# Events

There are 2 events on Prebit;\
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10-minute predict event\
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1-hour predict event\
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A Prebit event is hosted on our platform with a clear opening and closing time. \
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This is the time where you have the ability to register your prediction.

At each Prebit event, you simply predict the price of Bitcoin for a chance to win prizes based on the accuracy of your prediction.

A Prebit time is when the price of bitcoin is captured at a specific point in time after the Prebit event has closed and predictions have been secured.

<figure><img src="https://2182687544-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FCuPedptoaEqhAfZplcTu%2Fuploads%2Fwa6kZ41OLIlau7hfl4Sl%2FScreen%20Shot%202023-09-29%20at%2010.39.06%20AM.png?alt=media&#x26;token=7f5eaac8-a381-489f-9fcb-76efdcd5167e" alt=""><figcaption><p>PREBIT HOURLY EVENTS</p></figcaption></figure>

## Opening time

This is the time that the PREBIT event opens and you can begin registering your Precards on the 'Predict' page.&#x20;

## Closing time

This is the time that the PREBIT event closes and Precard registration will no longer be allowed on the 'Predict' page.&#x20;

## Prebit Time

This is the point in time where the live Bitcoin price is captured and finalized in order to verify the winning Precard participants.&#x20;