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What is Price in cents?

The share price in cents = the market's probability for that outcome. 64¢ means the market puts the chance of "Yes" at 64%. A winning share always settles at $1.

Example

"Yes" 64¢ / "No" 36¢ → the market sees "Yes" as more likely (64% vs 36%).

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Educational material by MarketNerve — not financial advice.