you are viewing a single comment's thread
view the rest of the comments
[–] 3 points 4 months ago (4 children)

But why would anyone buy shares after an event resolved? You'd expect liquidity to dry up at that point. So i can't imagine that this is how it's ultimately resolved and you get paid out.

  • source
  • parent
  • hideshow 4 child comments
  • [–] 3 points 4 months ago (3 children)

    Where did I say anyone was buying up shares after the event resolved?

    When the event resolves, the platform pays out $1 for each share on the winning side. Shares on the losing side are worthless.

    If you have a "yes" and a "no" share, you can join them together and sell them to the platform for $1, before the event resolves. You don't have to wait for the event; you can sell them back at any time.

  • source
  • parent
  • hideshow 3 child comments
  • [–] 1 point 4 months ago (2 children)

    Yes but my whole question was about how a bet resolves, who decides it is resolved and who decides what the true outcome was. So i assumed your answer was to that question, which it didn't seem to answer.

    See the edit in my original post.

  • source
  • parent
  • hideshow 2 child comments