If U.S. Election is Disputed, Betting Markets May Face ‘Hornet’s Nest’

If U.S. Election is Disputed, Betting Markets May Face ‘Hornet’s Nest’

by Jeremy

In prediction markets, merchants guess on verifiable outcomes of real-world occasions in specified time frames. Sometimes, they purchase “sure” or “no” shares in an final result, and every share pays $1 if the prediction comes true, or zero if not. (On Polymarket, bets are settled in USDC, a stablecoin, or cryptocurrency that trades one-to-one for {dollars}; different platforms, together with Kalshi and PredictIt, pay out common dollars.)

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