# 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.timeless.market/getting-started/quickstart.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.