> For the complete documentation index, see [llms.txt](https://seer-2.gitbook.io/seer/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://seer-2.gitbook.io/seer/prediction-market-basics.md).

# Prediction Market Basics

In this section, we’ll state the basic functioning of prediction markets, if you are already familiar with those, feel free to skip this section.