# Polymarket: Market criteria

### **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)

  <div data-gb-custom-block data-tag="hint" data-style="info" class="hint hint-info"><p>These markets inherit Trove’s standard risk controls (OI caps, leverage bands, circuit breakers) and funding mechanics</p></div>

<figure><img src="https://2332743410-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZyVKNb0vMDEPrb614um0%2Fuploads%2FLIAHRxROEB6Yt6Q0dCeH%2Fimage.png?alt=media&#x26;token=8119ba87-bcb3-49f7-87f7-46d8f3659116" alt=""><figcaption></figcaption></figure>

#### 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.

***

#### 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).


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://learn.trovemarkets.com/trove-x-polymarket/polymarket-market-criteria.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.