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.
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.
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.
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.
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.
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.
Ah. I think I misunderstood your question.