A spot market is a market where actual assets are traded as the opposite of interest to the assets.
In cryptocurrency markets, spot market is where you receive actual tokens for your purchases.
In stock markets, you will receive stock certificate
In commodities markets (oil, wheat, etc.), you will receive a physically delivered item
Spot market itself does not have shorting, or leverage.
See also
Decentralised finance
Shorting
Longing
Leverage