By the end of 2023, will there be a serious market that had a >=98% swing in under 5 minutes?
38
145
แน€730
resolved May 6
Resolved
YES

Includes resolutions even if no one corrected the market beforehand.

For example:

  • A market that was at <=1% and then resolved YES.

  • A market that was at >=99% and then was suddenly bet down to <=1%, and remains at 1% for several days, or resolves to NO right afterwards.

Only counts binary markets. Does not include any market with less than 10 traders at the time of the swing. Does not include any market with a structure designed to make this happen. (Like the creator offering to pay back all the traders or something like that.) Does not include someone spiking the market and it being corrected shortly afterwards. Does not count incorrect resolutions. Does not include any swings that occurrred before this market was created. (Though if this has already happened I'd still like to know about it.)

Markets on various swing sizes:

Get แน€200 play money

๐Ÿ… Top traders

#NameTotal profit
1แน€262
2แน€117
3แน€80
4แน€52
5แน€46
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bought แน€1,111 of YES

Does it qualify:

bought แน€1,000 of YES

@TravisBaker Binary market, real world market (thus no on purpose swing), 13 traders at the time of the swing, correctly resolved, moved from 1.6% to 99.8% in 2:50 minutes. This is it!

bought แน€1,000 of YES

@TravisBaker Yes bloody ouch. I was a little overconfident, and it was a very unlikely event combined.

bought แน€100 of YES

This for sure just happened.

bought แน€20 of NO

@BTE "less than 10 traders at the time of the swing"

bought แน€100 of YES

@A That sucks.

@BTE Was that you trying to make this market resolve YES?

predicted YES

@IsaacKing I actually thought the GOP hadn't gone forward with the audit but before resolving checked and they had so I bet it up to 99 percent from 1 percent but didn't have 10 traders so didn't count apparently.

Also:

Does not include someone spiking the market and it being corrected shortly afterwards.

predicted YES

@IsaacKing What does that mean?

predicted YES

@IsaacKing I accidently spiked it down to less than 1 percent and ended up losing money on the market.

@BTE Right, so that doesn't count. It has to be a true market correction, where traders agree the new price is correct.

predicted NO

Similar market about the past:

bought แน€30 of YES

Would a market of the form "This market resolves yes with probability 1%" count as sufficiently serious?

@A No, I'd count that as a market with a structure designed to make this occur. (Just create 100 of those markets.)

predicted YES

@IsaacKing Right, fair enough. Fundamentally though it's not any different than a real question that happens to be based on a well-known low probability event that can happen or not happen instantaneously.

@A I agree, but the latter type of market can have traders be systematically biased, whereas a "resolves YES with 1% probability" is obviously correct when it's at 1%.

predicted NO

Could this market itself count if it ever drops below 1%?

@Yev Yes, which means it will never drop below 1%. :)

bought แน€15 of NO

Does it include markets which swung by 99% before this market was created but haven't resolved yet?

Do there have to be at least 10 traders at resolution time or at swing time?

@Yev 1. No. 2. Swing time.

Edited the description to clarify both.

predicted NO

@IsaacKing Does it include incorrect resolutions?

predicted NO

And what about non-binary markets?

@Yev Only binary markets. Doesn't count incorrect resolutions.

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