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# What is Prediction Market?
A prediction market is where participents trade financial positions whose value depends on the outcome of a future event. Instead of trading traditional assets like stocks or commodities, users buy and sell shares in possible outcome. The Market price of each outcome reflects the collective belief under given incentives and information about how likely that outcome is to occur.
### Overview Prediction Market in Polymarket
A prediction market, in Polymarket, implemented as an on-chain venue where you can buy and sell shares in the outcome of real-world events using USDC on Polygon. Each market is centered around a clear question and offers one or more mutually exclusive outcomes such as YES/NO or multiple choices.
### Process of Prediction Market
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Market Creation
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Trading
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Oracle Resolution
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Dispute Period
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Settlement & Close
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