> ## Documentation Index
> Fetch the complete documentation index at: https://docs.skepsis.live/llms.txt
> Use this file to discover all available pages before exploring further.

# Skepsis vs binary markets

> How Skepsis differs from yes/no prediction markets like Polymarket.

Binary markets price whether an event happens. Skepsis prices how much, on a continuous range. Different question, different payoff.

|                 | Binary market                            | Skepsis                                       |
| --------------- | ---------------------------------------- | --------------------------------------------- |
| Question        | Will X happen (yes/no)                   | Where does the number land (range)            |
| Payoff          | Fixed, on direction                      | Scales with precision: N / k at uniform prior |
| A near miss     | Wins the same as a blowout               | Pays only for the band that hits              |
| Range exposure  | Stack many binaries; liquidity fragments | One curve, shared liquidity                   |
| One-of-N choice | N separate yes/no books                  | One market, N options, shared depth           |
| Hedging fit     | Basis risk vs real exposure              | Hedge the band the exposure lives in          |
| Resolution      | Varies, some discretionary               | Chainlink numerical feed, time-gated          |
| Listing         | Often permissionless                     | Curated                                       |

## When binary is the right tool

If your view really is binary, will this happen or not, a binary market fits. Skepsis is for outcomes that are numbers, where direction is not the whole story and magnitude is the point.