Ask
Ask
The lowest price someone is offering to sell at: what it costs to buy a Yes or a No contract now. All prices in the API are asks unless named otherwise.
Calibration
Calibration
How often markets priced in a band resolved Yes, compared with their price. See Calibration.
Chance
Chance
An outcome’s implied probability: the midpoint of its best Yes ask and one minus its best No ask.
Contract
Contract
A market’s terms. A contract pays 0 otherwise.
Cross-venue
Cross-venue
Involving one market on Kalshi and one on Polymarket. See Cross-venue pairs.
Depth
Depth
A lead sized against the live order books, walking both ladders with real fees and minimum sizes.
depth.executable says whether at least one pair could be bought for less than it pays.Event
Event
A real-world question grouping one or more markets, such as a Fed decision with one market per possible outcome.
Graph run
Graph run
One hourly build of the relation graph from the latest complete crawls. Graph-derived responses name the run they were read from.
Horizon
Horizon
How many days before a market closed its price is taken, for calibration and strategies: 1, 7 or 30.
Lead
Lead
A two-leg purchase that pays at least $1 in every outcome a proven relation allows. See Leads.
Market
Market
One contract, addressed by its venue and that venue’s id: a ticker on Kalshi, a slug on Polymarket.
Notional
Notional
A fill’s price times its quantity, in USD.
Relation
Relation
A proven constraint between two markets’ outcomes: equivalent, implies, contradicts or overlaps. See Relations.
Rules hash
Rules hash
The fingerprint of one version of a market’s terms. Relations are proven against a specific version.
Strategy
Strategy
A rule to buy one side of markets in a price band before they close, measured against settled history. See Strategies.
Strike
Strike
A market’s payoff condition as a structured range on its underlying quantity, with bounds as exact rationals.
Twin
Twin
The same event listed on the other venue, with its outcomes proven equivalent.
Venue
Venue
An exchange whose markets Routeur reads:
kalshi or polymarket.