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If U.S. Election is Disputed, Betting Markets Could Face ‘Hornet’s Nest’

Altszn.com by Altszn.com
November 4, 2024
in Blockchain, Crypto, DeFi, Web3
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If U.S. Election is Disputed, Betting Markets Could Face ‘Hornet’s Nest’
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In prediction markets, traders bet on verifiable outcomes of real-world events in specified time frames. Typically, they buy “yes” or “no” shares in an outcome, and each share pays $1 if the prediction comes true, or zero if not. (On Polymarket, bets are settled in USDC, a stablecoin, or cryptocurrency that trades one-to-one for dollars; other platforms, including Kalshi and PredictIt, pay out regular greenbacks.)

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Read More: www.coindesk.com

Tags: BettingDeFidisputedelectionFaceHornetsMarketsnestU.S.
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