What does a 62¢ contract mean?
- It means the market thinks there's a 62% probability the event happens. If you buy and the event occurs, you collect $1. If not, you lose your 62¢.
Do I need to convert odds to use a prediction market?
- No. A contract price in cents is already the implied probability in percent, so there is no conversion step at all. A contract at 62¢ means a 62% chance.
Why are probability prices clearer than payout-style odds?
- Probability prices show the market's exact view with no hidden margin. YES and NO add up to exactly 100¢ on a federally-regulated event-contract platform. Payout-style formats bake in a margin that obscures the true probability.
Do YES and NO always add to 100¢?
- Yes, by construction. If YES is 62¢, NO is 38¢. The platform charges a small disclosed fee per fill instead of hiding it inside the price.
What is the bid-ask spread on prediction markets?
- The difference between the highest buy order and lowest sell order. Deep markets like Super Bowl winner often run a 1¢ spread; thin or far-future markets can run 5–10¢ wide.
Can I sell my position before the event resolves?
- Yes. Anytime liquidity exists, you can sell back into the order book and lock in gains or cut losses — something traditional sportsbooks rarely allow cleanly.
