Prediction Market is a product that allows traders to participate in markets based on the outcomes of future events. By selecting the outcome they believe is most likely to occur, traders may receive settlement returns once the event is settled.
This guide explains how to access Prediction Market and place your first prediction on Toobit.
1. Access Prediction Market
-
Web: Log in to your Toobit account and navigate to [Futures] → [Prediction Market]
-
APP: Open the Toobit app and tap [Prediction Market] on the homepage
You will then enter the Prediction Market hub, where all available events are displayed.
2. How to participate
Step 1: Select an event
Browse available events through the following categories:
-
Trending
-
Latest
-
Events
Select an event to view its details.
Step 2: Choose an outcome
On the event page, select the outcome you believe will occur.
For example:
-
YES
-
NO
Step 3: Enter your participation amount
Enter the amount you wish to allocate to your selected outcome and review the order details. The system will automatically display your estimated settlement amount, which updates dynamically based on current market conditions.
Settlement Amount = User Resolved Amount + User Net Settlement Proceeds
Step 4: Confirm your order
After reviewing the details, click [Confirm] to submit your order. Your position will then appear in [My positions].
3. Positions and settlement
-
You can view the details from the event page:
-
My predictions: View the Prediction Event, my position, amount, estimated settlement time, and estimated returns.
-
History: View the Prediction Event, order time, my position, amount, settlement time, event outcome, order status, and returns.
-
Once the event has concluded, your prediction position will be settled based on the final confirmed outcome.
-
After settlement, you can view the final outcome and settlement returns in [History]. You can also view your prediction orders from [My positions] → [Prediction orders].
Important notes:
1. Shared account system: Prediction Market uses the same account as Futures trading. Participation in the Prediction Market may affect your available margin and open futures positions. Please monitor your account risk before participating.
2. Regional restrictions: Availability of Prediction Market is subject to local laws and regulations. This feature may not be available in certain countries or regions.
3. Version requirement: Prediction Market requires Toobit app v2.2.8 or later.
Start predicting now and explore future events on Toobit Prediction Market.
Risk Warning: Prediction Market involves risk and may result in the loss of your participation amount. As it shares the same account balance as Futures trading, participation may affect your available margin and positions. Please assess the risks carefully before participating. Availability may be restricted in certain jurisdictions due to regulatory requirements.
