Last trade
Last reviewed 2026-08-07
Last trade — definition
The price at which the most recent share changed hands. Can be stale in low-volume markets.
Last-trade prices look definitive but lag in thin markets — a 2-hour-old trade tells you little about current pricing.
If the last trade is far from the current mid, trust the mid.
Learn more: How prediction markets work
See also
Frequently asked questions
What does last trade mean in prediction markets?
The price at which the most recent share changed hands. Can be stale in low-volume markets.
How does last trade work in practice?
Last-trade prices look definitive but lag in thin markets — a 2-hour-old trade tells you little about current pricing.
Sources & further reading
- CFTC — Event contracts explainedU.S. Commodity Futures Trading Commission
- Kalshi — how prices and settlement workKalshi
- UMA Optimistic Oracle documentationUMA Protocol
Last reviewed 2026-08-07 · CollegePredictionMarkets.com