Trade the truth.

Understand what prediction markets mean

Illustrative footage; actual market quotes when available

Zena News

News. Market expectations. Your world.

The latest edition

Reading the reporting and market questions…

Stories, their sources and related contracts will appear together.

Open Zena News

Markets

Follow what matters now.

Real questions. Venue prices. Pick a contract to read the outcomes, history and conditions behind it.

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For institutions

A deeper view for your desk.

Bring your team’s trading or research question. Explore fair value, price risk and what prediction markets imply about assets such as gold and oil.

Market data

Order books, trades, price history and cross-venue comparisons.

Research tools

Model estimates, implied volatility, event calendars and scenario views.

Your workflow

Start with your team’s research or trading workflow. Institutional API access is arranged by agreement.

Try a real market below. Choose a time to see the range of prices our model estimates.

Loading a live contract…
Market—
Zena’s fair value—
Model 90% range—
 
0¢25¢50¢75¢100¢
Inspect the model response
—model computation
—browser round trip
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On your phone

Not a trader? This one's for you.

A guided view of the same markets. Understand the event, the price and what a trade would mean before deciding what to do.

  • Read the order book in plain words.
  • See the cost, payout and conditions of a trade.
  • Follow the reporting and the event behind the price.
  • Compare the market price with Zena’s model estimate.

As of October 1

Questions

A few things to know.

What is Zena?

A terminal for prediction markets. It puts 10 venues on one board, prices their markets with its own engine, and shows the order book, the chart and Zena's fair value beside the price.

Is it free?

Reading is free: the board, market pages, supported books and charts, and published fair values, on the web and on your phone. Trading needs an account. Institutional desks can explore the full workbench and research tools in a demo. Calendar API evaluation is arranged by agreement.

What is the fair value?

The terminal’s model estimate of the contract price, based on market data and shown beside the current quote. It is a model output, rather than a certainty about the event, and it can be wrong.

Can I trade from Zena?

Browse and research without connecting an account. Trading and account access depend on the venue; each ticket shows the supported route and its requirements.

Is any of this investment advice?

No. Zena is a research and data product. Nothing on it is a recommendation or an offer to buy or sell anything.

Opening film & sound credits

Illustrative footage and dated archives. The people, venues and brands pictured do not endorse Zena. The market quotes are separate from the pictured events. Music: “Signal to Noise” by Scott Buckley, released under CC BY 4.0; www.scottbuckley.com.au. Edited for a continuous loop. Narration generated with ElevenLabs, stock voice “Clyde — Full, Diplomatic and Inviting”, Eleven v4. Edited for the approved category timing. No recorded scene audio or speech from the pictured people is included. All sound starts muted on every visit; use Unmute in the bottom-right to listen.

Free stock footage under the Pexels license. Original source records: Finance — NYSE, market screens; Sports — football, basketball, tennis; Energy — refinery, oil pumps, nighttime UK station and highway infrastructure by David Pickup; Crypto — electronics production, server infrastructure, Bitcoin macro by Rūdolfs Klintsons; Politics — Capitol sunrise, flag over the Capitol; Entertainment — American awards portraits from “OSCARS 2019” by Cal Laird (2019), originally Vimeo 323686128, CC BY 3.0 (trimmed, audio removed; no affiliation or endorsement), festival, audience view; Perps — city, the original photographed tunnel drive under the Pexels license. The camera follows the photographed car at native speed. After the first three seconds, the remaining 17.1-second tunnel segment repeats. This is finite road footage, not an endless route. No synthetic car, vehicle cutout, artificial blur or recorded scene audio.

Finance includes the Federal Reserve press conference, September 16, 2026. Politics includes the White House recording with U.S. congressional leaders, February 27, 2024, a U.S. government work. World includes launch footage from Pixabay via Pexels and Perseverance landing and rover visualization, NASA/JPL-Caltech, 2020.