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Explainer · live examples updated October 6, 2026, twice a day
Multi-outcome markets — who wins an election, which team takes a title, which range a number lands in — list many possible answers. Polymarket runs each answer as its own yes/no market, and exactly one of them resolves Yes.
That is why the prices of all outcomes add up to about $1: together they cover every possibility. Buying “No” on a favourite is a bet that any other outcome wins.
No change 81.5% · 5 live outcomes · $1.21M traded in 24h
Rules excerpt from Polymarket: “The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's October 2026 meeting. If the …”
Marine Le Pen 42.5% · 42 live outcomes · $1.05M traded in 24h
Rules excerpt from Polymarket: “The next French presidential election is currently expected to be held around April 2027. This market pertains to the outcome of the next French presidential election, regardless of whether it follows the scheduled end of the current term or is held earlier. The President of France is elected via a two-round system; a candidate must secure over 50% of the vote to win outright in the first round. If no candidate …”
Harry Kane 47.4% · 19 live outcomes · $780.5K traded in 24h
Rules excerpt from Polymarket: “This market will resolve according to the winner of the 2026 Ballon d’Or. If no 2026 Ballon d’Or winner is declared by December 31, 2026, 11:59 PM ET, this market will resolve to "Other". The primary resolution source for this market is official information from France Football (https://www.francefootball.fr/).”
The rules text on each market is what decides the outcome. Our market pages summarise it under “How this market resolves”, and how Polymarket resolves markets explains proposals, disputes and payout times.
Live odds: 2028 Presidential Election odds · NFL odds · Awards odds
Work it out: overround calculator.
Because exactly one of them will resolve Yes; each outcome's price is its probability, so the probabilities together cover every possible result (spreads make the sum drift slightly above 100%).
Yes — buy its “No” share, which pays $1 if any other outcome wins.
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