# LEVERAGE & RISK

- [Synthetic Exposure](/leverage-and-risk/synthetic-exposure.md): How collateral and hedging combine to form each synthetic position.
- [Contract-for-Difference](/leverage-and-risk/contract-for-difference.md): Why CFDs are the right instrument for leveraged prediction market exposure.
- [Leverage Decay (J-factor)](/leverage-and-risk/leverage-decay-j-factor.md): Automated exposure reduction driven by market microstructure.
- [Margin Requirement](/leverage-and-risk/margin-requirement.md): Enforcing safe leverage by tying position size to posted collateral.