# Price

In a prediction market, the **Price** of an outcome is also commonly referred to as the **Odds**. It represents the implied probability, or the market’s collective estimate of the percentage chance that a specific result will happen. 

Prices always fluctuate between 0¢ and 100¢ ($0 to $1) based on real-time news and trader activity.

***Example:** If the "No change" market is trading at **95.4¢**, it means the market believes there is a **95.4% chance** the Fed will not change rates. If you are right, your **95.4¢** share grows to a full **$1.00** at settlement.*

***

### FAQs

<details>

<summary>What does Price mean in a prediction market?</summary>

Price, also called Odds, represents the market’s implied probability of a specific outcome occurring.

</details>

<details>

<summary>How is Price expressed?</summary>

Prices are shown between 0¢ and 100¢, which directly correspond to a 0% to 100% implied probability.

</details>

<details>

<summary>Why do Prices fluctuate?</summary>

Prices change in real time based on news, new information, and trader activity as the market updates its collective belief.

</details>

<details>

<summary>What happens to Price at settlement?</summary>

If an outcome is correct, its price settles at 100¢. If it is incorrect, it settles at 0¢.

</details>

<details>

<summary>How does Price translate into profit?</summary>

If you buy an outcome at 95.4¢ and it resolves correctly, the share settles at $1.00, meaning you earn the difference between your entry price and $1.00.

</details>


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