The Phemex Prediction Markets are created to trade the outcome of events that take place in the world. The market prices can indicate what the crowd thinks the probability of the event is. Based on your prediction, you could split a prize pool with fellow predictors in the case of you winning.
Here is a guide on how to use the Phemex Prediction Markets.
1. Log in or Register your Phemex account.
2. On the left side of the page, hover over the “Earn” tab on the Homepage. Click on the fourth button, “Prediction Markets.”
3. You will be taken to the Hot Prediction Markets homepage. There will be several predictions for you to view and predict an outcome. You can also see the share prize for each of these predictions. In the future, there may be various forms of buttons for you to click on. For this example, you may click “Yes” or “No” to select a prediction.
4. Once you’ve selected an outcome for a prediction, you will be taken to a new page. Here, you need to state how much USDT/Shares you are willing to commit. In the Commit USDT box, key in the amount of USDT you want to commit to the prediction. Once you have completed that, you may click Confirm Prediction.
5. A pop-up notification will appear, confirming that your prediction has gone through. Congratulations, you’ve successfully placed a prediction!
6. You can now view your predictions in the My Shares box on the right side of the screen. Once the results of the prediction have been released, you will be able to collect your winnings in the Action section of the box. Click on Collect to redeem your winnings.
With that, you now know how to use the Phemex Prediction Markets. Good luck and may all your predictions be accurate!
