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Why is Polymarket creating such stupid markets?
I guess Polymarket is trying to reach a pre election levels by any means they can. ;)
Polymarket lost up to 50% of its value locked after settling the betting market on the winner of the US presidency. The betting platform now carries a reported $181M in open interest, sharply down from $511M on November 6. Even the zero fees and the immense popularity of the platform did not stop the outflows.
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Wow, that's a lot of outflow!
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Yupp. I've turned into a real reporter these days. I remembered that I read somewhere about Polymarket's big outflows and searched it, found this.
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147 sats \ 1 reply \ @grayruby 24 Mar
Desperate for activity?
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Yes, I guess.
I also see it as offering 3% interest for your money.
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I'd like to take me some sats from flat earthers~~ but who's the oracle? Surely both camps won't agree, as they haven't since Copernicus...
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Trying to drive up demand
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yes, I guess.
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Does polymarket allow user created markets or something?
Relative to "earth is flat", I think "Jesus Christ returns" is underpriced :)
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Yes polymarket allows user created markets. But these markets are created by polymarket, not user created.
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@mega_dreamer any chance we can get a market for #1 overall pick in the NFL draft?
Cameron Ward -750 Abdul Carter +500 Travis Hunter +3000 Other +4000
It is likely to be Ward but I think it will be a fun market because some of the other guys are very undervalued in my opinion.
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