# The Situation

> Continuous distribution markets on Starknet. Traders express a posterior over a continuous outcome; underwriters warehouse quoted risk around that posterior.

The Situation replaces binary yes/no prediction markets with full parametric distributions (normal, lognormal, bivariate, multinoulli). A trade changes the quoted distribution to the trader's posterior. An underwrite commits balance sheet to that quote to absorb subsequent flow.

## Docs

- [Documentation index](https://the-situation-web.vercel.app/docs.md): overview of all published guides.
- [Trading distribution markets](https://the-situation-web.vercel.app/docs/trading.md): How to express a posterior, size a distribution trade, and read the resulting payoff.
- [Underwriting distributions](https://the-situation-web.vercel.app/docs/lp-strategy.md): How to trade, quote, and warehouse risk in a distribution market.

## Full content

- [Full documentation](https://the-situation-web.vercel.app/llms-full.txt): all guides concatenated into a single file for retrieval.