“Yes” shares for Shapiro were trading at 68 cents Monday during morning hours in New York, indicating the market sees a 68% chance he will be the Democratic nominee for vice president. Each share pays out $1 (in USDC, a stablecoin, or cryptocurrency whose value is tied to the dollar) if the prediction comes true, and zero if not. The bets are programmed into a smart contract on the Polygon blockchain.
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