Posted on 10/24/2024 12:32:29 PM PDT by zeestephen
Polymarket is currently banned for U.S. traders, following a 2022 settlement with the Commodity Futures Trading Commission...But another betting platform, Kalshi, posted new presidential election contracts after a favorable ruling in a federal appeals court in Washington, D.C... Interactive Brokers has also launched a slew of political betting contracts.
(Excerpt) Read more at cnbc.com ...
It will take one $24 million bet to move the odds 1% at Polymarket.
The world has gone mad.
Yeah..and his payout with be 40-60 odds....so when trump wins he wont double his money.
That's not how any of this works.
“The Polymarket spokesperson said it believes “that this individual is taking a directional position based on personal views of the election.””
A good reminder that these markets are completely meaningless.
I disagree.
From information posted on the Polymarket website - election odds are determined EXACTLY the same way that horse racing odds are determined.
Polymarket publishes the real time total wagers, and the real time total individual wagers. You can check their math any time you want to.
If that is not correct, please explain what is correct.
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