Qalla is a prediction market that allows you to predict the outcomes of real-world events and make money if you’re right. Whether it’s sports, politics, finance, music, crypto, or entertainment, you can predict the outcome of events and get a cash payout if it eventually happens.
Event outcomes are represented by “yes” or “no.” You pick a side representing your belief in an outcome. For example, Will HEIS win the Best Global Music Album Grammy Award? You can only pick Yes or No as one of the outcomes of this event.
TL;DR
- Qalla is a prediction platform that allows you to trade on outcomes of real-world events and make money if you’re right.
- Event outcomes are represented by two variables “yes” or “no.” You pick a side representing your belief in an outcome.
- Each share price reflects the current market predictions.
- If your prediction is correct, the share will pay out at $1 per share. If you’re wrong, the share becomes worthless.
How does Qalla by GoWagr Work?
Qalla by GoWagr operates similarly to a stock market, where you buy and sell “shares” representing your belief in an outcome. For every event, there are two types of shares:
- “Yes” Shares: Represents belief that the event will happen.
- “No” Shares: Represents the belief that the event won’t happen.
Each share has a price that reflects the current market probabilities. For example, if a “Yes” share costs 60 cents, the market predicts a 60% chance that the event will occur and a 40% chance that the event will not occur.
You can sell these shares at any time before the event ends. If your prediction is correct, the share pays out at $1 per share. If you’re wrong, the share becomes worthless.
For example, you spend $60 to buy 100 Yes shares at 60 cents each for the event “Will HEIS win the Best Global Music Album Grammy Award?”
If the event occurs and HEIS wins the Best Global Music Album Grammy Award, your 60-cent shares become $1 and you get a profit of $40 and a payout of $100.
The key is to buy shares at the right price and sell them for a profit or hold until the event concludes.
NOTE: Qalla by GoWagr does not set the share prices. It is solely based on the buy and sell activity of other users based on market behavior.
Understanding Shares
Shares on Qalla by GoWagr represent your belief in an outcome. When you buy a “Yes” share, you’re essentially saying, “I think this will happen.” When you buy a “No” share, you’re saying, “I don’t think this will happen.”
Each share pays out $1 if your prediction is correct. For example:
- If you buy 10 “Yes” shares for 60 cents each and the event happens, you’ll receive $10. Your profit is $4 (since you paid $6 for the shares).
- If the event doesn’t happen, you lose the $6 you invested.
Shares are how you predict the outcome of events on Qalla. Understanding how it works will help you succeed.
How You Make Money on Qalla by GoWagr
There are two main ways to make money on Qalla by GoWagr;
- Buying and selling shares:
- Buy shares when prices are low and sell them when prices rise. For example, if you buy “Yes” shares at 50 cents and sell them at 80 cents, you make a 30-cent profit per share.
- Holding until the event ends:
- If your prediction is correct, you receive $1 per share. For instance, if you buy 20 “Yes” shares at 70 cents and the event happens, you’ll earn $20, with a $6 profit.
The more accurate your predictions and timing, the more you can earn.
Getting started on Qalla by GoWagr is easy!
- Sign up or update your GoWagr app and log in.
- Browse through the events till you find what interests you.
- Buy “yes” shares if you think something will happen or “no” shares if you think it won’t.
- Receive cash payout if you’re correct.
Don’t just wait for events to happen. Predict the outcome and win cash payouts if you’re right.
With Love,
Team GoWagr💙
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