Polymarket: Market criteria

Outlining what type of markets can be listed

Market criteria

• Market type: Binary (Yes/No) only — no multi-choice markets in Beta

• Tenor: 6+ months to expiry at time of listing

• Selection: Only top-attention / top-volume Polymarket markets (curated list; see dashboard)

  These markets inherit Trove’s standard risk controls (OI caps, leverage bands, circuit breakers) and funding mechanics

Why these constraints exist (technical)

Binary-only (Beta) Binary markets map cleanly into a single scalar price. This matters because the perp mark/oracle system assumes the instrument can be represented as one continuously tradable number.

6+ month tenor Longer tenor avoids “micro-expiry behavior” dominating funding. It also gives the market time to build depth so the Mark price becomes meaningful, rather than being purely validator-driven.

Top attention / top volume This isn’t marketing—this is about oracle integrity and execution quality. A thin underlying venue increases:

• midpoint instability (wider books)

• staleness frequency

• outlier probability on prints Which then forces heavier guardrails and reduces usable leverage bands.

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Contract model

Field	Definition
Instrument	Linear, USD-quoted binary perp (0–100 pricing, where 100 ≈ “YES wins”)
Quote	USDH (cash-settled)
Payout intuition	Profit scales with change in implied probability (price points)
Funding	Paid every 1 hour based on Mark vs. Oracle premium (see below)
Leverage	Up to 5× (subject to market-specific bands)

A price of $62.0 on Trove corresponds to a 62% implied probability of the “YES” outcome.

Linear PnL intuition (probability points)

Because the instrument is quoted 0–100, PnL is easiest to reason about in price points:

• Move from 62 → 67 is +5 points

• Your PnL scales linearly with that move (subject to position size)

This keeps the perp leg consistent with “probability markets” while still using standard perp mechanics (mark price, funding, margining, liquidation bands).