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Event Contract

A financial agreement where the payout is determined by whether a specific future event, like an election win, actually happens.

Hedging

A strategy used to limit or offset potential financial losses from future risks, similar to an insurance policy for an investment.

Prediction Market

An online platform where people trade 'shares' in the outcome of future events; the price of the share acts as a forecast of the event's probability.

Commodity Exchange Act

The main federal law that sets the rules for how commodities, futures, and other complex financial products are traded in the U.S.

Registered Entity

A trading platform or exchange that has been officially approved and is monitored by federal financial regulators.