Betting Phase

Once the market is open, multiple participants can join in. Users connect their wallets and choose a side (Yes or No) to bet on. They stake their chosen currency (the market will indicate which currencies are accepted; many markets allow SOL, $POLYPUMP, or even both). The Polypump smart contract records each bet, updating the total stakes on each side. As bets accumulate, the odds (prices of Yes vs No shares) update in real-time according to the amounts staked, as described in the previous section. This phase continues until the market’s deadline is reached (or until an event occurs that would prematurely decide the outcome). Users can enter or exit positions while the market is open (though in the current version, bets are typically locked in until resolution; a future update might allow selling your position early on a secondary market). Throughout the betting phase, the question’s progress can be tracked (for example, if the prediction is about reaching a certain metric, users might watch live data to inform their bets).