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.
I guess Polymarket is trying to reach a pre election levels by any means they can. ;)
https://www.mitrade.com/insights/news/live-news/article-3-458650-20241108
Wow, that's a lot of outflow!
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.
Desperate for activity?
Yes, I guess.
I also see it as offering 3% interest for your money.
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...
Trying to drive up demand
yes, I guess.
Does polymarket allow user created markets or something?
Relative to "earth is flat", I think "Jesus Christ returns" is underpriced :)
Yes polymarket allows user created markets. But these markets are created by polymarket, not user created.
@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.