Manifold's current implementation of numeric markets allows users to bet on a scalar value within a numerical range. Under the hood, it operates using the same mechanism as a binary market, with the low and high points of the range mapped to 0% and 100%, respectively.

Many of our users have reported being confused by numeric markets, in particular by the concept of HIGHER and LOWER shares, the fact that you can only bet within a given range, and the low payouts that result if there isn't significant price action. Given the added complexity to our platform, we're wondering if we should scrap this type of market entirely.

This market resolves YES is we remove numeric markets as a choice from the "create a market" page at any point within the next 7 days. (We almost certainly won't remove or delete existing numeric markets, regardless of what we decide, at least until they've resolved.)

You can influence this market by posting your thoughts below!

Resolution

I have decided to remove numerical and multiple choice markets from the create page. (This decision is not necessarily final and may be reversed.)

While there is clearly demand for markets on scalar values, our current implementation is a poor experience for everyone and a source of confusion for newer users. Removing numerical markets as an option pushes users to create binary markets, which is a much better experience for traders (as evidenced by the higher trading volumes and fewer complaints). We are actively considering reworking numerical markets and hopefully will introduce a new and improved form in not too long.