Each market asks a question and lists an outcome for each answer. A share in an outcome pays $1 if it happens and $0 if it does not, so a price of 30¢ means traders give it about a 30% chance.

Each 5-minute round compares the Chainlink 60-second average price (TWAP) for the coin at the end of the round with the same price at the start, the Price to Beat. Up wins if the end price is equal or higher. Other exchanges and oracles are not used.

Yes. You can sell your shares at the current price at any time before the market closes. Holding to the end pays $1 per share if your outcome wins.

Traders do. Prices come from supply and demand on an on-chain order book and automated liquidity, not from Limitless. The odds on each market are the current price of each outcome.

Yes. Resolved markets stay published with their final result, so you can open any past 5-minute crypto market and check its outcome.