Dear Users,
To further enrich trading scenarios and meet users’ diverse trading needs, BingX has launched EventX.
The first batch supports mainstream events in politics, sports, and other major fields. You can trade around global trending events.
Web: Try it now
App: Please update to version 4.83.0 or higher (app store availability may vary, please wait patiently).
1. What is EventX
EventX event contracts are a new trading product from BingX that let you trade around global hot events like politics and sports. Every event you follow can become a trading opportunity.
EventX supports both Leverage and Markets (Classic mode), allowing users to choose flexibly based on their risk preferences.
Core mechanism of event contracts: Probability equals price.
The price of an event contract reflects the market’s expected probability of the event occurring; users are effectively trading the market’s changing expectations about the event outcome.
Event probability from 0% to 100% corresponds to a price range from 0.00 to 1.00.
Higher market confidence in an outcome leads to a higher probability and price.
Lower market confidence in an outcome leads to a lower probability and price.
Prices reflect the market consensus on the likelihood of an event occurring. For example, if an event's price of "Yes" is 0.75, the market estimates a 75% chance of that outcome happening. If the event occurs, users trading "Yes" profit. If it does not occur, users trading "No" profit.
2. What are the advantages of EventX
1. World’s first leverage mode
Up to 10x leverage to amplify returns and improve capital efficiency.
2. Limited-time 0 fees
Enjoy 0 trading fees during the public beta period to reduce trading costs.
3. Start with $1, low entry threshold
Open a position with as little as $1. No complex steps required, so beginners can participate quickly.
4. One-stop coverage of multiple event categories
Covering events across multiple global fields—every major event you follow is a trading opportunity.
3. What’s the difference between “Markets” and "Leverage" sections
Markets |
Leverage |
|
|---|---|---|
Who it's for |
Beginners / conservative users |
Advanced traders |
How trading works |
Final result of the event |
Trade short-term fluctuations in event probability |
Leverage |
No leverage |
Supports leverage, up to 10X |
Funding rate |
None |
Yes |
Settlement method |
Hold to expiration for auto settlement, or sell early |
Close manually, or the system will automatically close your position at the auto-close time |
4. How EventX works
EventX turns real-world events into tradable instruments. Each event normally has a clear outcome. You can choose “Yes” or “No” based on your judgment: if you think the event will occur, trade “Yes” (long); if you think it will not occur, trade “No” (short).
Event prices fluctuate between 0.00 and 1.00 USDT and directly correspond to the market’s expected probability of occurrence (0%–100%). For example, a price of 0.4 means the market believes there is a 40% chance the event will occur.
In the Markets section (classic mode), hold positions until settlement; the winning side receives 1.00 USDT per share, and the losing side receives 0. The leveraged mode supports up to 10× leverage for trading short-term probability swings. Both modes allow you to buy or sell to exit at any time before event settlement/auto-close, without needing to hold until final settlement/close.
EventX’s event design uses the external, established prediction market Polymarket as a reference. At event settlement, EventX will refer to Polymarket’s final result for the corresponding event and its related adjudication rules as the core basis.
Notes:
- The multilingual translations of the product page rules may differ; if there are any discrepancies, the English original prevails.
- The resolution source will determine whether a dispute is needed. If a dispute is triggered, the process will follow the dispute resolution procedure accordingly, which may result in a delayed settlement.
For more details, please refer to:
EventX Compliance & Regional Restrictions