API Quickstart
Useful Definitions
| Term | Definition |
|---|---|
| Token | A token represents a stake in a specefic Yes/No outcome in a Market. The price of a token can fluctuate between 1 based on the market belief in the outcome. When a market resolves, the token associated with the correct prediction can be redeemed for $1 USDC. |
| Market | A single event outcome. Corresponds to a pair of CLOB token IDs(Yes/No), a market address, a question ID, and a condition ID. |
| Event | A collection of related markets grouped under a common topic or theme. |
| SLUG | A human readable identification for a market or event. Can be found in the URL of any Polymarket Market or Event. |
| Negative Risk (negrisk) | A group of Markets(Event) in which only one Market can resolve as yes. For more detail see Negrisk Details |
| Central Limit Order Book | The off-chain order matching system. This is where you place resting orders and market orders are matched with existing orders before being sent on-chain. |
| Polygon Network | A scalable, multi-chain blockchain platform used by Polymarket to facilitate on-chain activies(contract creation, token transfers, etc) |