Full guide

How Delta Play works

Prediction markets, probabilities, shares, payouts, grouped events, resolution and settlement. Start here if you want the fundamentals rather than just the quick walkthrough.

Browse markets
01
Start with free Delta Coins
A verified Delta Play account currently receives 10,000 free coins. They are participation units for the free-play product, not cash or an investment.
02
Read prices as probabilities
A displayed price such as 0.68 means the market is implying about a 68% chance. Yes and No add to 1.00 in a simple binary market.
03
Compete in weekly rounds
Delta Play is being designed around weekly competitions, resolved forecasts and leaderboard performance. Prediction placement and scoring will be enabled in stages with published rules.
The basic idea

Delta Play is a prediction-market game. A market asks a precise question with published resolution rules, for example: “Will the RBA change the cash rate at its next meeting?”

You take a position by choosing an outcome. If your prediction is correct when the market resolves, your winning shares settle at 1.00 Delta Coin each. If it is wrong, they settle at 0.

Prices are probabilities

Prices are shown from 0.00 to 1.00. A Yes price of 0.68 means the market is implying about a 68% chance of Yes.

YES

0.68

Market implies 68%

NO

0.32

Other side is 32%

If you think the real chance is higher than the displayed Yes price, Yes may be attractive. If you think it is lower, No may be attractive.
Finding value

The aim is not just to pick the most likely outcome. The aim is to find a price that looks wrong compared with your own estimate.

Displayed Yes price0.68
Your estimate0.80
ReadYou think Yes is underpriced

That does not guarantee a win. It means the offered price is below your estimate, so repeated good forecasts like this should be positive over time.

A likely outcome can still be a bad prediction if the price is too high. An unlikely outcome can be worth considering if the price is too low.
Shares and position size

You can buy more than one share. More shares means a larger position: bigger upside if you are right, and more coins at risk if you are wrong.

Displayed Yes price0.68
Shares bought10
Entry cost10 × 0.68 = 6.8 coins
Position10 Yes shares
Worked example: buying Yes

Each winning share settles at 1.00 coin. Your gain is the final payout minus what you paid to enter.

Buying Yes at 0.68

Entry10 Yes shares × 0.68
Cost−6.8 coins
If Yes wins10 shares settle at 1.00+10.0 payout
Net if correct10.0 − 6.8+3.2 coins
If No wins10 shares settle at 0−6.8 coins
You are risking 6.8 coins to potentially receive 10.0 coins back. The maximum gain is 3.2 coins; the maximum loss is the 6.8 coins spent.
Worked example: buying No

The No side works the same way. If Yes is 0.68, No is 0.32 in a simple binary market.

Buying No at 0.32

Entry10 No shares × 0.32
Cost−3.2 coins
If No wins10 shares settle at 1.00+10.0 payout
Net if correct10.0 − 3.2+6.8 coins
If Yes wins10 shares settle at 0−3.2 coins
Lower-priced shares cost less, but they usually represent outcomes the market thinks are less likely.
What happens before resolution?

Today Delta shows indicative probabilities while live trading is still disabled. The intended model is that prices can move as new information arrives and people change their forecasts.

Once trading exists, a position page should show what you entered, how many shares you hold, the current indicative value, and what happens if the market resolves for or against you.

Enter

Buy 10 Yes shares at 0.68.

Track

See position size, entry cost and current estimate.

Close

Market stops accepting new predictions.

Settle

Correct shares pay 1.00 each; incorrect shares pay 0.

This is play-money product copy. Production trading, fees, selling, voids and prizes still need final rules before they can become executable.
Grouped events

Some questions have multiple possible outcomes, like who wins an election or which category finishes first. Delta shows those as grouped events.

Each outcome still behaves like its own prediction. In an exclusive event, only one outcome can ultimately resolve Yes, but you can inspect and save each outcome separately.

Labor majority0.41
Coalition majority0.34
Hung parliament0.25
Grouped events are useful because they keep related outcomes together instead of scattering them across the app.
Resolution and settlement

Every market needs clear resolution criteria, an official source where possible, and a fallback rule. Those rules matter more than vibes or headlines.

Open

The market accepts predictions while it is open.

Closed

No new entries after the close time.

Resolved

The published rules determine which shares settle at 1.00.

If the rule says the official source decides the result, that source is what matters. Screenshots, social posts, or commentary should not override the published rule.
How you win

Delta Play rewards accurate forecasts. Correct settled positions improve your score; incorrect positions lose the coins spent on those shares.

The useful mental model is simple: find markets where your estimate differs from the displayed probability, size the position responsibly, and let the published rules decide the result.

Common mistakes
Confusing likely with good valueA 0.90 outcome can be overpriced if you think the real chance is only 0.75.
Ignoring the resolution ruleThe question wording and source decide settlement, not what feels broadly true.
Sizing every prediction the sameA stronger edge can justify a larger position; a marginal view should usually be smaller.
Treating Delta Coins as cashDelta Coins are non-cash game units unless future approved rules say otherwise.