Over $600 Million In Polymarket Election Trades Took Place After Races Ended

Image for article Over $600 Million In Polymarket Election Trades Took Place After Races Ended
News Source : Slashdot.org

News Summary

  • It's more that people want their money now and it takes time to verify.
  • So there's a touch of arbitrage to be had being a market maker when people want to cash out 30 minutes early.
  • "I will bet $100,000.00 that your [canidate/team] wins.
  • Here is your $100k.00 " It's not a bribe.
  • It was just a prediction trade on a global market with many involved participants.
  • Totally clean and above board.

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