Prediction markets are usually structured as yes/no bets on a given outcome; each share pays out $1 (in cryptocurrency, in Polymarket’s case) if the bet proves correct, and zero if not. The price of a share, expressed in cents on the dollar, indicates the market’s assessment, when translated into percentage terms, of the prediction coming true.
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Sam Reynolds
https://www.coindesk.com/news-analysis/2024/11/18/polymarket-trader-loses-millions-on-tyson-after-making-bank-on-trump/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-11-18 16:22:34