> For the complete documentation index, see [llms.txt](https://polymarketguide.gitbook.io/polymarketguide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://polymarketguide.gitbook.io/polymarketguide/markets/structure/question-types.md).

# Question Types

Polymarket questions can be structured in three main ways. Each structure determines how the outcomes are presented.

### Yes/No

Most Polymarket questions are **Yes/No**. You trade on whether an event occurs.

*Examples*:

* *Russia x Ukraine ceasefire by end of 2026?*
* *Presidential Election Winner 2028 (JD Vance)*
* *Top Spotify Artist 2026 (Bad Bunny)*

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2Fx5CMfy0miiwsT8i7HRTB%2Fimage.png?alt=media&amp;token=51755bac-8b5d-4ea6-ae6f-b1fd5aebd53e" alt=""><figcaption></figcaption></figure>

### Either/Or

In **Either/Or** markets, you trade on one of two competing options.

*Examples*:

* *Warriors vs. Lakers*
* *Giants vs. Broncos*
* *Hawks vs. Magic Spread (1.5)*

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2F1xQxq4IjDrJfvoMCZhIK%2Fimage.png?alt=media&amp;token=5173cc87-b5a9-4de3-949a-6cea8a90636f" alt=""><figcaption></figcaption></figure>

### Up/Down

In **Up/Down** markets, you trade on whether a value ends up higher or lower than a **set value**.

*Examples*:

* *Bitcoin Up or Down October 20, 11PM ET*
* *Trump approval Up or Down this week?*
* *Warriors vs. Lakers: O/U 229.5*

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2FW1xGu3QoX6yMl9rqRxdQ%2Fimage.png?alt=media&amp;token=d76b00e2-e07e-4940-8190-2842ee1c53aa" alt=""><figcaption></figcaption></figure>

### Single vs. Multi-Outcome

Single-outcome markets can use any of the three question types: Yes/No, Either/Or, or Up/Down.

Multi-outcome markets are presented as a group of Yes/No outcomes.

#### Multiple Markets

An **event** groups multiple related markets.

*Example*: In *Buccaneers vs. Lions*, there are separate markets for:

* **Moneyline (Either/Or):** Who will win: Buccaneers or Lions?
* **Spread (Either/Or):** Who will cover the spread: Buccaneers or Lions?
* **Total (Up/Down):** Will the total points be over or under the set line?

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2Fe4isyHLoiPqxzpUbquLs%2Fimage.png?alt=media&amp;token=3b1bdafb-e00b-4a21-8b87-8480369626e7" alt=""><figcaption></figcaption></figure>