sooq is built to make markets understandable before you trade.
Before entering a market, you should know what you are trading, what moves the price, how the result is settled, and what you may receive if your view is correct. Every market is designed around a simple principle: users should understand the rules before they risk money.
sooq does not ask you to trade blindly. The market question, price, expiry, return, and settlement method should be visible before you confirm.
Last reviewed · May 18, 2026Reading time · 7 minAudited by · Trail of Bits
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How sooq works.
sooq lets you trade your view on real-world outcomes and short-term market moves.
Instead of only watching prices, news, politics, sports, and events happen, sooq lets you take a position on what you think will happen next. You choose a market, read the rules, pick your view, enter an amount, review the return, and then either cash out early when available or wait for the result.
The goal is to make the experience simple enough for new users, but clear enough that every trade has a visible rule behind it.
Speed markets
Fast markets based on short-term price movement.
A Speed Market lets you take a view on whether an asset like BTC or gold will finish above or below a target price by expiry. These markets are designed for quick decisions, short timeframes, and fast-moving price action.
For example, a Speed Market might ask whether BTC will finish above a specific target price in the next five minutes. The result is not based on opinion. It is checked against the listed price source at the expiry time.
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Prediction markets
Event markets based on real-world outcomes.
A Prediction Market lets you take a view on whether something will happen or not happen. These markets can be based on news, politics, sports, economic events, public announcements, or other real-world outcomes.
For example, a market might ask whether a specific announcement will happen before a deadline. Users can trade YES if they believe it will happen, or NO if they believe it will not happen.
The price reflects the market’s current view of the outcome. If YES is trading around 65, the market is roughly showing that YES is being valued around a 65% chancebased on current trading activity. This is not a guarantee. It is only the market’s view at that moment.
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Who moves the market?
Different sooq markets move in different ways.
In Prediction Markets, users move the price by buying YES or NO. In Speed Markets, the underlying asset moves the result through external price data. This distinction matters because it explains what the user is actually trading against.
sooq should not manually choose winners. Markets should settle according to the source and rule shown before trading.
In prediction markets, users move the price.
Prediction Markets are shaped by user activity. When more users buy YES, the YES price can rise. When more users buy NO, the NO price can rise. The price changes because the market is reacting to what users believe is more likely.
This makes the price a live reflection of market opinion. It is not a promise that something will happen. It is the current view of the people trading that market.
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In speed markets, the asset moves the result.
Speed Markets are different. The result is based on the movement of the listed asset, such as BTC or gold. The asset moves in the real market, and the sooq market settles based on the listed price source and settlement rule.
If the market asks whether BTC will finish above a target price, the listed BTC price source is checked when the market expires. If BTC is above the target according to the rule, the winning side is paid. If not, the other side wins.
Cashout moves with live conditions.
Cashout lets you close a position before the final result when it is available. The cashout value can move up or down based on the current market price, time remaining, volatility, liquidity, and risk conditions. This means the amount may change quickly, especially in fast markets.
Before you confirm a cashout, sooq should show the exact amount you will receive. Cashout may not always be available, but when it is available, the value should be clear before you accept it.
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How results settle.
Every market on sooq should have a clear settlement method before trading starts.
When a market ends, trading stops, the listed source is checked, the result is confirmed, and winning positions are paid. The result should come from the market rule, not from a decision made after the fact.
Settlement is the part of the system where trust matters most. Users need to know that the outcome is being decided by the rule they saw before entering the trade.
How speed markets settle.
Speed Markets settle using the listed price source at expiry. If the market is based on BTC, gold, or another asset, the result depends on the price from the source shown on the market page. The market rule should clearly explain the target price, expiry time, and what counts as a win.
For example, if the market asks whether BTC will finish above a target price by expiry, the source is checked at the settlement time. If the price is above the target according to the rule, the above side wins. If the price is below the target, the other side wins.
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How prediction markets settle.
Prediction Markets settle using the published market question, deadline, source, and resolution rule. The rule should explain what must happen for YES to win, what makes NO win, and what happens if the outcome is unclear. This is especially important for news, politics, sports, and public events, where wording matters.
For example, if a market asks whether an announcement will happen before a certain date, the rule should explain what counts as an announcement, which sources are accepted, and what deadline is used. The user should be able to read the rule before trading and understand exactly what will decide the result.
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What happens if a result is unclear?
Some outcomes are not immediately clear. A source may be delayed. Reports may conflict. An event may be canceled. A price source may have an issue. A market rule may require additional review before the result can be confirmed.
When this happens, the market may enter review. During review, settlement can be paused until the result can be verified according to the published rule.
A delayed settlement is better than an unfair settlement. If a fair result cannot be determined, the market may be voided and eligible positions may be refunded according to the market rules.
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How sooq is different.
sooq combines market-style pricing with event-based outcomes.
Some users may compare it to trading platforms. Others may compare it to online betting. The experience has similarities, but the mechanics are different.
The important difference is that sooq markets are designed to show the user-facing logic before entry. You should know what you are trading, what moves the market, what decides the result, and what you may receive if your view is correct.
Feature
sooq · predictionEvent outcomes
sooq · speedAsset movement
Trading platformsFinancial assets
Online bettingSports / events
What you take a view on
Real-world outcomes
Short-term asset movement
Financial assets
Sports, games, or events
What moves the price
User trading activity
External price data
Global supply and demand
Operator or bookmaker odds
What decides the result
Published rule and source
Listed price source at expiry
Market price
Official result + operator rules
Can you exit early?
When cashout is available
When cashout is available
Usually yes
Sometimes
Are rules shown before entry?
Yes
Yes
Product-dependent
Usually
Is return shown before confirming?
Yes
Yes
Usually
Yes
sooq is not built around guessing what happens behind the screen. The page, price, expiry, source, and result logic should be visible before a user confirms a trade.
Money, risk, and safety.
Every trade carries risk.
You can win if your view is correct, but you can also lose the amount you enter if your view is wrong or if the market moves against you. sooq should make this clear before users confirm a trade.
The platform is designed to show the numbers before action is taken. Before entering, users should see their amount, current price, and estimated return. Before cashing out, users should see the exact cashout value when available.
Your sooq account should also show a record of important balance movements, including deposits, trades, cashouts, settlements, refunds, and withdrawals. Users should be able to understand how their balance changed and why.
Trading should be treated seriously. Do not trade borrowed money. Do not chase losses. Only trade amounts you are comfortable losing.
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Common questions.
These are the questions users usually ask before placing their first trade.
Markets should settle according to the rules and sources shown before trading.
If a result is unclear, the market may enter review. The review should be based on the published market rule, not on personal opinion or a decision made after the market ends.
Cashout may be available before final settlement.
When cashout is available, sooq should show the exact amount before confirmation. Cashout values can change quickly and may not always be available.
Cashout value can change because the market price changes, time passes, volatility changes, liquidity changes, or risk conditions change.
The final cashout amount should always be shown before you confirm.
If a market is voided, eligible positions may be refunded according to the market rules.
Voids should only happen in rare cases, such as unclear outcomes, canceled events, source issues, technical problems, or situations where a fair result cannot be determined.
Yes.
Every trade carries risk. You can lose the amount you enter if your view is wrong or if the market moves against you. Users should only trade amounts they are comfortable losing.
Ready when you are
Understand the rules. Then trade your view.
Before entering any market, check the question, price, expiry, source, and estimated return.
sooq is built to make these details visible before you confirm. Read the rules, understand the risk, and trade only when you are comfortable with the outcome.