Prediction markets: price, access and resolution

A quoted probability leaves several questions open: who can trade, who takes the other side and who decides the outcome?

A route through the reporting

The phrase prediction market covers products with different access rules, market structures and resolution processes. A price on a screen does not explain all three. This reading guide separates the trading mechanism from the legal and product boundaries, then follows the contract into a disputed outcome.

Begin with the sportsbook comparison if the basic counterparty distinction is unclear. Use the venue comparison for the specific products it names, paying attention to its date and jurisdiction. The dispute article is the place to examine what a contract says will count as the result. None of these pieces treats an event-contract price as a guaranteed forecast or offers a trading strategy; their purpose is to make the product and its evidence easier to inspect.

Guide reviewed . Check each article for its reporting date and sources.

Essential reading

  1. Identify the other side

    Prediction Markets vs Sports Betting: Who Sets the Price and Who Takes the Other Side?

    Compare the way a market forms a price with the way a sportsbook offers odds. The guide introduces the counterparty and exchange distinctions before applying them to the products discussed in the reporting.

  2. Keep the products separate

    Kalshi vs Polymarket: A 2026 Comparison of US and International Products

    Read the dated comparison of US and international products, access and fees. Check its source links before relying on a current product detail: a company name alone does not identify every service it operates.

  3. Follow the resolution process

    Who Resolves Prediction Market Disputes?

    Look at the contract wording, evidence and challenge procedure that determine a disputed outcome. The article distinguishes a trader’s expectation from the venue’s stated mechanism for recording and reviewing the result.

All reporting on this topic