How Prediction Market Odds Work
On Kalshi and Polymarket, contract prices range from $0.01 to $0.99. The price equals the implied probability — a $0.65 contract means the market thinks there's a 65% chance the event happens.
Converting to Traditional Odds
A $0.65 contract (65% probability) equals -186 in American odds or 1.54 in decimal odds. Use the calculator above to convert any format.