Anarchist Stickers Archive (@anarchist_stickers_archive@kolektiva.social)
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K.C. Budd
in reply to Jess👾 • • •SnoopJ
in reply to Jess👾 • • •@jannem calling foul is a sure way to mark oneself as outside the in-group that is running the grift, working directly against it
and if there is something many of the gamblers very badly want, it is to be part of that in-group
Jess👾
in reply to SnoopJ • • •Jess👾
in reply to Jess👾 • • •Rich Puchalsky ⩜⃝
in reply to Jess👾 • • •Daniel Lakeland
in reply to Jess👾 • • •I'm not an expert, but I don't think that's how these markets work?
I thought for example suppose there's some event like "US Bombs Iran in Feb" it's Jan, the current price is $0.1 per contract, each contract pays $1.
Now you think "there's a much higher chance than 10%, I'll buy $1000 worth". And someone else says "there's no chance... I'll take $0.1 for every $1 I have to put up no problem".
Daniel Lakeland
in reply to Daniel Lakeland • • •So then the counterparty puts $1000 in their account and sells you 1000 contracts for $100. And hopes to hold them through the end of Feb, and collect the $100.
You hope iran gets bombed and you collect the $1000 held in escrow.
It doesn't matter what else happens in the market... at the time you buy you've locked in your return.
Now, that's how things worked last I looked, maybe a decade ago... have they changed?
Jess👾
in reply to Daniel Lakeland • • •alphatechfinance.com/tech/poly…
Polymarket Ultimate Guide 2025: How It Works, How to Use It, Real Use Cases, Advantages, and Lessons for Smart Investors - AlphaTechFinance
Alpha Tech (AlphaTechFinance)Oblomov reshared this.
Daniel Lakeland
in reply to Jess👾 • • •