1. Choose a market
A market asks a question with possible outcomes, such as Yes/No or several choices.
Beginner guide
How Orda works
Orda is an outcome share market using virtual points only. This guide explains what you buy, how prices move, and what happens when a market resolves.
Virtual points only
Orda points are for gameplay and testing inside Orda. They have no cash value and cannot be withdrawn, sold, or exchanged for money.
The basic flow
A quick guide to virtual points, outcome shares, prices, and market resolution.
2. Select an outcome
Pick the outcome you think is most likely. Each outcome has a current share price.
3. Buy outcome shares
You spend virtual points to buy shares. The lower the price, the more shares you receive for the same points.
4. Prices move over time
Prices and implied probabilities can change as users trade or new information appears.
5. Markets resolve
When the real-world result is known, admins resolve the market according to the Market Rules.
6. Correct shares pay out
Winning shares pay 1 point per share. Losing shares expire at 0.
Important concepts
What are shares?
A share is a virtual position in one outcome. If that outcome wins, each winning share pays 1 point.
What does a 60% price mean?
A 0.60 point share price roughly means the market is showing about a 60% implied chance for that outcome.
Can I lose points?
Yes. If you buy shares in an outcome that does not win, those shares expire at 0.
Can I withdraw points?
No. Orda points are virtual only and cannot be withdrawn or exchanged for money.
Simple example
If you buy 10 shares of Yes and Yes wins, those shares settle for 10 points. If No wins, those Yes shares settle for 0.
Important reminder
Orda is not investment, betting, financial, or legal advice. AI insights and market prices are informational only and never guarantees.
Ready to explore?
Browse markets, compare outcome prices, and start with a small amount of virtual points while you learn.
Start browsing markets