The prediction market for serious sports traders

MagicMarkets FAQs

What is MagicMarkets?

MagicMarkets is a sports prediction market. You see the whole market in one book and your order fills at the best available price on it, rather than at whatever the first price on offer happens to be.

How is a prediction market different from a bookmaker?

A bookmaker sets its own prices and builds a margin into them, and closes accounts that win too often. On a prediction market you take a position against other traders, you can sell an outcome as well as buy it, and you can close before the event settles. MagicMarkets applies no limits and closes no accounts for winning.

What does MagicMarkets charge?

Zero commission. No fees, no cuts and no platform skimming on an order — the price you place is the price you get. MagicMarkets charges nothing on deposits or withdrawals either, though a third-party onramp or network fee may apply.

What does it mean to buy or sell an outcome?

Buying an outcome means taking the position that it happens. Selling means taking the other side, that it doesn't. Every trade needs a buyer and a seller, which is what sets the price.

How do I read prices in cents?

A price is the market's estimate of how likely an outcome is, shown in cents out of 100. An outcome trading at 55.5¢ is being priced as a 55.5% chance. You can set the price format you prefer in your account.

Can I close a position before the event settles?

Yes. Buying an outcome and later selling it, or selling and later buying it back, closes the position at the current price. You take the price movement rather than waiting on the result.

Which sports can I trade on MagicMarkets?

Soccer, basketball, tennis, cricket, ice hockey, eSports and more. The book on the home page shows what the market is most active on right now, and the in-play page lists every event trading live.