# Prediction Markets

### Prediction Markets

A permissionless binary options pool where users bet on index movements:

* Simple Up/Down betting on index performance
* Dynamic odds that adjust with each new bet
* Daily settlement and payout structure
* No barriers to entry for participants
* Transparent pool mechanics and pricing
* Automatic daily settlements to winners

<div data-full-width="false"><figure><img src="https://3567796397-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHOSXYNHPloyV4NjErp8N%2Fuploads%2FiBFS011xg9Zd4pkNQR4K%2FScreenshot%202025-01-22%20at%2017.57.17.png?alt=media&#x26;token=1534f893-0228-43e7-8f43-828388f1c76b" alt=""><figcaption></figcaption></figure></div>

{% hint style="success" %}
The prediction market testnet is now live! Head to the [V1 Guide](https://index-fun.gitbook.io/start/core-features/broken-reference) to test
{% endhint %}
