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Pricing

Prices and liquidity

Each market on STX is a question with a YES or NO outcome. For a binary contract with a $1 settlement value, a contract normally pays $1 if the outcome is YES and $0 if it is NO.

Contracts trade at prices from $0.01 to $0.99. A price can be read as an approximate market implied probability of YES: a contract at $0.25 suggests about a 25% chance. As trading interest changes, so does the price, and you can buy into or sell out of a position while trading is available.

A price is not a verified forecast or a guarantee. Fees, liquidity and market conditions also matter. See Prices and liquidity and Reading a market.

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