Case Studies

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 bet on whether an event occurs.

Examples:

  • Russia x Ukraine ceasefire by end of 2026?

  • New York City Mayoral Election (Zohran Mamdani)

  • Top Spotify Artist 2025 (Bad Bunny)

Either/Or

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

Examples:

  • Warriors vs. Lakers

  • Giants vs. Broncos

  • Hawks vs Magic Spread (1.5)

Up/Down

In Up/Down markets, you bet on whether a value will end up higher or lower than a set number.

This category also includes Over/Under and Higher/Lower markets, which follow the same structure.

Examples:

  • Bitcoin Up or Down October 20, 11PM ET

  • Trump approval Up or Down this week?

  • Warriors vs. Lakers: O/U 229.5

Single vs. Multi-Outcome

In single-outcome markets, the question can take any of the three forms: Yes/No, Either/Or, or Up/Down.

In multi-outcome markets, Either/Or does not apply, since it represents a single comparison.

Multiple Markets

Some events can have multiple related markets.

Example:

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

  • Moneyline (Either/Or): Who will win: Buccaneers or Lions?

  • Spreads (Either/Or): Who will cover the spread: Buccaneers or Lions?

  • Totals (Up/Down): Will the total points be over or under the set line?

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