Abstract. We investigate the property of strict coherence in the setting of manyvalued logics. Our main results read as follows: (i) a map from an MV-algebra to [0,1] is strictly coherent if and only if it satisfies Carnap's regularity condition and, (ii) a [0, 1]-valued book on a finite set of many-valued events is strictly coherent if and only if it extends to a faithful state of an MV-algebra that contains them. Remarkably this latter result allows us to relax the rather demanding conditions for the Shimony-Kemeny characterisation of strict coherence put forward in the mid 1950s in this Journal. §1. Introduction and motivation. This paper contributes to the logical foundations of probability by investigating strict coherence on many-valued events. The notion of strict coherence was introduced in this Journal by Abner Shimony and John Kemeny as a logically inspired refinement of the notion of coherence used by Bruno de Finetti to ground his subjective interpretation of probability. Informally, coherence demands that a rational agent avoids the logical possibility of "sure loss" in suitably specified betting situations. Its strict counterpart, in addition, demands that each prospect of losing should be balanced by a prospect of gaining.Interest in the condition of strict coherence was prompted by Carnap's analysis of what he termed "regular" probability functions in [4] (see also [37, Chapter 10 ]). Informally those functions arise by strengthening the usual normalisation axiom of probability in the right-to-left direction. That is to say that 1 (respectively, 0) is assigned only to tautologies (respectively, contradictions). The rationale for Carnap-regular functions is that, however unlikely, possible events may happen.In [38] Shimony proved that imposing strict coherence to a map from finite boolean algebras to [0, 1] was sufficient to single out Carnap-regular functions. Shortly after, the converse was established by Kemeny in [21], a result proved independently in [24]. The Shimony-Kemeny characterisation is obtained under far more restrictive conditions than those yielding de Finetti's theorem, which 1991 Mathematics Subject Classification. Primary 03B48, Secondary 60A05, 06D35, 06F20, 52B11.