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LEARNMechanics3 min read

How prices move on Morfi

On Morfi, every side of a debate has a live price. Backing a side pushes its price up; selling pushes it down. The price moves continuously with demand — so it always shows where the crowd is leaning right now, and any debate can be traded from the moment it goes live.

Browse marketsPropose a debate

On this page

  1. 01The price moves with the crowd
  2. 02Why there is always a price to trade at
  3. 03Prices move both ways

The price moves with the crowd

Think of each side of a market as having a price tag that updates in real time. When more people back a side, its price climbs. When people sell out of it, its price drops. Nothing is frozen — the price is a live read on conviction.

That live price is also the signal the market uses to decide a winner. The side that holds the lead long enough is the one the crowd has backed the most.

Why there is always a price to trade at

On many trading venues you need someone to take the other side of your trade. On a quiet market that means waiting, wide spreads, or no trade at all — which is why those venues stick to a few popular topics.

Morfi prices each side automatically from demand instead. There is always a price to buy or sell at, so a brand-new market on a niche debate feels just as smooth to trade as a flagship one. (The mechanism behind this is called a bonding curve — but you never have to think about it.)

Morfi insight

Liquidity is built in. Any debate can be traded the second it goes live — no waiting for someone to take the other side.

Prices move both ways

Because the price tracks demand, it can fall as easily as it rises. If the crowd shifts away from a side you hold, the value of what you hold falls with it.

That is the honest trade-off of a live market: the same responsiveness that lets you back a rising side also means a side can cool off. Back what you believe in, and only with what you are comfortable putting at risk.

FAQ

Frequently asked questions

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Related guides

  • How markets resolve
  • What is an opinion market?
  • How you get paid
  • Browse live markets
Read the full guide in the docsGo deeper on the mechanics at docs.morfi.markets

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