Implied probability
Translate price carefully and account for fees, spreads, collateral, and market structure.
Search public and private companies, people, funds, markets, tools, and research.
Track live market-implied probabilities, then connect each possible outcome to the companies, sectors, and assumptions it could affect.
Choose Yes or No on a market above to begin building an accountable track record.
A market price can summarize dispersed beliefs, incentives, liquidity, and contract rules. It is not a guarantee and may not equal a clean real-world probability.
Translate price carefully and account for fees, spreads, collateral, and market structure.
Volume, depth, participant diversity, and spread determine how much information a price can contain.
The exact source, date, wording, and edge cases define what traders are pricing.
The direction and speed of repricing can be more useful than the absolute level.
A vague or unusual resolution condition can detach price from the question you think is being asked.
A small trade can move an illiquid contract dramatically.
Even a correctly priced event may have a misunderstood or already-priced company impact.
Verify dates, sources, definitions, exclusions, and resolution authority.
Inspect spread, depth, volume, participants, and comparable contracts.
List the sectors and companies helped, hurt, or unaffected at each outcome.
Record what new evidence should change your probability and by how much.