LeoWandersleb on Nostr: "Matching over 3 billion" sounds like you are talking about the value of all the bets ...
"Matching over 3 billion" sounds like you are talking about the value of all the bets in the presidential market? You might be more familiar with polymarket than me but I did some research and found claims that the "open interest" is way less than this big number they show on every bet. That number is the total trade volume on the bet. But it appears to be hard to find the "open interest" which to my understanding is the total of funds locked in this trade or the total amount the winners in the bet get to walk away with.
Published at
2024-11-10 12:45:08Event JSON
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"content": "\"Matching over 3 billion\" sounds like you are talking about the value of all the bets in the presidential market? You might be more familiar with polymarket than me but I did some research and found claims that the \"open interest\" is way less than this big number they show on every bet. That number is the total trade volume on the bet. But it appears to be hard to find the \"open interest\" which to my understanding is the total of funds locked in this trade or the total amount the winners in the bet get to walk away with.",
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