Pricing & Probability
How prices, implied probability, and payouts work.
Beginner Guide
How to Read Prediction Market Prices
Learn what a prediction market price represents, how to read it as an implied probability, and what practical things (like spreads and liquidity) change how you should use that number.
July 9, 2026Beginner Guide
What Is Implied Probability?
Implied probability converts a prediction market price into a percentage chance. Learn what it represents, how to calculate it, and a simple buy-to-resolution example.
July 9, 2026