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LEARN

Opinion markets, explained

An opinion market is a live debate you back with money. You take a side, the price moves with the crowd, and when one side holds the lead long enough the market agrees on a winner — no referee. Winners share a prize pool, and the winning side graduates into a token. These plain-English guides walk through every step.

Browse marketsPropose a debate
HOW IT WORKS

From a debate to a payout

  1. 01Propose

    Anyone can propose a debate.

  2. 02Back a side

    Put money behind the side you believe in.

  3. 03Prices move

    The price tracks where the crowd is leaning.

  4. 04The market agrees

    One side holds the lead — the crowd decides.

  5. 05Prize pool

    Winners split the pool by what they hold.

  6. 06Graduate

    The winning side becomes its own token.

CORE CONCEPTS

Start here

  • 01

    What is an opinion market?

    Back your view on a debate. The crowd decides the winner — not a referee. Start here.

    Read guide
  • 02

    Opinion markets vs prediction markets

    One waits for a real-world result; the other lets the crowd decide. Two different categories.

    Read guide
  • 03

    How prices move

    Backing a side pushes its price up; selling pushes it down — with liquidity from day one.

    Read guide
  • 04

    How markets resolve

    When one side holds the lead long enough, the market agrees on a winner. No referee.

    Read guide
  • 05

    How you get paid

    Winners split a prize pool by how much of the winning side they hold when a market settles.

    Read guide
  • 06

    Graduation: when a market wins

    The winning side becomes its own tradable token with a live price you can keep holding.

    Read guide
  • 07

    How a market is born

    Anyone proposes a debate; the community backs it; it goes live on its own. No gatekeepers.

    Read guide
  • 08

    Is opinion trading gambling?

    An honest look at the risk: you back a view with money, and prices can fall as well as rise.

    Read guide
BROWSE BY TOPIC

Markets by category

  • 🏛️Politics
  • ⚽Sports
  • 🪙Crypto
  • 💰Finance
  • 💻Technology
  • 🎬Entertainment
  • 🎵Music
  • 🎭Culture
COMPARE

Morfi vs the alternatives

  • 01

    Morfi vs Polymarket

    Should-X debates the crowd decides vs will-X events settled by a referee. When each fits.

    Read guide
  • 02

    Morfi vs Kalshi

    Opinion markets vs CFTC-regulated event contracts. When each platform is the right venue.

    Read guide
  • 03

    Morfi vs Manifold

    Real money on every debate, with prize-pool payouts, vs play-money forecasting.

    Read guide
  • 04

    Morfi vs Limitless

    Subjective debates the crowd decides, with graduation, vs fast yes/no event markets.

    Read guide
  • 05

    Morfi vs pump.fun

    Back a side of a debate that can graduate into a token — not just launching coins.

    Read guide