# Overview

**What is Binary?**

Binary is the only prediction market that Solana will ever need.&#x20;

A prediction market is a type of betting market where a user can bet on the outcome of a specific event, in our case binary outcomes.&#x20;

Our design philosophy for Binary boils down to a few key points:&#x20;

* Fun - Binary will have curated, fun, and timely topics for betting that will bring in more community engagement.
* Intelligent - Binary will be the first betting platform to integrate AI agent-based betting, enhancing the betting experience.&#x20;
* Simple - Binary's UI/UX is designed so that even a super smart newborn baby can start betting on our platform.

With our first prediction market, you can bet on whether SOL is up or down on the day from 6am ET to the next day's 6am ET (24 hours later).

Over time, we'll open new markets on any number of arbitrary events, such as:&#x20;

* Whether BONK will peak above $10B market cap in 2024?
* Whether the NFT floor price of Madlads is higher or lower in 3 days?
* Whether a protocol's airdrop is claimable by a certain date?
