Placing a Bet

When a user places a bet on Yolomarkets, they are trading outcome tokens inside a CTF (conditional token framework), which is the same settlement model that powers Polymarket.

Every percentage bucket—0–10%, 11–20%, and so on up to 91–100% is represented as its own outcome token.

Users buy these tokens when they believe that the corresponding bucket will end up being the winning range once the opinion resolution is completed.

All trading happens through either limit orders or market orders, and both types ultimately settle through a negative-risk collateral model. This model ensures that users can take multiple overlapping positions across different buckets while only posting enough collateral to cover the single worst-case scenario, instead of funding every position independently.

Limit Orders

A limit order is created when the user specifies exactly which bucket they want, how many units they want, and the precise price they are willing to pay.

For example, a trader might submit an order to buy five hundred units of the 40–50% bucket at a price of 0.37. If another user is willing to sell at that price, the trade matches immediately; otherwise, the order simply sits in the orderbook until somebody chooses to fill it or the original creator cancels it.

Limit orders are preferred by market makers and more advanced traders because they offer full price control and help define the visible liquidity landscape for every bucket.

Market Orders

A market order is the simpler alternative and is used when the user cares more about immediate execution than the exact price.

A typical example would be a trader submitting a request to buy two hundred units of the 60–70% bucket at the best available prices right now. This instruction takes liquidity from the orderbook and instantly matches with existing limit orders, ensuring the order is filled as quickly as possible. Market orders prioritise speed and certainty, making them a natural choice for casual users or anyone who wants their position established immediately without waiting for a specific price.