# Prediction Markets

> Prediction markets on Somnia: venues for trading the outcome of real-world events, settled by the Somnia Oracle in USDso. Prophecy Pulse is the first, coming soon.

A prediction market trades the outcome of a question: a YES contract pays out if the answer is yes and a NO contract if it is no, so a contract's price reads as a probability. What a winning contract pays, the venue's settlement fee and what a voided market pays are in [binary event contracts](/markets/event-contracts). On Somnia they run on the same onchain order books as every other market, as [binary event contracts](/markets/event-contracts) resolved by the [Somnia Oracle](/data/somnia-oracle) and settled in [USDso](/settlement/usdso).

| Product | Status | What it is |
| --- | --- | --- |
| [Prophecy Pulse](/prediction-markets/prophecy-pulse) | Coming soon | Prediction markets on Somnia |

To build a prediction venue today, use the [Markets SDK](/markets/somnia-markets) with binary markets: see [Somnia Venues](/markets/venues).

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