Each market is based on the outcome of an event that either will happen or not happen before an end time (e.g. Michigan will win the CFP by 01-09). If the event does occur, then each share will be worth $9.99, and if it doesn't occur it will be worth $0.00. But while the event has not reached its end, the price will be based on the trades somewhere between those limits. If you are confident that the event will occur, then you should offer a bid (offer to buy) somewhere above $5. Likewise, if are confident the event will not occur, the you should offer an ask (offer to sell) somewhere below $5. You don't have to make your own offers if you would prefer to accept an existing offer from another trader, at which point a trade would occur immediately. You can sell even if you don't own shares, because you are actually agreeing that you can sell at that price when the event ends (after buying for $0.00 or $9.99, depending on the event outcome). You can make as many offers and trades as you want, and at any time up until the end of the event. It is fun to watch the price changes througout time as the markets actually predict the outcome.
All activities (including making offers) are free except that when a trade actually occurs, there is a $0.10 trading fee for both the buyer and seller.
Questions? call/text 804-399-eight-zero-six-(number of lives a cat has)