Understanding market prices

Prices reflect the probability of an event happening, based on current trading activity.

For example:

In this market 'Will BTC hit $100K in 2024?', if 'Yes' shares are priced at 65c, that suggests a 65% chance of Bitcoin reaching $100K in 2024. Similarly, if the price of 'Yes' shares is 10c, it indicates that there's only a 10% chance of Bitcoin reaching $100K in 2024.

Additionally, you can also express your position using 'No' shares. For instance, if 'No' shares are priced at 80c, that suggests an 80% chance that Bitcoin will not reach $100K in 2024