This market is meant to simulate the mechanisms of a loan.
Whales have an incentive to bet "No" as the question will always resolve No after the specified date, giving them a free yield.
Minnows have an incentive to bet "Yes" as the question temporarily resolves Yes one day before resolving No permanently, giving them a margin loan.
This allows Whales to give Minnows significant margin loans through the usage of limit orders, while guarenteeing profit for themselves.
Example:
Whale puts limit order of 50000 No at 2% for "Resolves Yes 8AM 26th May. Then resolves No 8AM 27th and afterwards.".
Minnow purchases 1000 Yes at 2% before waiting for the question to resolve Yes (usually a few hours).
Question resolves Yes, giving the Minnow 50000 in spending power for 1 day, before resolving No and deducting 51000 from their balance.
The Minnow gets a 50x margin loan while the Whale gets a free 2% daily yield.
I will be adding more options in the following days.
1,000I don't see how No holders could lose after the market resolves No.
My understanding is that manifold sets the balance of Yes buyers to a negative number after it resolves No.
@Eliza I checked on an unlisted market that you can resolve, unresolve then resolve again to a different option.
I'll also give mods the ability to resolve if I incorrectly, or lately resolve an option to the specified date.
You are only allowed to do that for the first 10 minutes or maybe an hour. After that it would require cooperation from a moderator.
The system won't let you do it if it causes someone's balance to go too far negative.
The scheme requires direct cooperation from a moderator, hence my warning that I think most moderators would not play along with this particular scheme.
(ignore comment)