actually have in your possession the number of contracts you own.

Trade

Buying or selling a contract.

Liquidity

How easily you can buy or sell contracts without significantly affecting the price.

Profit

Settlement

When the event ends:

• Winning contracts are worth 1 USDC
• Losing contracts are worth 0 USDC

Profit

The difference between your purchase price and the final payout.

Example:

You bought YES for 0.30 USDC

The event happened → you receive 1 USDC

Your profit = 0.70 USDC

Market Completion

Resolution

The official determination of the event's outcome.

Resolution Source

The trusted source (like a news website or official data) that determines the market outcome.

Resolved Market

The market is all done. This market has already been finalized.

Void

The market was canceled and all funds are returned to participants.

Wallet & Funds

Balance

Your available balance on the platform.

Deposit

Adding funds to your balance.

Withdrawal

Withdrawing funds from the platform.

Custodial Wallet

A wallet managed by the platform. You don't need to worry about keeping private keys safe.

Non-Custodial Wallet

A wallet you control. Only you have access to your funds and private keys.

USDC

The main currency used on the platform.