The bid is the highest price someone is willing to pay right now; the ask is the lowest price someone is willing to sell at. The gap between them is the spread.
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Bid and Ask: The bid is the highest price someone is willing to pay right now; the ask is the lowest price someone is willing to sell at. The gap between them is the spread.
What it means
The bid is the highest price someone is willing to pay right now; the ask is the lowest price someone is willing to sell at. The gap between them is the spread.
Example
A market shows YES bid 55¢ and ask 57¢. Buying immediately costs 57¢; selling immediately gets you 55¢.
Practical tip
On Kalshi a YES bid at 55¢ is the same as a NO ask at 45¢, because YES and NO always add up to $1.
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