One of the more common messages we get about prediction markets is some version of this: I understand the general idea, but I don't know what half these words mean, and at this point I feel dumb asking.
You're not dumb. This space stole its vocabulary from three places at once: financial exchanges, sportsbooks, and crypto. Nobody ever translated it. So new traders get dropped onto a trading screen full of confusing terms, lose money on something they didn't understand, and quietly leave.
That's the actual problem. In our user interviews, the people who quit almost never quit because their side lost. They quit because they got confused, felt foolish, and didn't come back. This is article is what we wish all of those people had before jumping into prediction markets.