> For the complete documentation index, see [llms.txt](https://docs.foreprotocol.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.foreprotocol.io/documentation/protocol/market-phases/participation-phase.md).

# Participation Phase

**KEY POINTS:**

* The participation phase starts immediately upon market creation 
* This phase lasts until the end time set by the market creator in market configuration 
* During this phase, players can take a position by wagering FORE on outcomes 
* Anyone can take a position as long as they hold FORE tokens in their connected wallet (the amount must be greater than 0 and less than or equal to the amount of FORE in their wallet) 
* With every position, the total market size will increase per that position 
* With any subsequent prediction on the same market outcome, it will be added to the users’ original position 
* Player funds are held in a smart contract until market resolution