How to profit?

In the previous example, a trader who believes BTC will hit $100K in 2024 with odds higher than 65% can place a limit order for 'Yes' shares at 65c each. If their order is successfully filled and BTC reaches $100K, their shares will rise to $1, resulting in a 35c gain per share. Consequently, they will earn a return of 35c/65c = 53.85%. Conversely, any trader who bought 'No' shares would see their investment written down to zero.

Furthermore, after your order is successfully filled and before the market resolves, you can buy or sell your shares at any time. You don't need to wait until the resolution day to claim your profits. As a hypothetical example, you could buy 'Yes' shares for 'Kamala Harris will become the next president of the United States' for less than 1 cent back in June 2024, and sell them for 50 cents in September – or hold them until November – it's totally up to you.