pull down to refresh
Yeah. Pretty sure the amount that'll get tied up in legal fees and lawsuits otherwise will be more than that.
It depends how clear the resolution criteria was. If it didn't explicitly state that death didn't count, then I suspect you're right.
This is partly the problem with user created markets on predyx. Often the resolution criteria is vague or doesn't make sense.
Take for instance this Bitcoin market from today:
"Resolution Rules: This market will resolve to YES if the close price of the Binance BTC/USDT 1-minute candlestick at exactly 12:00 ET (noon Eastern Time) on March 1, 2026 is higher than $68,000. This market will resolve to NO if the YES condition is not satisfied according to the primary resolution source at or before the exact market close time 2026-03-01T23:59:00.000Z. Only data timestamped at or before market close time counts. If no 1-minute close price exists at exactly 12:00 ET due to downtime, resolves NO. Resolution Sources: Primary: Binance BTC/USDT spot market candlestick data (select 1m timeframe and Candles view)"
Which is it 12et noon or 23:59? and the market ends in 6 hours which I believe would be the UTC close.
This is why I am typically very skeptical of buying shares on user created markets. I’ve been burned and it’s just annoying
Yeah, they don't want to be on the hook for mistakes like that. There will have to be restrictions on user created markets and payouts.
That and they should limit the size of markets based on past resolution accuracy or require something like a bond to cover payout mistakes.
I think they’ll end up implementing lots of little things like that.
They should at least cancel the market and give everyone their money back.