Prediction market glossary
Shared vocabulary for Polymarket, Kalshi, and Polifly workflows.
Core terms
Implied probability: chance suggested by price before frictions. Spread: bid–ask gap. Liquidity: ability to enter/exit size.
Resolution / settlement: official outcome per market rules. Edge: advantage after fees and slippage.
Event contract: Yes/No (or ranged) payoff tied to a defined event. Paper trading: practice without real capital.
Polifly-specific
AI analyzer: structured research pass on a market screenshot/context. Wallet radar: observe public wallet activity. Handpicked: curated markets for review—not guaranteed bets.