Every market has two sides — Yes and No — whose prices always add up to about 1.00 USDC. If Yes trades at 0.70, No trades at about 0.30.
Buying
Buying Yes shares profits if the event happens; buying No profits if it does not. You can buy either side of any market.
Prices move
Naugur uses an automated market maker plus a live order book. As people buy a side, its price rises; as they sell, it falls. Sports markets also re-price automatically from the live score.
Settlement
When the event concludes, the market resolves to the true outcome. Winning shares are worth 1.00 each; losing shares are worth 0. See “Payouts & Resolution”.