How Omen Works
Trade on real-world events, build your prediction track record, and earn rewards for accurate forecasts
Start Trading in 4 Steps
Connect Your Wallet
Connect any EVM-compatible wallet to get started. Your wallet is your identity and holds your trading assets.
- Support for MetaMask, WalletConnect, and more
- Non-custodial - you always control your funds
- Seamless cross-chain experience
Browse Markets
Explore prediction markets across crypto, politics, sports, entertainment, and more. Find events you have insights about.
- Wide variety of market categories
- Real-time price and volume data
- Filter by topic, popularity, or end date
Trade Shares
Buy YES or NO shares based on your prediction. Prices reflect the probability of each outcome.
- Buy shares for outcomes you believe in
- Sell anytime before market resolution
- Lock in profits or cut losses freely
Get Settled
When the event concludes, markets resolve based on real-world outcomes. Winning shares pay out at full value.
- Transparent oracle-based resolution
- Winning shares redeem for full value
- Automatic payout to your wallet
Understanding Prediction Markets
Prediction markets aggregate collective wisdom into real-time probability estimates
What are Shares?
Shares represent your position in a market. Each share of a winning outcome pays out 1 token at resolution. If you buy YES shares at $0.60 and the outcome is YES, each share pays $1.00 - a profit of $0.40.
How Prices Work
Prices reflect the market's collective probability estimate. A YES price of $0.70 means the market thinks there's a 70% chance of that outcome. As opinions shift, prices move accordingly.
Liquidity & Trading
You can buy or sell shares anytime before market resolution. No account limits, no unfair odds - the market is open and transparent for all participants.
Resolution & Oracle
Markets are resolved by trusted oracles that verify real-world outcomes. The resolution process is transparent and follows predefined rules set when the market was created.
Example Trade
Market: "Will BTC reach $150k by June 2026?"
Current YES price: $0.35 | Current NO price: $0.65
If you think YES
- 1.Buy 100 YES shares at $0.35 each = $35 total
- 2.If BTC reaches $150k: 100 x $1 = $100 payout
- 3.Your profit: $100 - $35 = $65 (186% return)
If you think NO
- 1.Buy 100 NO shares at $0.65 each = $65 total
- 2.If BTC doesn't reach $150k: 100 x $1 = $100 payout
- 3.Your profit: $100 - $65 = $35 (54% return)
The lower the price, the higher the potential return — but also the lower the market's confidence in that outcome
Frequently Asked Questions
What tokens can I use to trade?
Omen supports multiple ERC20 tokens for trading. You can bet with stablecoins, ETH, and other supported tokens. Check each market for available trading pairs.
Can I sell my shares before the event ends?
Yes! You can sell your shares at any time before market resolution. This allows you to lock in profits or cut losses without waiting for the event outcome.
How are winnings calculated?
If you hold winning shares, each share is worth 1 token at resolution. Your profit is the difference between your purchase price and 1. For example, buying at $0.30 and winning gives you $0.70 profit per share.
What happens if an event is cancelled?
If an event is cancelled or cannot be resolved, markets may be voided and all positions returned to their original state. The specific rules depend on the market's resolution criteria.
How is the Prophet Score calculated?
Your Prophet Score is based on your prediction accuracy, timing, position sizes, consistency, and overall ROI. Better predictions over time lead to higher scores and exclusive rewards.
Ready to Start?
Join Omen today and start building your Prophet track record. Trade on events you understand and earn rewards for accurate predictions.