# Polls - Binary & Categorical Prediction Markets

**Binary Predictions & Categorical Predictions** are located in a new market type called **Polls (Prediction Markets). Polls** enable users to predict the outcomes of various events in the cryptocurrency and financial sectors. 

### **1) Binary Prediction Markets**

Each Binary Prediction **Poll** has only two possible prediction options.  Users can choose only one option to predict. For example:

* *Will Project Alpha conduct a TGE by the end of 2024?* Options: **Yes** / **No**.
* Which coin will have a higher market capitalization by the end of 2024? Options: **Bitcoin (BTC) / Ethereum (ETH).**

### **2) Categorical Prediction Markets**

These **Polls** have multiple prediction options, and users select one or several options as their predictions. For example:

* *Which token from the list below is to be listed on Binance first?* \
  Options: **Token Delta** / **Token Epsilon** / **Token Zeta**.
* *How FED will change the Interest Rate in September 2024?* \
  Options: **50+ bps increase /  25 bps increase / no change / 25 bps decrease / 50+ bps decrease**

By tapping into the community's collective intelligence, the **Polls Prediction Markets** aims to provide valuable insights into upcoming trends and events while rewarding users for their accurate forecasts.