> ## Documentation Index
> Fetch the complete documentation index at: https://docs.thetalabs.gg/llms.txt
> Use this file to discover all available pages before exploring further.
# Live markets
> 15-minute up-or-down markets on stocks, crypto, and in-play sports.
The **Live** hub lists updown's 15-minute markets. Click **Live** in the top bar (or the updown mark, which also goes there). For the mechanic behind every window, see [How windows work](/trading/how-windows-work).
## What's listed
| Category | Markets | When they trade |
| ---------- | --------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------- |
| **Stocks** | Large-cap stocks such as AAPL, NVDA, TSLA, GOOGL, PLTR | Weekdays **4:00 AM – 8:00 PM ET**. Stock cards leave the hub outside those hours. |
| **Crypto** | BTC, ETH, SOL, DOGE | **24/7** |
| **Sports** | In-play two-team games, tracking one team's live win odds | From kickoff until the game ends. Games are listed automatically while their odds are still in doubt (between 5% and 95%). |
## Browsing the hub
Use **All / Sports / Stocks / Crypto** in the left rail (chips on a phone).
The panel at the top highlights one market at a time. Use its **‹ ›** pager ("3 of 12") to step through.
Click a card to open it, or click its **Up 51¢** / **Down 49¢** button to open it with that side preselected.
### The featured panel
| Element | What it shows |
| ---------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------- |
| **Title** | The market and cadence, for example "Bitcoin (BTC) · 15 min". |
| **Market / Pays out / Odds** | Each side with its payout multiple and price, for example "Up · 1.96x · 51¢". Sports show team rows with **Up** / **Down** price buttons. |
| **Closes in** / **Opens in** | Countdown to the window close, or to the start of an upcoming sports window. |
| **To beat** and **Now** | The opening value (with the close time) and the live value (with the move). |
| **Chart** | A two-minute live tape. Sports also show the game clock and score. |
The "Pays out" multiple is 1 divided by the price and ignores the spread you pay when you actually fill.
### Market cards
Each card shows the market image and title, "15 min", the countdown, **To beat** (with the close time) and **Now** (with the move), a row per side such as "▲ Up 51¢" with a bar, a **LIVE** tag, and a **Last 6** strip of triangles showing recent window results. Hover a triangle for the detail, for example "2:00 PM window · $325.40 → $325.62 · Up".
## The market page
| Section | What it shows |
| ----------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Header** | Image, title, the current window line, and the status tag. |
| **To beat / Now / Time left** | The window's key numbers. See [How windows work](/trading/how-windows-work#reading-the-window-header). |
| **Chart** | The live tape with lookbacks **Live / 5m / 15m / 1H**. |
| **Past** | A dropdown of recently settled windows, plus chips for the last four. Each opens that window's result page. |
| **Live Positions** | Your contracts in the current window, with **Sell** buttons and your **Buying power**. |
| **Outcome row** | "Up or Down" with the live value and each side's price, for example **Up 51¢ / Down 49¢**, plus the ⓘ tie note. |
| **Order book** | Expandable. Tabs **Trade Up / Trade Down**; columns **Price / Shares / Total**; **Asks** above and **Bids** below with "Last 50¢ · Spread 2¢" between them. |
| **Settlement rules** | The exact rules for this market. |
| **Ticket** | The right rail on desktop, a bottom sheet on a phone. See [Placing orders](/trading/placing-orders). |
Team markets add a two-pill toggle above the chart to switch which team you are viewing, and a "View the underlying market →" link.
The order book's **Shares** column counts contracts. The docs use "contracts" throughout.
## Sports sessions
Sports markets are session-based:
* Before kickoff the card reads "Trading opens in 12:04" and the page shows **UPCOMING · opens 7:30 PM**.
* Windows roll every 15 minutes through the game.
* When the game ends, the odds freeze, the window in progress becomes the final one (tag **FINAL**), and it settles at the frozen odds. See the game-over rule in [How windows work](/trading/how-windows-work#market-hours-and-special-cases).
When no game is in play, the Sports filter reads "No live sports markets right now".
## Liquidity
updown quotes both sides of every window itself, with about **20 contracts of depth per side per window** spread over six price levels. Large orders can fill partially. See [Placing orders](/trading/placing-orders#how-fills-work).