Polymarket Trader Loses Millions on Tyson After Making Bank on Trump

HomeCrypto News

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 b

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.

www.coindesk.com