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Prediction Markets101

Ask

When you want to buy a contract, you buy at the best ask.

Prediction Markets 101 editorial team Updated April 16, 2026 1 min read

Definition

An ask is a sell order — the price someone is willing to accept to sell a contract. The lowest ask sets the market's buy price.

Plain-English explanation

The ask is the price a potential seller is offering. If the best ask on YES is $0.52, buying 100 YES shares costs you $52. Multiple asks stack up in the order book; you typically take the best (lowest) one first.