How YES/NO markets work
By YesNo.fans editorial team · Updated
YES and NO are complementary sides of the same question. The price shows the current market estimate and your result depends on the final settlement.
YES and NO are two sides of one outcome
A YES share benefits if the event resolves YES. A NO share benefits if the event resolves NO. You should always read the exact rules before choosing either side.
Prices are probability-like signals
A YES price around 0.62 USDT can be read as roughly 62% market-implied probability. It is not a promise and can move after new trades or new information.
- Buying one side pushes that side higher.
- Selling exits exposure while trading remains open.
- Large trades can move the quote more than small trades.
Choosing a side
Compare the market price with your own estimate. If you think an outcome is more likely than the price implies, the matching side may be attractive. If you have no view that differs from the market, there is no reason to trade.
Closing before the end
While a market is open you can sell a position instead of waiting for the result. The quote you receive depends on the price at that moment, so it can be higher or lower than what you paid.
What happens at settlement
After the event closes and the outcome is verified, winning positions receive the settlement payout after applicable fees and platform rules. Losing positions may receive nothing.