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The Architecture of Event-Based Trading

At its core, the system operates on the principle of binary options, where each contract represents a specific proposition about the future. Traders buy or sell these contracts based on their assessment of the probability that the event will happen. If the event occurs, the contract settles at a full value, typically one dollar, and if it does not, it expires worthless. This creates a direct correlation between the market price and the implied probability of the outcome, making the order book a living barometer of public expectation.

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