> ## Documentation Index
> Fetch the complete documentation index at: https://docs.liquid.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# Trade prediction markets

> Find a prediction market, buy YES or NO shares, and cash out before the event resolves.

New to prediction markets? Start with [How prediction markets work](/predictions/how-predictions-work).

## Find a market

<Tabs>
  <Tab title="iOS">
    On **Home**, swipe to the **Predict** page. Browse **Trending Predictions**, **Live Games**, and **Up Down**, or filter by category. You can sort by **Featured**, **Volume**, or **Ending soon**.
  </Tab>

  <Tab title="Web">
    Click **Predict** in the top bar. Pick a category, or search for a market with the **Predictions** tab in search.
  </Tab>
</Tabs>

## Buy shares

<Steps>
  <Step title="Open the market">
    Tap a market to see the question, the current price of each outcome, and the chart.
  </Step>

  <Step title="Pick an outcome">
    Tap **Yes** or **No**. The price is what you pay per share, from 1¢ to 99¢.
  </Step>

  <Step title="Enter an amount">
    Enter how much to spend. The minimum is \$10 and can be higher for some markets or whole-share sizes. The screen shows the minimum, how many shares you get, and what they pay if you're right.
  </Step>

  <Step title="Confirm">
    On iOS, use **Slide to buy**. On web, click the buy button.
  </Step>
</Steps>

<Frame caption="Buy Yes shares in a prediction market">
  <video src="https://mintcdn.com/liquidmax/XfQEOO9DUSXzP7OP/videos/predictions/buy-shares.mp4?fit=max&auto=format&n=XfQEOO9DUSXzP7OP&q=85&s=a124bb75848baecae5ff1c54a9465fa1" autoPlay loop muted playsInline width="375" aria-label="On Home, open Predict, choose a market and Yes, enter $20, slide to buy, and view the order receipt" data-path="videos/predictions/buy-shares.mp4" />
</Frame>

## Use a limit price

Instead of buying at the current price, you can set the most you're willing to pay. Choose how long the order stays open:

* **Good 'Til Canceled:** stays open until it fills or you cancel it.
* **Immediate or Cancel:** fills what it can right away and cancels the rest.
* **Post Only:** only rests on the book, so it never fills against an existing order.

## Cash out

Open your position and tap **Cash Out** to sell your shares before the event resolves. The **Cash out now** screen shows estimated proceeds. Use **Slide to sell** to close at market, or choose a limit price.

After resolution, winning shares pay \$1 each to your [Liquid balance](/account/move-funds). Each buy and sell pays Liquid's 0.90% [prediction market fee](/trading/fees#prediction-markets) (0.81% with a referral code).

<Frame caption="Cash out Yes shares before the market resolves">
  <video src="https://mintcdn.com/liquidmax/XfQEOO9DUSXzP7OP/videos/predictions/cash-out-shares.mp4?fit=max&auto=format&n=XfQEOO9DUSXzP7OP&q=85&s=8ba569e272a5285e01de2e2c75bb1fab" autoPlay loop muted playsInline width="375" aria-label="From a held prediction, tap Cash Out, review the estimated proceeds, slide to sell, and view the position closed receipt" data-path="videos/predictions/cash-out-shares.mp4" />
</Frame>

## Up Down markets

**Up Down** markets ask whether an asset will be higher or lower at the end of a short window, such as 15 minutes. A new window opens as soon as the last one closes, so there's always one to trade.


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.