PLAIN ENGLISH
What does Implied Probability mean?
In many binary prediction markets, a contract price between $0 and $1 can be read approximately as a percentage probability, so $0.63 corresponds to roughly 63%.
IN THE WILD
How people use it
Used on prediction-market platforms and in event-contract trading.
EXAMPLE“At 28 cents, the market is implying about a 28% chance.”
ALSO USED AS
market-implied probability