> For the complete documentation index, see [llms.txt](https://docs.timeless.market/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.timeless.market/getting-started/quickstart.md).

# What is Timeless Market?

Timeless Market enables anyone to trade on the outcome of real-world and on-chain events through simple “Yes” or “No” shares - creating an open, decentralized prediction and risk market. Users can buy shares representing the probability of an outcome.

> For example, purchasing a “Yes” share in “BTC will reach $100k by 2025” at $0.25 implies a 25% market-assessed chance that the event will happen. If the prediction resolves true, each “Yes” share settles at $1, while losing shares expire worthless - offering a potential return of up to 4x in this case.

Each market is collateralized through on-chain smart contracts. Before resolution, 1 “Yes” + 1 “No” share in a given market can always be redeemed together for 1 collateral token, ensuring the system remains fully backed and risk-balanced. Collateral tokens - typically USD1 - are locked within the protocol to provide transparent settlement and instant liquidity for all participants.