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HomeCrypto NewsPolymarket Trader Loses Millions on Tyson After Making Bank on Trump

Polymarket Trader Loses Millions on Tyson After Making Bank on Trump

Prediction markets are usually structured as yes/no bets on a given outcome; each share pays out $1 (in cryptocurrency, in Polymarket’s case) if the bet proves correct, and zero if not. The price of a share, expressed in cents on the dollar, indicates the market’s assessment, when translated into percentage terms, of the prediction coming true.

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