Welcome to the Toronto Prediction Exchange
The Toronto Prediction Exchange (TPX) is a platform where you can trade on the outcomes of real-world events. Buy shares if you think something will happen, or sell if you think it won't. Prices reflect the collective wisdom of all traders.
How It Works
Each market asks a yes-or-no question about a future event. Shares are priced between 1¢ and 99¢. When the event resolves, winning shares pay out $1.00 each, while losing shares become worthless.
- If you buy YES shares at 60¢ and the event happens, you profit 40¢ per share
- If you buy NO shares at 40¢ and the event doesn't happen, you profit 60¢ per share
- You can sell your shares anytime before resolution if you change your mind
Learn More
The Order Book
Learn how limit orders work and how prices are discovered through supply and demand.
Marriage & Divorce
Understand how opposing YES and NO orders are matched to create new shares.
Toxic Order Flow
Explore market integrity, information asymmetry, and insider trading policies.
Regulation
Read about the legal and regulatory context for prediction markets in Canada.