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Probability Spread
Probability spread describes the difference between the probabilities represented by available buying and selling prices in a prediction market.
Why it matters to you
A market may be casually described as: "60%" while the actual tradable prices could be closer to: Bid: 58% Ask: 62% That distinction matters. The displayed headline probability is not necessarily the exact price at which you can execute a trade.
Terms that sit next to this one
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