정의
Venue
시장이 거래되는 플랫폼.
Venue
A venue is the platform on which a market trades. In practice this means the software, matching engine, and settlement infrastructure that let buyers and sellers place orders, discover prices, and settle outcomes. Polymarket is one venue; Kalshi and PredictIt are other examples you may encounter.
In context
On Polymarket the venue consists of the CLOB for order matching, the Conditional Token Framework (CTF) for outcome tokens, the Relayer that sponsors gas, and the surrounding user interfaces and APIs. When you read documentation or market data you will often see metrics and rules that are specific to the venue — for example tick size, fee schedules, wallet connectors, and resolution oracles. Those venue-specific rules determine how orders execute and how quickly positions can be split, merged, or redeemed.
Why venue matters
- Liquidity and spreads are properties of a venue: the same question can have very different trading conditions on different venues.
- Fees and maker/taker rules are set at the venue level and affect the economics of strategies such as intra-market arbitrage.
- Settlement mechanics (token standards, oracle choices) are venue attributes that influence settlement timing and on-chain operations.
See also
- CLOB
- CTF
- Relayer
- pUSD