> ## Documentation Index
> Fetch the complete documentation index at: https://docs.foresight.now/llms.txt
> Use this file to discover all available pages before exploring further.
# Market Types
> Foresight supports two primary market types: Single markets and Multi markets. Each type defines how outcomes are structured and how resolution timelines behave.
## Single Markets
A **Single market** contains one standalone prediction with a fixed set of outcomes.
Single markets typically:
* Present a clear outcome structure, such as **Yes / No**.
* Resolve as a single event with one final outcome with a possiblility of a **Tie / Draw** outcome depending on the market.
* Have one lifecycle and one resolution state.
Single markets do not contain submarkets.
## Multi Markets
A **Multi market** groups multiple related submarkets under a single market umbrella. Each submarket represents its own independent prediction.
In a multi market:
* Each submarket operates independently.
* Submarkets may enter different states (Open, Paused, Resolved) at different times.
* Each submarket can resolve separately based on its own conditions.
The timeline shown at the top of a multi market reflects the **latest possible resolution date** across all submarkets. Some submarkets may resolve earlier.
The primary difference from single markets is that multi markets organize several related predictions within one grouped experience.
Always review each submarket individually for its status and resolution timing.
***
## Trading Mechanisms
In addition to market structure, Foresight supports two different **trading mechanisms**: AMM and CLOB.
These determine **how trades are executed**, not what the market predicts.
***
### AMM (Automated Market Maker)
AMM markets use a **liquidity pool** to facilitate trading.
* Users trade directly against the pool
* Prices adjust automatically based on supply and demand
* Trades are always executable as long as liquidity exists
* No need to wait for another user to take the opposite side
This is the **default trading experience**.
***
### CLOB (Central Limit Order Book)
CLOB markets use an **order book system**, where users trade by placing orders that are matched with other traders.
* Users place **Buy or Sell orders** at specific prices
* Orders are listed in the **order book (Bids and Asks)**
* Trades only execute when matching orders are available
* Supports:
* Market orders (instant execution at best available price)
* Limit orders (set your own price)
* Split and Merge operations
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#### Order Book & Trading Interface
The interface includes:
* **Order Book**
* Displays active **bids (buyers)** and **asks (sellers)**
* Shows price levels, available shares, and total value
* **Open Orders**
* Displays your active orders
* Shows filled amount, total size, and order status
* **Price Chart**
* Tracks market price movement over time
* **Position Summary**
* Displays purchased positions and current P\&L
***
#### Split & Merge
CLOB markets allow users to **convert between USDC and position shares**:
* **Split**
* Convert **1 USDC → 1 Yes + 1 No**
* Useful when:
* You want to create both sides of a position
* You want to sell one side while keeping the other
* You want to access liquidity more efficiently
* **Merge**
* Convert **1 Yes + 1 No → 1 USDC**
* Useful when:
* Exiting positions without relying on the order book
* Avoiding slippage or illiquid markets
These functions allow users to manage positions even when there are no matching orders available.
***
Unlike AMM, trades are not guaranteed to execute immediately — they depend on market liquidity and matching orders.
CLOB gives you full control over pricing, while Split/Merge ensures you can always enter or exit positions even without liquidity.