A recurring market is an event contract market on a question that repeats on a regular schedule, so a fresh contract opens for each new cycle rather than the market existing only once.
Last reviewed 12 July 2025 · Educational, not advice
Some questions are asked once and never again, while others come back on a fixed rhythm. A recurring market is built around the second kind. It is a market on a question that repeats on a schedule, for example a figure published every month or an outcome decided every week. Each time the cycle comes around, a new contract opens, trades, and then resolves, and the next cycle does the same. The question stays the same in shape even though each instance has its own dates and its own result.
This is different from a one off market, which is tied to a single event that happens once and then is gone. Because the question repeats, a recurring market can be maintained as a durable, long lived market rather than a disposable one. The pattern of opening a new contract as the old one ends is often called a rollover. From a reader's point of view, the value is that the structure and the rules are familiar from one cycle to the next, even though the outcome of each is decided fresh.
Each cycle is its own contract and resolves on its own terms. When a cycle reaches its resolution date, that contract settles against the defined source, the winning side is paid, and a separate contract carries the next cycle. It is important to treat the cycles as independent. What happened last month is a finished, settled result, and it does not carry any weight into the next contract. A recurring structure makes the timetable predictable, but it does not make any single outcome predictable.
That last point is where care is needed. The regular rhythm of a recurring market can create a false sense that a pattern is forming, but each cycle is decided by its own facts, and past cycles are not a guide to future ones. The price in any cycle is still an implied probability, not a forecast, and the money you commit is still at risk. A recurring market is a way to keep a useful question available over time, not a way to read a trend into results that are independent of each other.
Suppose a market is built on a figure that a body publishes every month. In January a contract opens on the January figure, trades through the month, and settles when the figure is released. As that contract resolves, a new contract opens on the February figure, and so on. The question repeats, the structure is the same each time, but each monthly contract is separate and is decided only by that month's published figure.
Illustrative only. The structure describes how recurring markets are arranged, not a quote or a prediction about any cycle.
A recurring market makes the timetable predictable, not the outcome, and each cycle still carries a real risk of loss. Stake only what you can afford to lose, never to chase a loss, and never on borrowed money. If it stops feeling like a free choice, step back. In the United States you can call or text the helpline on 1-800-GAMBLER or visit ncpgambling.org.
It is an event contract market on a question that repeats on a regular schedule, such as a monthly or weekly outcome, so a fresh contract opens and resolves for each new cycle rather than existing only once.
A one off market is tied to a single event that happens once and is then gone. A recurring market is built on a repeating question, so it can be kept as a durable market with a new contract each cycle.
Yes. As one cycle reaches its resolution date and settles, a separate contract carries the next cycle. This pattern of replacing the ending contract with a new one is often called a rollover.
No. Each cycle is its own contract decided by its own facts. A settled past result does not carry into the next contract, and the price in any cycle is an implied probability, not a forecast.
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