How prices move
A price on Kohana isn't a number we set. It's wherever buyers and sellers meet right now, and it moves every time someone bets.
Nobody sets the line
A bookie hands you fixed odds and takes the other side. Kohana doesn't. Every price you see is just the most recent deal between two people who disagreed.
When more people want Yes, they bid the price up. When they pile out, it drifts down. That's the whole engine.
The buy offers stacked below are bids. The sell offers above are asks. A trade fires the moment a bid and an ask meet, and the price that prints is the live odds.
If you've ever flipped sneakers on StockX, this is the exact same machine: a Highest Bid, a Lowest Ask, and a sale the instant one side crosses to the other. A stock exchange runs on the same two columns.
Kohana just does it for Yes and No.
The price is the probability
Because a winning share pays $1, the price doubles as the odds. Yes at 62¢ means the crowd is calling it about 62%.
News breaks, opinion shifts, and the price moves with it, in real time. No one re-cuts the line by hand.
Buy and sell aren't the same number
Look closely and there's a small gap. You buy a touch above the last price and sell a touch below.
That gap is the spread, just the distance between the highest bid and the lowest ask. Busy markets have a tiny spread. Quiet ones run wider, since fewer people are posting offers to close it.
You're trading the odds, live
Because the price moves, you don't have to wait for the result to win. Buy Yes at 48¢, watch it climb to 70¢ on good news, and you can sell for the gain right then.
You don't have to be proved right in the end. You just have to be early.