Event contracts are a new type of trading product from Binance that lets you predict and bet on the outcomes of specific events. For example, "Will BTC break a certain price before a certain date?" -- get it right and you profit, get it wrong and you lose.
Register on Binance to try event contracts. We recommend downloading the Binance App to browse the latest event contracts.
How Event Contracts Work
Each event contract poses a clear question, such as "Will BTC reach 70,000 USD before this Friday?" You can choose "Yes" or "No" to place your bet.
Each option has a price that reflects the market's assessment of the probability of that outcome. If "Yes" is priced at 0.6 USDT, the market believes there's a 60% chance it will happen.
If you buy "Yes" and the final result is indeed "Yes," you receive 1 USDT per contract (your profit is 1 - 0.6 = 0.4 USDT). If the result is "No," you lose the 0.6 USDT you invested.
How Is It Different from Futures Trading
Traditional futures trading is a continuous bet on price direction, where profits and losses scale with price movements.
Event contracts are binary -- there are only two possible outcomes: right or wrong. Profits and losses are fixed.
Event contracts are simpler and more intuitive. No need to set take-profit or stop-loss levels, and there's no liquidation risk.
How to Participate
In the Binance App, find the event contracts section (it may be under futures trading or more services). Browse the currently available events, select one you want to participate in, choose "Yes" or "No," enter your purchase quantity, and confirm your order.
What Types of Events Are Available
Price-based: Whether a certain coin will reach a certain price by a certain time.
Market cap-based: Whether a coin's market cap will exceed a certain number.
Industry-based: Whether a certain regulatory policy will pass, etc.
The specific events available depend on what the platform currently displays.
Risks
The maximum loss on an event contract is the amount you invested -- nothing more. But there's still a possibility of losing 100% of your investment.
Don't treat it as a "guaranteed win" product. If your prediction is wrong, the money you invested is gone. We recommend participating with small amounts and treating it as an entertaining market prediction tool.
How Is It Different from Gambling
Event contracts are similar to prediction markets -- they're based on real market events and data. But fundamentally, if you have no information advantage and bet randomly, the effect is indeed similar to gambling. We recommend only participating when you have a clear view on an event.