How liquid are these election betting markets? 🤔
Discussion
9 figures I believe, so not very liquid.
9 figures? not that liquid? seems like a lot for a quasi legal gambling thingy.
...another issue is the site could be playing with the spreads, meaning they have all these tokens and they can manipulate the line in theory to get desired results aka max value. imagine if a sports book could re bet the funds they have on hand (which i suppose they do but its harder to get away with in fiatville)
Exactly. Dave Collum brought this up with Marty.
I just wrote about this.
nostr:note18yyavrt3qdhgkun7eupkwrs4nusthc70f8v8n2u5r49e0ej4x79qx75tyx