Basic Rules:
If it hits the bottom, resolves YES. If it hits the top, resolves NO.
Specifically, this market resolves when one of the following conditions are met:
If a NO bet runs into a YES limit order at 1%, market resolves YES
If a YES bet runs into a NO limit order at 99%, market resolves NO
If the close date is reached in the year 2042, market resolves to 69%
Exception: Missed Trigger Clause
If a bet runs into a relevant limit order but nobody points it out in the comments within 420 hours of the bet being placed, then it doesn't count
Fine Print/Clarifications:
Displayed market percentage is technically irrelevant to resolution, resolution is entirely based upon interacting with limit orders
Market resolution cannot be triggered if there are no limit orders
Players may trigger resolution by betting into their own limit order
It does not matter if a relevant limit order is filled, only that it is reached
If it turns out there is some janky way to cause limit orders to break without actually reaching them, such methods will be ignored, a bet has to actually push the market percentage to 1% or 99% in order to trigger resolution
1,000🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ1,094 |
People are also trading
@Fion very unstable format it seems, didn’t think through the incentives on this one much beyond the surface level before posting :p
@Orangey Haha, sometimes it's fun to shoot first and ask questions later.
I think the simplest "hack" would have been to set a limit order at 99% NO, buy up to it and into it, and then buy the market all the way to 1%. That way one trader would get all the starting liquidity subsidy and turn it into profit. I was about to do this, but then @Wott bought it to 99% and I bought it to 1%. I'm guessing they were in the process of doing my plan A, and I just happened to be right there ready to make a trade and beat them to it. But yeah, the market was instantly exploitable even without somebody making a mistake.
@Fion Yes that sounds right, just taking a minute to look at the logs for the sake of exercise. I kind of thought it would be more apparent. In the future if I were to run it back I think the obvious solution is to set a limit order at each end at market creation and have those limit orders specifically trigger resolution
@Fion i was finding the trades section of the market confusing but the trades on your profile are readable how I expected