100 sats \ 2 replies \ @User21000000 3h \ parent \ on: Predyx | Advanced Prediction Markets with Lightning Network Integration oracle
It does thanks.
Does each time sell your share you need someone willing to buy that share?
And does this make a tax event like shares buy and sell would?
It’s interesting hope it goes well
We use LMSR for pricing and cost calculation, thus there is no need to wait for someone to buy. The LMSR model offers a spot price. Predyx is still considered a play money market due to the micro bets nature, not sure if that will be a taxable event, but our legal team is actively looking into any kinda regulations that we need to follow.
More about LMSR (credit @ek) : http://blog.oddhead.com/2006/10/30/implementing-hansons-market-maker/
Our twitter post on LMSR:
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