# Explore & Trade ## Navigating Delphi The Markets page is where you browse active prediction markets and place trades. This page covers how to find markets, read market cards, buy and sell positions, and understand your payouts. ### Browsing Markets When you land on the Markets page, you'll see a grid of market cards showing all active markets. Each card represents a single prediction market. You can filter markets by category using the row of category buttons near the top of the page: `All`, `Crypto/Web3`, `Culture`, `Economics`, `Miscellaneous`, `Politics`, and `Sports`. {% hint style="info" %} By default, "All" is selected, so you'll see all available active markets. {% endhint %} ### Understanding Market Cards Each market card gives you a quick snapshot of that active market. * **Title:** The market's question (e.g., "Will Coinbase list the $AI token by January 1, 2027?"). * **Status:** Whether the market is active, pending settlement, or settled. * **Category:** Which category the market falls under. * **Verifiable tag:** If the market uses a verifiable settlement model, it'll be tagged as "Verifiable." * **Sentiment / Odds:** For yes/no (also called *binary* markets), you'll see the current sentiment split (e.g., 58.7% No / 41.3% Yes). For multi-outcome markets, you'll see the leading outcomes and their odds. * **Liquidity:** How much capital is in the market's pool. * **Close date:** When the market stops accepting trades. * **Creator:** A truncated version of the market creator's wallet address. ### Inside a Market Click any market card to open the full market view. At the top, you'll see a header banner with the market title, status, category, creator address, leading outcome, total trade count, and when the last trade was placed. There's also a share button in the top-right to copy a direct link to the market. Below the header, the page is organized into several sections: * **Place a Trade:** Select the outcome you want to trade on, toggle between *Buy* and *Sell*, enter the amount in USDC, and hit *Trade*. Your current wallet balance is displayed below the input field, along with the trading fee for that market. * **Market Stats:** This shows the trading fee percentage, total volume, and the created, closes, and settles dates and times. * **Market Sentiment Chart:** A line chart showing how sentiment across outcomes has shifted over time. * **Current Sentiment:** A set of progress bars showing the current probability distribution across all outcomes. * **AI Settlement:** Displays the AI model selected to settle the market, the settlement prompt, and the data sources the creator specified. For more on what this means, see [How AI Settlement Works.](https://docs.gensyn.ai/testnet/delphi/how-ai-settlement-works) * **Creator Stats:** The creator's wallet address, number of markets created and settled, total all-time volume across their markets, and their settlement percentage (how often they actually settle their markets on time). If they're a new creator, that'll be noted here as well. ### Buying a Position To buy a position in a market: 1. Open the market and go to the *Place a Trade* section. 2. Make sure *Buy* is selected. 3. Select the outcome you want to buy into. 4. Enter the amount of USDC you want to commit. 5. Click *Trade*. A confirmation modal will appear showing the market name, your selected outcome, the shares you'll receive, and the total cost. Press *Confirm* to complete the trade. {% hint style="warning" %} Payouts are *not* fixed. They may change as additional trades are placed before the market closes. {% endhint %} Once you've bought a position, you'll see a *My Position* section appear toward the bottom of the market page. This shows each outcome you hold, the cost you paid, and the number of shares you purchased. Below that, a *My Payout Preview* section shows what you'd receive if the market resolved to each outcome right now, based on current liquidity. These values are subject to change. ### Selling a Position To sell a position, toggle from *Buy* to *Sell* in the Place a Trade section, select the outcome you previously bought, and confirm the trade. Selling liquidates your entire position in that outcome. You *cannot* sell a partial position. {% hint style="info" %} If you try to sell an outcome you don't hold, the app will let you know you don't have a position to sell. {% endhint %} ### What Happens When a Market Closes Once a market reaches its close time, no more trades can be placed. The market status changes to *Pending Market*, and it enters a waiting period for the creator to settle it. During this pending period, the market creator is responsible for settling the market. The market creator runs the settlement prompt through the AI model they configured, pastes the result, and selects the final outcome. The creator has 24 hours after the market closes to complete this. If they miss the deadline, the market auto-settles: the creator forfeits their liquidity contribution, and all participants are refunded. {% hint style="success" %} You can claim refunds from the *Refunds* tab in Activity. {% endhint %} Once the market is settled, it moves to *Settled Market* status, and winning positions become claimable. If you hold a winning position, you can claim your payout from the market page or from the *Claimable* tab in your [Activity](https://docs.gensyn.ai/testnet/delphi/activity) dashboard.