Trading glossary
Prediction market
A market where people trade shares in possible outcomes of a future event. The final result determines what each share pays.
Market question
The specific question a market asks. Its wording, resolution rules, source, and timing define what counts as YES or NO.
Outcome
One possible answer to the market question. Markets on Juhus have two outcomes: YES and NO.
Share
A unit tied to one outcome. At standard resolution, a share in the correct outcome pays €1 and a share in the other outcome pays €0.
Price
The amount paid for one share. Prices range from €0.01 to €0.99.
Implied probability
A way to read a share price as a percentage. A price of €0.65 can be read as an implied probability of about 65%. It is a market signal, not a guarantee.
Position
The shares you currently hold in one outcome of a market.
Payout
The amount each share receives when the market is resolved.
Profit and loss
The difference between what you receive and what you paid, including applicable fees. Profit and loss may be realised by selling or by holding shares until resolution.
Order
An instruction to buy or sell shares under chosen conditions.
Market order
An order designed to trade against currently available offers as soon as it is eligible. It may fill at more than one price. During a live event, it may wait for a short delay first.
Limit order
An order with the worst price you are willing to accept. It may fill immediately, later, partly, or not at all.
Rest only
A limit-order choice that prevents the order from trading immediately. The order is added to the market only if it can wait at your chosen price.
Order book
The list of open buy and sell orders in a market, grouped by price.
Liquidity
How easily shares can be bought or sold without moving the price significantly. Greater liquidity usually means more shares are available near the displayed price.
Spread
The difference between the best available buy price and the best available sell price. A wider spread can make it more expensive to trade immediately.
Fill
The part of an order that has completed as a trade. A partial fill means only some of the requested shares have traded.
Open order
An order, or the remaining part of an order, that is still waiting to trade.
Scheduled order
An order placed during a live event that waits briefly before entering the market. The available price and quantity may change during the delay.
Fee
A charge paid when an order accepts an offer that is already available. A resting order does not pay this fee when another trader later accepts it. The preview shows an estimate before confirmation.
Close time
The expected time shown for trading to end. It is informational and does not close the market automatically.
Resolution rules
The conditions that explain how the final outcome will be decided, including how delays, cancellations, or unusual events are handled.
Resolution source
The stated source used to determine the result of the market question.
Resolution
The final decision that sets the payout for YES and NO shares.
Settlement
The process after resolution that pays positions and cancels any remaining open or scheduled orders.